Search Results for: divestment

California Coal Divestment Bill Inches Closer to Passage; CalPERS, CalSTRS Take No Stance

A bill, which would require CalPERS and CalSTRS to divest from their coal holdings, inched one step closer to passage on Wednesday. A California Assembly committee approved the measure on Wednesday by a 5-1 vote; the bill has already cleared the Senate. From Reuters: The bill now heads to the California Assembly Appropriations committee. If … Continue reading California Coal Divestment Bill Inches Closer to Passage; CalPERS, CalSTRS Take No Stance

California Senate Passes Bill Mandating Coal Divestment for CalPERS, CalSTRS

The California Senate this week passed a sweeping climate change-oriented bill, which includes a provision requiring CalPERS and CalSTRS to divest from coal holdings. The two pension funds hold around $300 million in coal-related assets. More from the East Bay Express: The California State Senate voted today to urge the California Public Employees Retirement System … Continue reading California Senate Passes Bill Mandating Coal Divestment for CalPERS, CalSTRS

Norway Pension Weighs Complete Coal Divestment, But Lawmakers May Force Fund’s Hand

Norway’s pension funds – collectively one of the largest asset managers in the world – has been weighing for months whether to divest from coal companies, and to what extent. But the country’s lawmakers might force the funds’ hand. Norway’s parliament on June 5 will decide whether to pass a mandate for the fund to … Continue reading Norway Pension Weighs Complete Coal Divestment, But Lawmakers May Force Fund’s Hand

CalPERS Takes No Position on Coal Divestment Legislation, But Prefers Engagement

CalPERS’ investment staff has spent some time studying the potential impact of legislation that could force the pension fund to divest from its coal holdings. They delivered their findings to the fund’s investment committee on Wednesday, and concluded that engagement – not divestment – is the best way to exert influence on energy companies. From … Continue reading CalPERS Takes No Position on Coal Divestment Legislation, But Prefers Engagement

CalSTRS Votes to Study Coal Divestment

CalSTRS’ investment staff will study the prospect of divesting from all thermal coal companies in the fund’s portfolio, according to a report from Pensions & Investments. The pension fund’s investment committee approved the study, which reportedly will last between four and eight months, on Friday. Divesting from coal is currently a hypothetical for CalSTRS, but … Continue reading CalSTRS Votes to Study Coal Divestment

San Francisco Pension Votes to Engage With Fossil Fuel Companies Over Climate Change; Next Step Could Be Divestment

The Board of the San Francisco Employees’ Retirement System (SFERS) voted Wednesday to begin engaging with the fossil fuel companies in which it invests. The vote opens the door for an eventual vote on divesting from fossil-fuel companies altogether – an idea that is sure to receive mixed reviews from board members and city officials. … Continue reading San Francisco Pension Votes to Engage With Fossil Fuel Companies Over Climate Change; Next Step Could Be Divestment

Fossil Fuel Divestment Put to Vote At Dutch Pension Funds

The members of six Dutch pension funds will vote on whether $35 billion in fund assets should be divested from coal, oil and gas investments. Divestment advocates filed a resolution Monday asking the six funds to sell off their fossil fuel investments by 2018, and to use shareholder power to encourage energy companies to use … Continue reading Fossil Fuel Divestment Put to Vote At Dutch Pension Funds

An Oil Executive’s Take on Fossil Fuel Divestment

Pension360 has extensively covered the controversy around fossil fuel divestment – even organizations committed to sustainable investing are split on whether pension funds should divest from fossil fuel assets. But it’s interesting to hear the take of a oil executive. The Financial Times asked Nigel Costeloe of North Country Energy for his opinion on fossil … Continue reading An Oil Executive’s Take on Fossil Fuel Divestment

Sustainable Investing Experts Weigh In On Fossil Fuel Divestment; Is Engagement A Better Strategy?

Different pension funds have different opinions on how climate change should affect investment strategy. Some, like Norway’s largest pension, are willing to divest from certain fossil fuels entirely. Others, like CalPERS, prefer to use their leverage as major shareholders to engage with companies rather than divest. Many others cite their fiduciary duties to pensioners as … Continue reading Sustainable Investing Experts Weigh In On Fossil Fuel Divestment; Is Engagement A Better Strategy?

CalPERS, CalSTRS Responds To Push For Coal Divestment

California Senate President Kevin de León said on Monday he would introduce a bill in 2015 that would require CalPERS and CalSTRS to divest from coal-related investments. CalPERS was the first of the funds to publicly respond to the bill. Summarized by Chief Investment Officer magazine: CalPERS responded strongly to the proposal, stating that “we … Continue reading CalPERS, CalSTRS Responds To Push For Coal Divestment


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