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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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Texas Adds NatWest to Divestment List for “Boycotting” Energy Companies

ESG Today

UK-based financial services group NatWest has been added to a list of financial companies published by the Texas Comptroller’s office that may be subject to divestment by the state’s pension funds for “boycotting” oil and gas companies. Energy Information Administration (EIA). Texas is the largest net energy supplier in the U.S.,

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Kentucky Warns JPMorgan, BlackRock, Citi of Divestment for “Boycotting Energy Companies”

ESG Today

JPMorgan Chase, BlackRock and Citigroup were among a list of financial companies informed that they face potential divestment by Kentucky state government entities unless they stop “boycotting energy companies,” according to a statement released Tuesday by Kentucky State Treasurer Allison Ball.

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Report: Meet the top 200 companies investing in a clean energy future

Corporate Knights

for more information. Information Technology 48. Cement carbon laggards Companies in the cement industry that were divested by NBIM. Prisons Company is recommended for divestment by the Investigate project of the American Friends Service Committee. 1 Apple Inc United States Information Technology. Industrials 57.

Net Zero 360
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Responsible-investing trailblazer awarded Order of Canada

Corporate Knights

Over time, TCCR and other NGOs pressed for maximizing the access of shareholders and other stakeholders to information, shifting the emphasis from corporate responsibility to social accountability. The role of investors in improving access to verifiable information is also critical. Both divestment and shareholder action have a role.

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Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

MAS Managing Director Ravi Menon said: “Indiscriminate divestment from carbon-intensive activities will not get us to a net-zero world. According to MAS, withdrawing financing, insurance or investment from higher climate risk-exposed companies with credible transition plans could deprive them of the financing needed to decarbonize.

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Why this investor advocate quit filing oil and gas shareholder proposals

Corporate Knights

Nearly all of these major investors say that they are “engaging” with high-carbon investees in their portfolios in order to advance net-zero, setting this up as a binary choice against divestment. In this way, engagement and divestment are not binary choices but complementary steps along a continuum, designed to be effective.

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