Tag Archives | oil

divesting-tobacco

Tobacco Investments: CalPERS Webinar

Tobacco Investments Update Apparently, CalPERS sent invitations out on 9/27, 10/6 and 10/13 to about 400 people. Although I am on mailing lists for press and rulemaking, I wasn’t on the “stakeholders” mailing list. That has now been corrected going forward.  The webinar was brief. CalPERS Chief Operating Officer Wylie Tollette reviewed CalPERS’ prior tobacco divestment actions, […]

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Plundered Nations? Successes and Failures in Natural Resource Extraction

Rethink Resource Extraction

Norway’s Resource Extraction The Government Pension Fund Global (Norges, the Norwegian sovereign wealth fund), is one of the world’s largest funds initially funded by resource extraction.  Learn about its history, objective and management in the video clip below. The fund is saving for the future generations in Norway; where is the American equivalent? To achieve broad […]

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Influence Map to Disclose Climate Lobbying

Investors to Oil: Disclose Climate Lobbying

Disclose Climate Lobbying: Resolutions Filed at Oil and Gas Companies Encouraged by the forward‐looking actions addressing climate change at the Paris Climate Conference (COP21) in December, investors have filed shareholder resolutions at 11 oil and gas companies asking them to disclose climate lobbying activities. The resolutions urge the companies to fully disclose their lobbying activities and […]

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anti-fracking-march

Bay Area Workers/Unions Unwittingly Finance Fracking Boom

Bay Area workers and unions are increasingly joining the climate justice movement, but their pension funds have been quietly investing in the oil and natural gas boom. Deep in the heart of Texas, the oil industry is still going strong. Take Navitas Midstream, a private corporation that specializes in transporting fossil fuels. Navitas is currently […]

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Shell ‘Welcomes’ Resolution on Climate Change

The Local Authority Pension Fund Forum (LAPFF) recently welcomed the decision by Royal Dutch Shell’s Board of Directors to recommend support for the ‘Aiming for A’ shareholder resolution submitted by a coalition of shareholders including the Forum, CCLA, Rathbone Greenbank Investments and the Church Investors Group. In a letter to the investor coalition advising of […]

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Conversion: Fossil Free Endowments

About a month ago, I posted a piece aimed at getting students and alumni at Harvard (and hopefully at other universities) to advocate for more democratic endowments. In my zeal to focus on endowment governance, I was far too dismissive of the movement at Harvard and hundreds of universities to divest of fossil fuels. While […]

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