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Expanding Divestment: University-Sponsored Defined Contribution Plans

The fossil fuel divestment movement has gained significant momentum across college campuses thanks to organizations like 350.org. On Monday, January 12, 300 Stanford University faculty members called for the divestment of fossil fuel companies from the endowment investment portfolio. While divestment calls have mostly targeted university endowment pools, we have started to see calls by university faculty to provide fossil free investment choices...

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Some Observations on Global Divestment Day 2015

The Debate Global Divestment Day is being marked around the world on February 13 and 14. Not unexpectedly, a vigorous debate around the merits of divestment has emerged. We believe that this debate is a positive sign, for it demonstrates the wide range of individuals and organizations who are engaged in the conversation. In any debate, however, it's important to stick to relevant facts. Throughout the course of February, some flawed but...

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Announcing The Carbon Underground 200TM 2015 Edition

We’re pleased to announce that today, to mark Global Divestment Day, we released an updated version of The Carbon Underground 200, our trademark list of top 200 public coal, oil, and gas companies. The list is publicly available on our website, on its own and as part of our updated report, The Carbon Underground 2015: The World’s Top 200 Public Fossil Fuel Companies Ranked by the Carbon Content of their Fossil Fuel Reserves. Our research...

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A Flawed Argument Against Fossil Fuel Divestment

Research Brief Series An often-stated misconception about fossil fuel divestment is that divestment must entail a sacrifice of returns and an increase in risk. This belief is not supported under examination of recent experience or the specifics of the stranded asset risk argument. The belief about the negative impact of divestment on risk and return is not a fact. It isn't even a generally shared belief. This belief does not objectively...

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Thoughts on the 2014 Performance of the FFIUS

Research Brief Series In the year just ended, the Fossil Free Indexes US (FFIUS) outperformed the S&P 500 by about 1.5%. This is a strikingly large number, when you consider that less than 10% of the market capitalization of the S&P 500 is in companies that are part of The Carbon Underground 200 (CU200) and, therefore, excluded from the FFIUS. This outperformance illustrates the value of an investment strategy that is carbon-aware....

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