Resource: The Global Fossil Fuel Divestment and Clean Energy Investment Movement

Arabella Advisors, September 2018

Link to download

  • 28-page report
  • Best for: Providing an overview of the movement and its financial and social impact, both on colleges and more generally.
  • Covers: Growing success of the movement from mission-driven institutions, cultural institutions, insurance sector, and sovereign development funds; the increasing financial case for divestment from fiduciary duty to the rise of fossil-free investment products
  • This report can be given directly to administrators as is. It can be a strong appendix text to any proposal you might present. It also came out very recently, which is a plus.
  • For Arabella Advisors' December 2016 report, download here.

Important Quotes:

  • "In four years, assets committed to divestment have increased by 11,900 percent. Fossil fuel companies are listing divestment as a material risk factor in their annual reports and securities filings, and climate litigation around the world is deepening the risk for fiduciaries." (p. 25)

From this article from Philanthropy New York:

  • "[The report] found that assets under management by investors committed to divestment has increased 11,900 percent, from $52 billion four years to $6.24 trillion today. According to the report, the primary drivers behind that growth are insurance companies (more than $3 trillion under management), pension funds, and sovereign wealth funds. Ireland, which has an €8.9 billion ($10.4 billion) sovereign development fund, became the first country in the world to commit to divest its wealth fund from fossil fuels, while New York City, with $189 billion held in pension funds, is the largest city to date to do so."

  • "According to the study, the accelerating trend is fueled by a combination of ethical, financial, and fiduciary imperatives — including grassroots mobilization against fossil fuel projects and pipelines; the introduction of new fossil-free financial products; new analyses showing that investors can divest without jeopardizing their risk/return profiles; and the growing imperative faced by investors to manage their reputational risk and align themselves with the goals of the UN Paris Climate Agreement."

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