The Case for Divestment in Somerville: A Summary
Institutional Pathways to Fossil-Free Investing: Endowment Management in a Warming World by Joshua Humphreys, Tellus Institute, May 2013
Fossil Fuel Divestment Report for the Seattle City
Employees Retirement System by Alex Lenferna, 350Seattle and Divest UW, October 2014.
On the seriousness and urgency of climate change and the moral reasons to divest
Global Warming’s Terrifying New Math by Bill McKibben, Rolling Stone, July 2012.
A striking and straightforward article on the seriousness of the situation we face and the danger posed by the fossil fuel industry.
Do The Math. Documentary by 350.org.
Similar to the article above, but as a documentary film.
U.N. Panel Issues Its Starkest Warning Yet on Global Warming, a recent New York Times article by Justin Gillis.
This is a summary of the most recent IPCC report representing the global scientific consensus on climate change.
Rising sea level a threat to East, a recent article in the Boston Globe by David Abel.
An article on why the Northeast is particularly at risk from climate change.
On the fossil fuel lobby: How the fossil fuel industry blocks a sustainable future
How the oil lobby greases Washington’s wheels, by Dan Froomkin, Huffington Post.
Fossil fuel funding to congress: Industry influence in the US, Oil Change International.
On the financial risks of divesting and not divesting
For a summary of financial studies of divestment, see our document “Will fossil fuel divestment hurt my pension?”.
The Carbon Bubble and Long-Term Risks of Fossil Fuel Investments
Carbon bubble will plunge the world into another financial crisis – report by Damian Carrington, The Guardian.
A general summary of the Carbon Tracker Institute reports. “Every pension fund manager needs to ask themselves have we incorporated climate change and carbon risk into our investment strategy? If the answer is no, they need to start to now.”
Unburnable Carbon – Are the World’s Financial Markets Carrying a Carbon Bubble? by Carbon Tracker & The Grantham Institute, LSE
This seminal report was the first in depth study of the carbon bubble.
Unburnable Carbon 2013: Wasted Capital and Stranded Assets by Carbon Tracker Institute.
A follow-up to the above study
Oil and Investor Risk by Oil Change International.
Studies of the risks to investors posed by the fossil fuel industry’s turn toward more extreme (and less profitable) deposits, such as fracked natural gas and tar sands oil
Market Studies on the Short-Term Impacts of Divestment
Do the Investment Math: Building a Carbon-Free Portfolio by Patrick, Geddes, Aperio Group.
This paper reports a market study showing minimal risk of divestment. It also shows that in a historical back-test, a fossil free fund outperformed a traditional fund in 73% of years since 1997.
Building a Carbon-Free Equity Portfolio by Patrick Geddes et al., Aperio Group.
This paper is an expanded market study with the same conclusions as above.
The Impact of Carbon Underground 200 Divestment on Financial Risk by Aperio Group.
Assessing the risk of divesting specifically from the top 200 fossil fuel companies
Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divestment by IMPAX Asset Management.
This study shows that a fossil fuel free fund outperforms a fund with fossil fuel stocks over the last 7 years and suggests that “investors should consider reorienting their portfolios towards low carbon energy by replacing fossil fuel stocks with energy efficiency and renewable energy investments.”
Responding to the Call for Fossil-Free Portfolios by MSCI.
This report from a leading investment analysis firm showed that a fossil fuel free fund outperformed a fund including fossil fuel stocks over the last 1, 3, and 5 years. They also conclude that “fossil fuel divestment has the potential to reduce overall portfolio risk because of Energy Sector volatility.”
Massachusetts Senate Bill 1225: An Act Relative to Public Investment in Fossil Fuels, presently referred to Joint Committee on Public Service