Pension funds and fossil fuels

He is also the director of the Extraenvi- ronmentalist Media Association, a not-for-profit The opinions and recommendations in this report, organization that produces podcasts, videos, and and any errors, are those of the authors, and do educational resources on energy, environment, not necessarily reflect the views of the funders and economics. [...] The opin- ions and recommendations in this report, and any errors, are those of the authors, and do not neces- sarily reflect the views of the publishers or funders. [...] In May 2015, the Church of England approved divest- ment of $20 million in tar sands oil and thermal coal.10 The World Council of Churches, the Unitarian Church, and the Church of Sweden have announced divestments. [...] Many more are discussing and debating the topic.11 In August 2015, the United Church of Canada agreed to sell off its holdings of the 200 largest fossil fuel com- panies, a divestment of $6 million (4.7% of its portfolio).12 The Rockefeller Brothers Fund delivered a particularly notable divestment, representing part of the vast Rocke- feller fortune garnered from Standard Oil’s dominance a century [...] In October 2014, the fund announced im- mediate divestment from tar sands and coal, gradual withdrawal from oil and gas, and investment of 10% of the endowment in clean energy.13 At the municipal level, San Francisco and Seattle have announced divestments, as has the city of Oxford, U. K. And Vancouver is engaging the B. C. Investment Management Corporation (which manages the province’s public sec