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The City of Copenhagen will pull its investments out of coal, oil and gas companies. The city council have agreed to divest the fossil fuel holdings of the city’s €920 million investment fund
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"Copenhagen decided to ban investments in companies that gain more than 5 percent of their revenue from coal, oil and gas. The criteria apply to companies that engage in prospecting, extracting or refining coal, oil and gas..."
— Cities Today
Good work Danes! For other urban efforts to curb our collective fossil fuel addiction, check out these links:What the Paris Agreement means for architectureBritain's last deep-pit coal mine closes — the end of the industrial revolution?The climate is getting hotter, and we're not... View full entry
Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...]
Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services.
— the Nation
"The time has come for students to connect the dots between ballooning student debt, the poor treatment of campus workers, and the obscene wealth of hedge fund oligarchs."A rallying cry for a divestment movement to oppose hedge funds and their involvement with academia, the article discusses the... View full entry
