Divestment means the process of selling or getting rid of stocks, investments, or assets in order to remove ownership or financial involvement with a particular company, industry, or cause. It is typically done for ethical, environmental, or political reasons.
Full definition
As part of
divestment of public sector entities, Finance Minister Arun Jaitley today said the government will merge three general insurance firms into one and subsequently list the entity on stock exchanges.
Toronto About Blog Milan Ilnyckyj is conducting research on pipeline resistance in the United States and Canada and writing his PhD dissertation on campus fossil fuel
divestment campaigns in Canada.
City authorities could shift billions of dollars from fossil fuel funds in latest victory for divestment movement
Currently, the group is working on fossil
fuel divestment of the OTPP, one of the largest and most successful money management funds in the world.
In a related On the Media segment, «The Guardian Gets Positive,» Bob Garfield examines the British paper's much - discussed campaign
for divestment from fossil fuels.
That math kicked off a widespread campaign of
divestment from fossil fuel stocks by universities, churches, and foundations.
Last summer, McKibben laid out his case for
divestment in Global Warming's Terrifying New Math, an article he wrote for Rolling Stone.
Representing more than 121,000 active members and 50,000 retirees, DC 37 considers environmental justice a union issue, and today's forum approached fossil fuel
divestment as a strategy to achieve climate justice.
The Global Catholic Climate Movement called it the biggest collective announcement of
divestment by Catholic organizations ever.
As the momentum keeps on building in the UK, we're aiming for over half of UK universities to have some kind of
divestment commitment by the end of 2018.
Raising
divestment target from at least US$ 10 billion to at least US$ 15 billion following strategic review.
Common initial comcerns
about divestment include that it is costly, complicated and requires investors to sacrifice returns.
Faith organizations, such as the United Church of Christ, the Episcopal Diocese of Massachusetts, and individual Unitarian Universalist congregations have also approved
divestment resolutions.
Companies will need to review their portfolios, reassess competitive core strengths and potentially look
at divestment of assets.
The Fossil Fuels
Divestment Act would end any investments in the 200 largest publicly traded companies that deal in coal, oil or natural gas.
As of today, over 850 institutions representing $ 6.1 trillion globally have
announced divestment commitments.
We've been stigmatizing the fossil fuel industry
through divestment for years and fighting for our communities — and we are winning.
The Guardian reports that this has been the fastest -
growing divestment movement in history, and almost $ 5.5 trillion in global assets has been divested thus far.
Some of the most bitter fighting has taken place in the University of California system, where nearly all of the student government councils have approved
divestment proposals.
Historical successful investments
include divestment of Dezima Pharma to Amgen for up to USD 1.55 billion in total deal value and in Acerta Pharma for up to USD 7 billion with a guaranteed payment of USD 4 billion.
Educate Together has raised concerns with the Department of Education and Skills (DES) in relation to the restriction of pupil intake of a number of Educate Together national schools opened between 2014 and 2016 under the Government's school patronage
divestment process.
More than 50 pension funds globally have now
made divestment commitments, moving millions out of the fossil fuel industry.
Copper producer Aditya Birla Minerals has flagged impairment charges in the range of $ 175 million to $ 225 million in its upcoming half - year financial report, resulting from mining set - backs, potential
asset divestments, and devaluation of its heap leach inventory.
New York, NY — Just one day before dozens of New Yorkers will take action at the New York City pension fund meeting calling for
full divestment from fossil fuels, actor and environmentalist Leonardo DiCaprio added his voice, calling on New York to step into its leadership and divest from fossil fuels.
Wolters Kluwer's Corsearch, the trademark and brand protection solutions firm, has announced a strategic alliance with INCOPRO to provide online brand protection services to brands and their advisers, although concurrently WK announced that it is exploring
potential divestment of the Corsearch business.
There are signs that the movement is gaining momentum, especially with last week's announcement that Norwegian Sovereign Wealth (oil) Fund has divested from a total of 22 companies — one of the biggest
divestment decisions to date.
Their complaints about Avodat have come at a time when the PCUSA has taken other steps that Jews have found offensive: Last year the church voted to
consider divestment from businesses in Israel that are deemed harmful to Palestinians.
Today, UCS has achieved nearly
complete divestment from fossil fuel companies, with no material change in risk or return objectives: Our stock holdings are now more than 98 percent fossil fuel — free.
They come at a vital time because for every major city like New York or Paris moving huge amounts of money and using their political power to take on Big Oil, we need dozens of
successful divestment campaigns on our campuses, and hundreds of grassroots organisers to win arguments in our communities.
However, in its latest annual report, Peabody Energy Corp., the largest private - sector coal company, cited
divestment efforts as a business risk.
When we clarified whether this amounted to a commitment to fossil fuel
divestment announcement and she replied «yes» and there was suddenly lots of clapping.
Thousands came together for Global
Divestment Mobilization to call on institutions and individuals to do what is necessary for climate action by divesting from fossil fuels.
The campaign for fossil fuel
divestment doesn't end once someone agrees to divest, Sophie Baumert, coordinator of the Glasgow University Climate Action Society, tells DeSmog UK.
Here is a post from Matthew Goodrich, a student
divestment organizer at Bowdoin College in Maine: The emblems of Bowdoin...
The single vote
against divestment came from a Bloomberg representative on the retirement board of trustees who said the mayor, a major gun - control advocate, doesn't believe in mixing politics and finance.
As ThinkProgress reports, «while the push for
divestment began originally as a grassroots campaign on college campuses, the movement has gone mainstream, with 80 percent of the divested funds coming from commercial investment funds or pensions.»
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