MINNESOTA DIVESTMENT COALITION BRIEFING TO THE SBI MAY/JUNE 2022 Why now is the time to sell fossil fuel stocks. Fossil fuel stocks used to be in the large cap category of stocks intended to bring stability and reliable returns to a portfolio. For the past 10 years, fossil fuel stocks haven’t performed in this manner …
Minnesota Divestment Coalition APRIL 2022 BRIEFING TO THE SBI This Briefing will look at (1) the Securities and Exchange Commission’s draft proposal; and (2) The problem with fossil fuel companies and carbon capture. The SBI should weigh in on the Securities and Exchange Commission’s (SEC) proposed rule (S7-13-22). A draft proposal by the Securities and …
The Minnesota Divestment Coalition recognizes the State Board of Investment for taking climate change seriously and issuing the Meketa Capital Markets Outlook and Risk Metrics Report at the February 24th SBI meeting. This shows a genuine commitment to reviewing the climate risks of portfolio investments. That said, we hope that the next report contains a …
MINNESOTA DIVESTMENT COALITION – February 2022 Briefing to the SBI 1. Recommended due diligence procedures for private equity investment decisions. Almost 25% of SBI holdings are in private equity companies such as KKR and Blackrock. Investments in private equity industries differ in a very important way from investments in publicly traded companies – once the …
Scenario Unfolding: Continued fossil fuel investing amid greenwashing leads to market crash This briefing focuses on (1) A statement from the SEC Commissioner regarding corporations misleading shareholders about their climate actions; (2) the findings of the Climate Safe Pensions Report, and (3) a Bloomberg News article about “Wall Street’s $22 Trillion Carbon Time Bomb.” 1) …
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MINNESOTA DIVESTMENT COALITION – October 2021 Briefing to the SBI This monthly update highlights global action on fossil fuel divestment and serves to inspire MN State Board of Investment Members to take urgent action to protect our investments and stop climate change. As stated in the Minnesota Divestment Coalition’s September briefing to the SBI, we believe …
2021-09-MN-DIVESTMENT-COALITION-BRIEFING-to the SBI Shareholder Engagement: A license to fuel rather than fight climate change This monthly update highlights global action on fossil fuel divestment and serves to inspire MN State Board of Investment Members to take urgent action to protect our investments and stop climate change. The Minnesota State Board of Investment (MSBI) published a …
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MINNESOTA DIVESTMENT COALITION AUGUST 2021 BRIEFING TO THE SBI This monthly update highlights global action on fossil fuel divestment and serves to inspire MN State Board of Investment Members to take urgent action to protect our investments and stop climate change. At the May 26, 2021, State Board of Investment (SBI) meeting, board members approved …
Read more “August Briefing 2021 – Private Equity Funds within the SBI Portfolio”
MINNESOTA DIVESTMENT COALITION – July 2021 Briefing to the SBI This monthly update highlights global action on fossil fuel divestment and serves to inspire MN State Board of Investment Members to take urgent action to protect our investments and stop climate change. In June 2021, Maine became the first state to pass legislation that bans …
Read more “July Briefing 2021 – Maine passes a bill to divest state investments from fossil fuels”
MINNESOTA DIVESTMENT COALITION – JUNE 2021 BRIEFING TO THE STATE BOARD OF INVESTMENT This monthly update highlights global action on fossil fuel divestment and serves to inspire MN State Board of Investment Members to take urgent action to protect our investments and stop climate change. IEA Report calls for phasing out new fossil fuel plants …
Read more “June 2021 Briefing – IEA Report calls for phasing out new fossil fuel plants”