divestment

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Inside NYC's Billions-Dollar Salvo Against Oil

Says it'll divest $5B from its pension funds, and wants billions more from 5 key players

(Newser) - New York City is putting its money where its mouth is in a fight against "greed"-driven fossil fuel companies. In a move that the New York Times describes as designed to give Mayor Bill de Blasio chops as a climate-change leader (and one made in front of a... More »

Presbyterians Divest From 3 Big Companies Over Israel

Church says H-P, Motorola, Caterpillar help build settlements

(Newser) - The biggest Presbyterian denomination in the US made headlines last night by voting to divest from three big companies it says help Israel oppress Palestinians, reports Religion News Service . Presbyterian Church USA will sell its stock in Caterpillar, Hewlett-Packard, and Motorola Solutions because it says Israel uses their products in... More »

Weak Dollar Scaring Off Foreign Funds

US policy has big China, Gulf spenders looking to divest

(Newser) - With the dollar declining and US economic outlook uncertain, some large sovereign wealth funds are looking to cut down on greenbacks, the Financial Times reports. One such Persian Gulf fund has cut its dollar-denominated investments from 80% to 60%, and China’s State Administration of Foreign Exchange is aggressively exploring... More »

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