Category Archives: Divestment

Divestment – poor investment advice

No single piece of financial advice is more widely accepted by academics and savvy investors than portfolio diversification to increase returns and manage risk. Divestment advocates typically assume that investors can exclude fossil-fuel stocks with little or no loss. One … Continue reading

Posted in Divestment | 13 Comments

Breaking up is hard to do

(HT: Mark Perry)

Posted in Divestment | 7 Comments

The ANU divestment saga continues: Sandfire Resources NL sues

One of the companies that was recommended for divestment by the Centre for Australian Ethical Research – you know the one that shares premises with the Australia Institute – is now suing. Good on them, I say.  Among other things, … Continue reading

Posted in Divestment, Education | 23 Comments

Divestment campaign now wanting to restrict political speech

It seems the divestment campaign isn’t going well in the US: CLIMATE CHANGE is our era’s defining challenge, but most of America’s universities are planning to sit this one out. Though students and faculty members at more than 400 colleges … Continue reading

Posted in Divestment | 9 Comments

The University of New South Wales on divestment

Yesterday UNSW Vice Chancellor Fred Hilmer sent staff this email: Dear colleagues At the University Council meeting on Monday 20 October we discussed our investment approach. The following statement summarises our position. “UNSW currently holds investments of about $50m in … Continue reading

Posted in Divestment | 31 Comments

… the cold steel of rationality.

Gary Johns goes very hard in the Australian this morning. Many more must join the fight, the first task of which is to name the enemy within — the killer priest, the ANU vice-chancellor and trustees, and scores of green … Continue reading

Posted in Divestment | 64 Comments

ANUgate update

The Australian has entered into the debate with a magnificent cartoon from Bill Leak and a longer piece by Paul Kelly. When Abbott issues a rallying cry it is unmistakable. And he ­issued such a cry this week. His ­aggressive … Continue reading

Posted in Divestment, Education | 146 Comments

What I actually said

Here is Simon Cowan paraphrasing me: Nor can I agree with Sinclair Davidson’s claim that the ANU is trashing the domestic economy or placing the livelihoods of thousands of Australians at risk on a whim. If the ANU had the … Continue reading

Posted in Divestment | 7 Comments

What they said: Divestment edition

John Hewson – Preofessor (sic) at ANU: These Vice Chancellors and their investment officers are trusted with this money that doesn’t belong to them – they have a duty to avert the risks to that money posed by climate change. … Continue reading

Posted in Divestment, Education | 29 Comments

The webs they weave

The AFR are now looking at the linkages between the Greens, the Australia Institute, CAER and the ANU. That graphic is missing a feedback loop – John Hewson holds a Honorary Professorial Fellowship at the ANU and is himself an … Continue reading

Posted in Divestment | 53 Comments