Fossil Fuel Divestment and Public Pension Funds

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Title:  Fossil Fuel Divestment and Public Pension Funds

Author:  Prof. Daniel R. Fischel, Christopher R. Fiore, Todd D. Kendall

Publisher:  Compass Lexecon

Date: June 2017

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Based on wellaccepted economic theory and the academic literature studying previous divestment attempts, the study concluded that fossil fuel divestment has minimal or no environmental impact because it is highly unlikely to affect the production or distribution of fossil fuels on the part of targeted companies. Moreover, not only is fossil fuel divestment ineffective, it is also costly to investors.

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