To date, most institutional investors – big banks, pension funds, university endowments – have rejected or deferred divestment proposals, and often cite fiduciary duty to their clients. After all, divesting from a profitable sector like oil and gas could hurt pensioners and universities more than oil companies.
NewsFebruary 3, 2020
Most institutional investors have rejected or deferred divestment proposals
To date, most institutional investors – big banks, pension funds, university endowments – have rejected or deferred divestment proposals, and often cite fiduciary duty to their clients. After all, divesting from a profitable sector like oil and gas…
