Costs Of Fossil Fuel Divestment – Billions Of Dollars For Endowment Funds

Costs Of Fossil Fuel Divestment – Billions Of Dollars For Endowment Funds l Value Walk

by VW staff, June 1, 2016

The “Frictional Costs Of Fossil Fuel Divestment” report, authored by Prof. Bessembinder of the W.P. Carey School of Business at Arizona State University, looks at the financial impacts of divestment from fossil fuels on endowments and pension funds.  Prof. Bessembinder, who also serves as managing editor of the Journal of Financial and Quantitative Analysis, looks at the costs related to executing often-complicated transactions and then actively managing an endowment to ensure it remains compliant with ever-changing definitions of what it means to actually be “fossil-free.”