When institutional investors divest from fossil fuel companies does it have more than symbolic impact? Universities, pension funds and other asset managers have hopped on the divest–invest bandwagon. Critics say selling fossil fuel stocks just makes them cheaper for others to buy and doesn’t affect the financial health of oil and gas companies. Supporters say it’s a moral move that also makes financial sense because burning all the carbon on the balance sheets of listed energy companies will destroy human civilization as we know it.
What’s the bottom line on divestment? What should you do with your portfolio? Join a conversation about financing the transition to a cleaner economy with Brian Deese, global head of sustainable investing at Black Rock, Lori Keith, portfolio manager at Parnassus Investments, Pratima Rangarajan, CEO of the Oil and Gas Climate Initiative, and Anne Simpson, director of board governance & strategy at CalPERS.
This program is generously sponsored by Bank of the West.
Managing Director, Global Head of Sustainable Investing, BlackRock
Portfolio Manager, Parnassus Investments
CEO, Oil and Gas Climate Initiative
Director, Board Governance & Strategy, CalPERS
Founder and Host, Climate One
10 a.m. program (PDT)
The leading national forum open to all for the impartial discussion of public issues important to the membership, community and nation. The Commonwealth Club of California is the nation's oldest and largest public affairs forum. Each year, we bring nearly 500 events on topics ranging across politics, culture, society and the economy to more than 25,000 members and the public, both in-person and via an extensive online and on-air listenership and viewership.
San Francisco Headquarters
110 The Embarcadero
San Francisco, CA 94105
P.O. Box 194210
San Francisco, CA 94119–4210