Burning land in Brazilian Cerrado

Financial Speculation Drives Massive Land Grabbing, Deforestation in Brazil’s Cerrado

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WASHINGTON — International speculation in farmland is contributing to a land grabbing crisis in Brazil’s Cerrado savannah, fueling record deforestation and displacing indigenous and traditional agrarian communities, according to a new report released November 19 as COP30, the United Nations Convention on Climate Change draws to a close in the Brazilian city of Belem.    The …

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TIAA-Divest! covered in Forbes – An interview with the author

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A few years ago, Cornell Professor of Natural Resources and the Environment Dr. Marianne Krasny asked a financial advisor to help her to move her TIAA retirement savings to environmentally friendly investments. He offered her two fund options. “I looked at them, and they still had all these things I hated,” she said. “But they were my …

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TIAA funds carbon criminal accused of fraud

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By Janet Pelley What kind of teachers would educate their students about the dangers of climate catastrophe while investing their pension savings in one of the biggest carbon polluters in the world? That is the moral dilemma faced by many participants of pension giant TIAA. The university educators pension fund is the world’s second-largest holder of …

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TIAA, World’s 5th Largest Holder of Coal Bonds, Evades Climate Accountability After Complaint by 800 Academic Clients

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PRI accountability mechanism fails, enables greenwashing by trillion dollar pension fund  December 12, 2022 New York – The Board of the UN-supported Principles for Responsible Investment (PRI) confirmed its decision to dismiss a complaint filed against the $1.2 trillion pension fund Teachers Insurance & Annuity Association (TIAA) by nearly 800 TIAA clients—faculty from a wide range of …

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TIAA-Divest In The News: Press Articles 2024 and Older

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July 3, 2024: AAUP approves proposal urging Penn faculty pension provider to divest from fossil fuels May 1, 2024: Teachers Protest Retirement Fund’s Fossil Fuel Investments and it’s Big Ten Basketball Tournament Sponsorships March 2024: Writers call TIAA out for sportswashing as it sponsors Big Ten basketball tournament. Penn State’s Daily Collegian: Big Ten Tournament Sponsor Veils Unethical …

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TIAA-Divest! Press Releases: 2020-Current

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June 17, 2024: THE AMERICAN ASSOCIATION OF UNIVERSITY PROFESSORS VOTES FOR FOSSIL FUEL DIVESTMENT (Washington, DC) Delegates at the June 15 meeting of the influential American Association of University Professors (AAUP) overwhelmingly voted to approve a sweeping proposal demanding that TIAA, Vanguard, Fidelity, and state pension boards divest fossil fuels from their funds.  This vote throws …

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American Association Of University Professors Votes For Fossil Fuel Divestment

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June 17, 2024: THE AMERICAN ASSOCIATION OF UNIVERSITY PROFESSORS VOTES FOR FOSSIL FUEL DIVESTMENT (Washington, DC) Delegates at the June 15 meeting of the influential American Association of University Professors (AAUP) overwhelmingly voted to approve a sweeping proposal demanding that TIAA, Vanguard, Fidelity, and state pension boards divest fossil fuels from their funds.  This vote throws …

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“Who’s behind the destruction of Brazil’s Cerrado?” Grist article highlights TIAA’s role in destruction of critical ecosystem.

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On Feb 28, Grist published an article by Sarah Sax and Mauricio Angelo called “Who’s Behind the Destruction of Brazil’s Cerrado?” The authors trace the sudden global land rush that drew investors to gobble up farmland after 2007, leading to massive deforestation and monocropping. The Cerrado, historically, has been rich in trees and shrubs with thick roots …

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Trillion-dollar pension fund TIAA faces climate-washing complaint brought by hundreds of professors and scientists

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New York, NY — Nearly 300 clients of the $1.2 trillion retirement giant TIAA filed a formal complaint today with the UN-sponsored Principles for Responsible Investment (PRI) initiative, alleging TIAA’s substantial investments in fossil fuels and deforestation violate TIAA’s climate pledges and commitment to the six Principles for Responsible Investment. TIAA participants, including the academics Bill McKibben, Michael Mann, Dipesh Chakrabaty, Ruth …

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