Berit Hefti and Dakota Alliances

government pension fund: Many other organizations have made similar moves in past years, according to CBC. Concordia University in Montreal launched a $5-million fund dedicated to divestment, social and ethical investing. The country has confirmed that its hefty $900-billion government pension fund, considered the largest sovereign wealth fund in the world, will purge some of its fossil fuel stocks. Stanford University in California pledged not to make direct investments in companies whose principal business is coal for energy. But in Canada, divestiture may not be the best method of promoting renewable energy development. The Rockefeller Brothers Fund pledged to reduce investments in coal and the oilsands projects to less than one per cent of its portfolio. (news.financializer.com). As reported in the news.