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Sometimes divesting from a business makes more sense when looked at with a decade of hindsight.
When AXA pioneered divesting from the coal sector in May 2015, several major insurance companies followed suit.
The announcement follows similar moves by Wells Fargo and U.S. Bank, which told The Washington Post they are in the process of divesting from the private detention sector.
His remark about pension pots refers to a separate move by the government to stop publicly funded organisations boycotting companies they consider unethical by divesting from pension investments in sectors such as fossil fuels or arms.
There is increasing talk by organisations with pension funds to divest from sectors which cause global warming in the light of a wider debate about "stranded assets".
Combating climate change: is divesting from fossil fuel companies a good idea?
No matter what amount of money is in one's retirement fund, divesting from gun companies makes a difference.
Existing research programs are lagging behind the growing need, with many pharmaceutical companies divesting from neuropsychiatric research, leaving a drought in the drug development pipeline.
This September, the Rockefeller Brother's Fund announced they would be divesting from fossil fuels, dealing an iconic blow to Big Oil.
During the event, panelists discussed the pros and cons of divesting from fossil fuel stocks as a strategy for fighting climate change.
That agenda includes divesting from major banks that have played a role in the nation's foreclosure crisis.
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CEO of Professional Science Editing for Scientists @ prosciediting.com