What gets me is the sheer volume of money being divested. $3.4T is no joke! Even Norway's sovereign wealth fund (the largest in the world)--based on oil profits--is divesting from coal...
Their sovereign fund is based on the fossil fuel, yet 1) their pension fund is divesting from fossil fuel 2) the sovereign fund has all kinds of ethical guidelines.
You can see their exclusion list here. It includes: Weapons, tobacco, human rights and environmental damage, and corruption. http://www.nbim.no/en/responsibility/exclusion-of-companies/