(Earth Journalism Network) EJN is offering reporting grants to Indigenous journalists to support the production of in-depth environmental stories that call attention to climate justice, biodiversity, sustainable ecosystems, Indigenous sovereignty and leadership, and other issues related to the rights and well-being
SEARCH RESULTS FOR "divest"
Back TO HOMEBrazil Eyes Tax Perks for Energy Sector, Sparking 'Green' vs Oil Debate
by Marcela Ayres (Reuters) Brazil's government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a "green" agenda or include oil projects and refineries, according to a senior official
August 31, 2023 Read Full Article
NextEra to Swap Gas Pipelines for Renewables and Green Hydrogen
by Janet Wood (WindPower Monthly) Florida-headquartered NextEra Energy Partners has announced plans to divest its natural gas pipeline assets in order to invest up to $20 billion in green hydrogen and renewable energy. READ MORE NextEra Energy Partners, LP announces plan
May 31, 2023 Read Full Article
Evonik Sells Lülsdorf Site to ICIG Marking 1st Step in Divestment of Performance-Materials Division
(Evonik/Biobased Diesel Daily) Chemical company and biodiesel-catalyst manufacturer Evonik Corp. is selling its site in Lülsdorf, Germany, and the associated cyanuric-chloride business in Wesseling, Germany, to International Chemical Investors Group of Luxembourg. ... In conjunction with the divestment of this site, Evonik is
April 11, 2023 Read Full Article
Investors Urge European Banks to End New Oil and Gas Financing
by Tommy Wilkes (Reuters) European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said
February 10, 2023 Read Full Article
The Biofuels Oil Rush
(World Bio Market Insights) With big oil moving into biofuels, Shell is one to watch. -- ... From another angle, biofuels are an already-lucrative global commodity attracting attention from some of the biggest corporate entities in the world: oil majors. The oil
January 19, 2023 Read Full Article
Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress toward International Climate Goals, According to New Analysis from OECD and IEA
(International Energy Agency) Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance longstanding pledges to phase out inefficient fossil fuel subsidies with efforts to protect households from surging
September 01, 2022 Read Full Article
Suncor Energy Strengthens Its Focus on Hydrogen and Renewable Fuels for Energy Expansion
(Suncor) In addition to driving shareholder returns through its core business, Suncor (TSX: SU) (NYSE: SU) will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Optimizing the portfolio
April 06, 2022 Read Full Article
On a High Note: San Diego County Divests From Fossil Fuels
by Natasha Lasky (World War Zero) San Diego County has decided to divest its $13 billion investment portfolio from "any corporation that engages in the exploration, production, drilling, or refining of coal, petroleum, or natural gas." The board suggests that this move is not just
March 07, 2022 Read Full Article
The Youth Movement Trying to Revolutionize Climate Politics
by Andrew Marantz (The New Yorker) ... “The biggest driver of emissions is . . .” The others joined him, in unison: “. . . the political power of the fossil-fuel industry, not individual behavior.” In other words, if you want the beef, get the beef. During
March 02, 2022 Read Full Article
EXCLUSIVE New York Pension Fund to Divest Half Its Shale Companies
by Ross Kerber (Reuters) ... "To protect the state pension fund, we are restricting investments in companies that we believe are unprepared to adapt to a low-carbon future," (New York Comptroller Thomas) DiNapoli said in a statement sent by a
February 11, 2022 Read Full Article
Protests Pay Off: Students Win Long Climate Change Campaign
by Bella Carpentier (Minnesota Daily/Associated Press) After years of pressure from student groups and numerous resolutions passed within the University of Minnesota’s Minnesota Student Association (MSA), the University recently announced plans to fully divest from fossil fuels in the next five
December 06, 2021 Read Full Article
With First Official Ordinance, Mayor Wu Divests Boston from Fossil Fuels
by Sabrina Shankman (Boston Globe) Mayor Michelle Wu of Boston signed a measure to divest city funds from the fossil fuel industry on Monday, adding Boston to the small number of major US cities that have taken the step to combat
November 29, 2021 Read Full Article
Global Energy Storage Buys Part of Gunvor’s Stargate Terminal Assets in Rotterdam
by Lucas Santucci (Biofuels Digest) In the Netherlands, Global Energy Storage announced its first major investment at Europoort in the Port of Rotterdam by buying an interest in part of the assets of the Stargate Terminal from Gunvor Group and will
November 12, 2021 Read Full Article
There at the Beginning: Kelly Davis
by Ken Colombini (Renewable Fuels Association) Three cities straddle the curve at the very south of Ohio: Huntington, W.Va.; South Point, Ohio; and Ashland, Ky. To Kelly Davis, this confluence of the Big Sandy River into the Ohio is not only home, but
November 09, 2021 Read Full Article
U.S. DOE Announces $199 Million to Reduce Emissions from Cars & Trucks
(U.S. Department of Energy/Clean Technica) 25 Research, Development, and Demonstration Projects Will Advance Electrification of Freight Trucks, Reduce Vehicle Emissions and Improve Electric Vehicle Charging Infrastructure -- Vice President Kamala Harris joined U.S. Secretary of Energy Jennifer M. Granholm in New
November 04, 2021 Read Full Article
U.S. Agrees to End Fossil Fuel Financing Abroad
by Sara Schonhardt (E&E News) The United States committed today with other countries to stop financing fossil fuel projects abroad by the end of next year, in a seismic shift that could stem the construction of natural gas and oil facilities
November 04, 2021 Read Full Article
Greenpeace Calls for End to Carbon Offsets
by Alessandra Prentice (Reuters) Carbon offsets are allowing the world's biggest polluters to forge ahead with business plans that are threatening global climate goals, the head of Greenpeace International said in an interview. The model allows polluting companies to offset their emissions
October 07, 2021 Read Full Article
Anglo American Completes First Maritime Biofuel Trial towards Decarbonizing Ocean Freight
(Anglo American) Anglo American has successfully trialled the use of sustainable biofuel to power a chartered capesize ship during a voyage from Singapore to South Africa. The biodiesel blend, produced by converting waste cooking oil from Singapore’s food and beverage industry,
June 30, 2021 Read Full Article
Oil Producers to Make Record Profits This Year, Report Says
by Kevin Crowley (Bloomberg News) The world’s publicly traded independent oil producers will make record profits this year, surpassing the levels reached when crude hit an all-time high near US$150 a barrel more than a decade ago, according to Rystad Energy. Combined
June 24, 2021 Read Full Article
Investing in Palm Biofuels Gets a RED Card from Brussels
(Palm Oil Monitor) Last week the Commission released its ‘Climate Taxonomy’ document. Basically, this is a new set of regulations that determine whether an investment by an EU bank or institution can be considered ‘climate friendly’. This regulation has been in train for some
June 21, 2021 Read Full Article
Dutch/Swedish Consortium Gets Go ahead to Continue Study on Production of Sustainable Aviation Fuel from Forestry Residues in Sweden
(SkyNRG) Today the Swedish Energy Agency announced it will grant funds to KLM Royal Dutch Airlines, Södra, Växjö Energi, SkyNRG, RISE Research Institutes of Sweden and 2030-sekretariatet to continue their research on the development of production of Sustainable Aviation Fuel (SAF)
June 18, 2021 Read Full Article
Maine $17B Pension Fund Directed to Divest from Fossil Fuels
by Harun Asad (Environment & Energy Leader) In a U.S. first, the state of Maine has passed legislation – bill LD99 – directing the $17 billion Maine Public Employee Retirement System (PERS) to divest $1.3 billion from fossil fuels within 5 years and
June 11, 2021 Read Full Article
G7’s Green Recovery: Promises Kept? The G7 Countries Have Spent More on Fossil Fuels than Clean Energy
by Ashira Morris (Our Daily Planet) The G7 countries have spent more on fossil fuels than clean energy since last March, a new study led by the non-profit Tearfund shows. The seven countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) from
June 03, 2021 Read Full Article
Vertex Energy to Acquire Alabama Refinery and Related Logistics Assets
(Vertex Energy/IRDirect.net) Vertex to acquire 100% of Mobile Chemical LP Refinery; Transforms Vertex into a Leading Independent Refiner of Renewable and Conventional Products; Multi-phase Renewable Diesel Project to Drive Superior "Clean Refining" Economics; Anticipate $3 billion in Annual Revenue and
May 28, 2021 Read Full Article
Banks Poured $3.8B into Fossil Fuel Companies since Paris Agreement
by Natasha Lasky (Our Daily Planet) A new report, published Wednesday found that the world’s largest commercial and investment banks have altogether put $3.8 trillion into fossil fuels from 2016 to 2020. This report — a collaboration between the Rainforest Action Network, Bank Track,
March 25, 2021 Read Full Article
Infrastructure Bill Can Bring Us Closer to E15 Standard
by Timothy J. Rudnicki (Minnesota Bio-Fuels Association) In the past few weeks, we have been working with state lawmakers to advance a bill that would provide partial funding for fuel retailers to make the necessary infrastructure upgrades to offer E15. This
January 29, 2021 Read Full Article
Oil and Gas Sector ‘to Boost Clean Energy Investments’
(ReNewsBiz) 57% of senior industry executives surveyed by DNV GL plan to increase funding for renewables -- The oil and gas industry expects to boost investment in renewables and cleaner energy in 2021, as companies seek to transform for the long
January 26, 2021 Read Full Article
The Digest’s Top 10 Advanced Bioeconomy Markets and Predictions for 2021
by Jim Lane (Biofuels Digest) A mere “The Year in Rewind” as we sail into 2021? Not the good ship Digest! Instead, we dust off our crystal ball and offer our predictions for the year ahead. As the sunset of 2020
January 06, 2021 Read Full Article
Trump's Unplanned Gift to Biden: Clean Energy on the Rise
by Ben Lefebvre and Kelsey Tamborrino (Politico) ... Biden is expected to speed the adoption of electric vehicles and boost power line transmission networks that will open up new opportunities for renewable power generators, analysts said. ... But the situation for fossil fuels
December 29, 2020 Read Full Article
Dalai Lama Joins Pope as Religious Leaders Campaigning against Climate Change
by Natasha Lasky (Our Daily Planet) In an interview with Channel 4 News and the Guardian, the Dalai Lama put out a call to action to fight climate change. He urged world leaders to take immediate action, emphasizing that the effects of
November 13, 2020 Read Full Article
Biden Sets Agency Transition Teams
by Kelsey Tamborrino (Politico's Morning Energy) — The Biden transition named members of the teams that will guide the transfer of power inside federal agencies. — World leaders piled on the congratulations to President-elect Joe Biden this week, with many pledging to
November 12, 2020 Read Full Article
Disclosing the Gap: More Companies Are Reporting Their Climate Risks
by Kelsey Tamborrino (Politico's Morning Energy) More companies are reporting their climate risks, corporate governance on climate change and greenhouse gas emissions and targets, according to an annual update of the Task-force for Climate-related Financial Disclosures. But just one in 15
October 29, 2020 Read Full Article
Exclusive: Shell Launches Major Cost-Cutting Drive to Prepare for Energy Transition
by Ron Bousso (Reuters) Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy
September 22, 2020 Read Full Article
Big Oil’s Green Makeover: Can BP Master New Disruptive Technologies or Will It Go the Way of Typewriter Makers?
by Steven Mufson (Washington Post) ... BP, one of the world’s largest oil and gas companies, is aiming to ride the waves of disruption instead of being crushed under them. Led by a new chief executive, BP is trying to reinvent
September 17, 2020 Read Full Article
PODCASTS: DITCHED: Fossil Fuels, Money Flows and the Greening of Finance --- Mondays through September 2020
(Political Climate) You may have seen the headlines about universities ditching their fossil fuel investments. Or perhaps you saw the news that BlackRock, one of the world’s largest financial firms, is getting out of coal and putting climate change at the
September 11, 2020 Read Full Article
Follow the Money: The Digest’s 2020 Multi-Slide Guide to Industrial Bioeconomy Revolution
by Jim Lane (Biofuels Digest) Will Canada transform? Or stand on the sidelines?That’s the question asked by Jeff Passmore, CEO of Passmore Group who shared this illuminating “Follow the Money” slide guide that asks how tenable is fossil fuel’s future?
August 24, 2020 Read Full Article
Ubrabio’s Biodiesel Week Discussed the Production, Regulation and Trade of Biodiesel and Biojet
by Helton Chaves* (Federal University of Goiás/Advanced Biofuels USA) The Brazilian Union of Biodiesel and Biojetfuel (Ubrabio) and the Brazilian Agricultural Research Corporation held between August 10th and 14th the first Biodiesel Week, an event promoting the International Biodiesel Day,
August 20, 2020 Read Full Article
DEALing in: The NewDEAL, a National Network of Progressive State and Local Elected Officials, Unveiled Its Own Climate Policy Agenda
by Kelsey Tamborrino (Politico's Morning Energy) DEALing in: The NewDEAL, a national network of progressive state and local elected officials, unveiled its own climate policy agenda this morning. The report focuses on how state and local officials can reduce emissions and
August 17, 2020 Read Full Article
Exxon Inks 525 Million Gallon, 5-Year Renewable Diesel Offtake Deal with Global Clean Energy Holdings
by Jim Lane (Biofuels Digest) In Texas, ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 105 million gallons of renewable diesel per year for five years from a converted California refinery starting in 2022. The strike price
August 12, 2020 Read Full Article
Wall Street Giants Plan More Active Role in Climate Fight
by Amy Harder (Axios) Four of America’s biggest banks are backing a new nonprofit initiative to leverage the financial sector toward achieving climate-change goals. Driving the news: The Rocky Mountain Institute (RMI) is launching a center focused on climate that will be supported
July 10, 2020 Read Full Article
George Washington University to Fully Divest from Fossil Fuels by 2025
by Gabby Birenbaum (The Hill) George Washington University on Monday became the latest U.S. school to announce it will fully divest its endowment from fossil fuel holdings. The board of trustees pledged to achieve full divestment by 2025 and carbon neutrality by 2030, in
June 30, 2020 Read Full Article
Vatican Calls on Catholics to Divest from Fossil Fuels
by Rebecca Beitsch (The Hill) The Vatican on Thursday urged Catholics to divest from fossil fuels, a call made in church documents warning against the dangers of climate change. The 225-page encyclical, which is sent to all bishops within the church, also
June 19, 2020 Read Full Article
Doubling Down on the Energy Transition Post Pandemic
by Tammy Klein (Future Fuels Strategies) ... According to a new IRENA study, accelerating investment in renewable energy would help tackle the climate crisis, provide a post COVID-19 stimulus and would in effect pay for itself. IRENA notes that investments
May 01, 2020 Read Full Article
Coronavirus Stimulus Money Will Be Wasted on Fossil Fuels
by David Roberts (Vox) Oil and gas companies were already facing structural problems before Covid-19 and are in long-term decline. -- ... I wrote about how shortsighted it is for Republicans (enabled by learned Democratic passivity) to reject aid for the
April 21, 2020 Read Full Article
Earth Week 2020: What Will It Look Like? List of Online Virtual Events
(Our Daily Planet) ... Earth Day will still be celebrated, just not as planned. Instead, multiple virtual events will take the place of previously scheduled festivities. ... The Agenda: Smithsonian Earth Optimism Summit – Virtual Event April 22-24th The Smithsonian is hosting its annual optimism event that
April 20, 2020 Read Full Article
Wall Street Backs away from Arctic Drilling amid Alaska Political Heat
by Yereth Rosen (Reuters) Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street's increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. ... Wells Fargo (NYSE:WFC) & Co said on Monday
March 04, 2020 Read Full Article
Investors Go after Trump Rollbacks
by Kelsey Tamborrino (Politico's Morning Energy) Investors representing almost $113 billion in assets under management warned oil, gas, mining and timber companies not to take advantage of Trump administration environmental rollbacks, arguing they should consider the financial risk. Trump rollbacks
January 30, 2020 Read Full Article
ADM Closer to Possible Ethanol Exit
(Bloomberg/Crain's Chicago Business) The company is in advanced talks for a deal that could involve a sale or a joint venture for its ethanol dry mills. -- Archer-Daniels-Midland Co., the agribusiness giant that helped draw the blueprint for the U.S. biofuel
January 10, 2020 Read Full Article
Me First -- Groups Target Finance for Fossil Fuels
by Kelsey Tamborrino (Politico's Morning Energy) Environmental, indigenous rights and investor groups are uniting behind a new campaign targeting the financial sector for funding fossil fuel projects. Labeled "Stop the Money Pipeline," the effort builds on the years-long divestment movement
January 09, 2020 Read Full Article
2020 Biodiesel Plant Map Reflections
by Ron Kotrba (Biodiesel Magazine) Biodiesel Magazine highlights industry changes as discovered during the 2020 U.S. & Canada Biodiesel Plant Map data collection efforts. ... Naturally, one recurring theme that kept rearing its ugly head was the toll that the
January 09, 2020 Read Full Article
Petrobras Accelerates Biofuels Exit
(Kallanish Energy) Brazilian state-run oil company Petrobras is seeking to accelerate its exit from the biofuels segment and has started the process to sell a large stake in BSBios Biodiesel, Kallanish Energy reports. The sale of the 50% stake in the biofuels company will be
December 28, 2019 Read Full Article
The New Face of Climate Activism Is Young, Angry — and Effective
by Ella Nilsen (Vox) A growing sea of crusaders known as the Sunrise Movement has helped put climate change on the national agenda. Most aren’t even 30. -- ... The three-bedroom apartment in Washington’s Columbia Heights neighborhood is one of a
September 18, 2019 Read Full Article
The Energy Transition and Oil Companies’ Hard Choices
by Rob West and Bassam Fattouh (The Oxford Institute for Energy Studies) In this Energy Insight, we explore the challenges of the energy transition for international oil companies (IOCs). We argue that energy demand forecasts are inconsistent with meeting Paris Agreement
July 09, 2019 Read Full Article
Neste to Divest Its Fuel Retail Business in Russia and Sell It to PJSC Tatneft
(Neste) Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia. The divestment
July 08, 2019 Read Full Article
Fuel Forward: The Digest’s 2019 Enhanced Multi-Slide Guide to Renewable Energy Group
by Jim Lane (Biofuels Digest) Earlier this month, Renewable Energy Group released its 2019 Q1 earnings and held its quarterly earnings conference call with analysts and media. The complete webcast of the event is available at regi.com. Participating in the call for
May 30, 2019 Read Full Article
High-Protein Feed Ingredients & Ethanol: The Digest’s 2019 Multi-Slide Guide to Green Plains
by Jim Lane (Biofuels Digest) Green Plains Inc. is North America’s third largest producer of ethanol and recently announced its portfolio optimization plan in which it would divest assets that do not support the company’s strategic focus on the production of
March 28, 2019 Read Full Article
Attis Industries Looks to Expand Production and Add Approximately $160M in Revenues with Recent Acquisition: Management Aims to Setup a World-Class Green Tech Campus in New York
(Attis Industries/Globe Newswire) The Company aims to harness their proprietary technology through multiple biomass processing facilities to cater to the rising demand of ethanol, carbon fibre, and other products. Attis Industries (ATIS) took its first big step in the field of renewable
March 05, 2019 Read Full Article
Attis Industries Enters into a Definitive Agreement to Acquire Corn Ethanol Facility and Grain Malting Operation from Sunoco LP
(Attis Industries/Globe Newswire) Attis Industries Inc. (NASDAQ: ATIS) (the "Company" or "Attis"), a diversified innovation and technology holding company today announced that it has entered into a definitive asset purchase agreement with Sunoco LP (NYSE: SUN) (“Sunoco”) to acquire and operate
January 23, 2019 Read Full Article
World Energy and Valero Lead Rebound in Biofuels M&A: 2018 Review
by Bruce Comer (Ocean Park/Biofuels Digest) Convergence reigns as the North American biofuels industry witnesses a resurgence in mergers and acquisitions, including exceptionally large deals -- Merger and acquisition (M&A) activity in biofuels picked up considerably in 2018 after a slowdown in
January 22, 2019 Read Full Article
What's in a Green New Deal?
by Kelsey Tamborrino (Politico's Morning Energy) Environmental activists and progressives rallying around the "Green New Deal" are hoping to develop details for the plan that will help turn it into a policy platform for Democrats ahead of the 2020 election,
January 11, 2019 Read Full Article
More Than 1,000 Institutions Are Now Divesting from Fossil Fuels
by Joshua S Hill (CleanTechnica) The global divestment movement has celebrated an important milestone this week as it now boasts more than 1,000 institutions around the world worth almost $8 trillion which have committed to divesting from fossil fuels. Global grassroots climate
December 17, 2018 Read Full Article
What Exactly Is the 'Green New Deal'?
by Hannah Northey (E&E News Climatewire) The proposal, drawing inspiration from President Franklin Roosevelt's Depression-era New Deal, is one that progressives — led by Rep.-elect Alexandria Ocasio-Cortez (D-N.Y.), a rising star on the left — want Democratic leaders to embrace. The thinking is
November 26, 2018 Read Full Article
The Future of Biofuels Discussed at the Congressional Hispanic Caucus Institute Leadership Conference
by Joanne Ivancic (Advanced Biofuels USA) I was pleased and excited to be invited to speak on a "Future of Biofuels" panel at this fall's Leadership Conference of the Congressional Hispanic Caucus Institute, whose purpose is "Developing the Next Generation
October 02, 2018 Read Full Article
Seattle University Will Become First College in State to Divest of Fossil Fuels
by Katherine Long (Seattle Times) The university says it will become the first among the nation's 28 Jesuit universities to divest its endowment of fossil fuels. -- Seattle University will become the first university in Washington state to divest its endowment of
September 21, 2018 Read Full Article
Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure
(Insurance Journal) Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal mines and power
July 09, 2018 Read Full Article
Protein, Protein: The Bioeconomy’s Latest Technology Fad Is, Actually, a Pivot Back to an Ancient and Enduring Concern
by Jim Lane (Biofuels Digest) ... Protein has become the answer to almost every question. How will you achieve scale? Protein. How will you make money? Protein. What will save the world? Protein. What are you going to talk about in your
July 06, 2018 Read Full Article
Austrocel to Increase Dissolving Pulp Capacity and Enter Biofuels Production
(EUWID-Paper) Total investment at the former Schweighofer Fiber mill in Hallein amounts to €60m. -- Dissolving pulp manufacturer Austrocel plans to invest approximately €60m to expand and diversify production at its Hallein plant in Austria. The investment project aims at increasing disolving
May 21, 2018 Read Full Article
Brews, Bangers and Biofuels – Ireland’s Bioeconomy Looking up
by Helena Tavares Kennedy (Biofuels Digest) ... But it’s also about whisky, as reported in the Digest in July 2017, and how Celtic Renewables puts whisky in the car and not just in the jar. It’s about Cork County’s announcement that they are
March 19, 2018 Read Full Article
Refiners Try to Hold Trump's Attention
(Politico's Morning Energy) With a settlement between refiner Philadelphia Energy Solutions and EPA in hand and voting in the Pennsylvania special election over, some biofuels observers think the issue may fall off Trump's radar. A biofuels source told ME Tuesday they
March 14, 2018 Read Full Article
A Quiet Year for Biofuels M&A: 2017 Review and Outlook
by Bruce Comer (Ocean Park Advisors/Biofuels Digest) More industry players chose to develop and build new capacity rather than buy plants -- The North American biofuels industry experienced the fewest merger and acquisition transactions in recent history in 2017. There were only
February 01, 2018 Read Full Article
Petrobras to Join Oil and Gas Climate Initiative after Selling off Biofuel Assets
by Jim Lane (Biofuels Digest) In Brazil, Petróleo Brasileiro S.A. (Petrobras) is joining the Switzerland-based Oil and Gas Climate Initiative, whose member companies represent more than a quarter of the world’s oil and gas production. OGCI aims to speed and scale up
January 29, 2018 Read Full Article
Bill de Blasio: This Is Why New York Is Suing and Divesting from Big Oil
by Bill de Blasio (New York City Mayor/Washington Post) ... America’s largest city, 8.5 million strong, is taking decisive action on two separate fronts. We are demanding compensation from those who profit from climate change. And we plan to withdraw our
January 14, 2018 Read Full Article
Governor Cuomo Unveils 9th Proposal of 2018 State of the State: Calling on the NYS Common Fund to Cease All New Investments in Entities with Significant Fossil Fuel-Related Activities and Develop a De-Carbonization Plan for Divesting from Fossil Fuel
(Office of the Governor of New York State) New York's Common Fund, the Third Largest in the Nation, Manages Over $200 Billion in Retirement Assets for More than One Million New Yorkers; Will Partner with Comptroller Tom DiNapoli to Form Advisory Panel
December 20, 2017 Read Full Article
World's Biggest 100 Polluting Companies Put on Notice by Investors to Tackle Climate Change
by Nicole Hasham (Sydney Morning Herald) Shareholders have turned up the heat on the world's 100 biggest polluting companies including Australian firms BHP Billiton, Wesfarmers and Rio Tinto, in the first coordinated global effort by investors to force corporate action on climate
December 20, 2017 Read Full Article
Rockin’ the Cassava: The Shareef Don’t Like It but Nigeria Does
by Jim Lane (Biofuels Digest) In Nigeria, the Nigerian National Petroleum Corporation signed a Memorandum of Understanding with the Kebbi State Government to build an 84 million litres per annum capacity fuel-ethanol project. The Sugarcane and Cassava-Fuel Ethanol Project in Kebbi State
November 27, 2017 Read Full Article
Big Oil Is Investing Billions to Gain a Foothold in Clean Energy
by Anna Hirtenstein (Bloomberg) Oil majors have spent $6.2 billion to acquire stakes in firms; Interest shifted away from biofuels and toward digital energy -- The world’s biggest oil companies are closing more clean energy deals as pressure to diversify their businesses mounts and growth
October 26, 2017 Read Full Article
Catholic Church to Make Record Divestment from Fossil Fuels
by Arthur Neslen (The Guardian) More than 40 Catholic institutions will make largest ever faith-based divestment, on the anniversary of the death of St Francis of Assisi -- The sum involved has not been disclosed but the volume of divesting groups is four
October 09, 2017 Read Full Article
Divestment Is Shifting the Geopolitics of Fossil Fuels
by Penney Kome (rabble.ca) ... Almost everyone is targeting fossil fuel consumption and, by extension, Big Oil. Most of us see the oil business as gas stations, or as mammoth corporations, or as roughnecks wrestling with oil rig hoses. Actually, says
July 24, 2017 Read Full Article
Sweden’s Largest Pension Fund Sells Off ExxonMobil & TransCanada Stock
by Steve Hanley (CleanTechnica) AP7, Sweden’s largest pension fund, has been at the forefront of the fossil fuel divestment movement for some time. A year ago, it sold off its holdings in 11 coal companies and 8 oil and gas production
June 19, 2017 Read Full Article
BioChar’s Buzzing and Cool Planet’s $20M Cap Raise Is Feeding It
by Jim Lane (Biofuels Digest) In Colorado, Cool Planet has closed on $19.3 million in Series A financing and note conversion to commercialize its Cool Terra and Cool Fauna engineered biocarbon products. This latest round of funding was led by
March 24, 2017 Read Full Article
Dail Eireann Votes to Divest from Fossil Fuels
(Big News Network) Following a vote in the Dail Eireann, Ireland is set to become the world’s first country to fully divest money from fossil fuels. The historic legislation was passed by members in a 90 to 53 vote in favour
February 06, 2017 Read Full Article
Don't Change the RFS Point of Obligation
by Mark Griffin (Pro Petroleum/Real Clear Energy) ... Moving the point of obligation eliminates our ability to compete and gives major refiners a significant unfair advantage over small businesses in small markets across the country. Liquidity and competition are what keep fuel
December 23, 2016 Read Full Article
Fossil Fuel Divestments Now Represent $5.2 Trillion
by Brian Kahn (Climate Central) Investing heavy weights are moving their assets and funds out of fossil fuels at a record pace. A network of local governments, pension funds, faith organizations, philanthropies and wealthy individuals representing $5.2 trillion in assets have
December 19, 2016 Read Full Article
Petrobras Speeds Sales of Assets and Seeks Partners to Reduce Debts
by Nicola Pamplona (Folha de S.Paulo) ... The idea is concentrate expenditure in operations connected to petroleum production, which have a higher potential to generate revenues. All other operations, such as gas, energy, biofuel and the petrochemistry area, may be sold, if
September 21, 2016 Read Full Article
Environment-Obsessed Berlin Divests Fossil Fuels
by Chris White (The Daily Caller) Berlin’s parliament voted Thursday to divest its $852.8 million public pension from oil and gas companies. The decision to purge fossil fuel assets makes Berlin the second capital to divest in two weeks. Stockholm, the
June 24, 2016 Read Full Article
D.C. Public Sector Pension Fund Divests From Fossil Fuels
by Rachel Kurzius (dcist) Following a three-year campaign, DC Divest is claiming victory—the D.C. government has sold off its pension fund's direct investments in coal, oil, and gas companies. This morning, the group announced that the D.C. Retirement Board has officially sold
June 13, 2016 Read Full Article
UMass Becomes First Major Public University to Divest from Direct Fossil Fuel Holdings
(University of Massachusetts Amherst) The University of Massachusetts today became the first major public university to divest its endowment from direct holdings in fossil fuels. The decision was made by a unanimous vote of the Board of Directors of the
May 26, 2016 Read Full Article
The Big Year Continues: The Digest’s 2016 8-Slide Guide to Amyris
by Jim Lane (Biofuels Digest) Amyris reported Q1 2016 net loss of $15,3M on revenues of 8.8 million, compared with $7.9 million for the first quarter of 2015. The increase from Q1 2015 included product sales growth of 50% over
May 17, 2016 Read Full Article
Stanford Rejects Student Request to Divest Fossil Fuel Holdings
by Jenna Lyons (SF Gate) Stanford University’s board of trustees says it will not fully divest from the fossil fuel industry following a nearly four-year battle with a student organization campaigning against the practice. The school’s board of trustees said Monday
April 27, 2016 Read Full Article
Is the Climate Changing for Fossil Fuel Investments?
(Morgan Stanley) As the world embraces a low-carbon economy, should investors change how they view fossil fuel investments? -- ... Most investors interested in establishing a fossil-fuel aware portfolio can follow a four step roadmap to evaluate and apply this framework:
February 24, 2016 Read Full Article
More Than $3.4 Trillion in Assets Vow to Divest From Fossil Fuels
by Zahara Hirji (InsideClimate News) The list of institutions committed to ridding their portfolios of at least some fossil fuel interests has surged in recent months, organizers say. --- More than 500 institutions representing about $3.4 trillion in assets have
December 07, 2015 Read Full Article
Low Carbon Corporate Initiative Could Halt 65% of Climate Problem
(Sustainable Business) Corporations obviously has a big role to play in tackling climate change - so big, in fact, that the collective actions of just 140 companies could get the world 65% of the way toward constraining temperature rise to 2°C. In getting there,
November 18, 2015 Read Full Article
Climate Change Is an Investment Risk, Says BlackRock
(CBC News) With Paris summit looming, there will be 'regulatory risk' ahead of extreme weather risk --- Climate change risk has arrived as an investment issue, according to the world's largest institutional investment manager. BlackRock Inc., with $4.5 trillion US under
November 16, 2015 Read Full Article
Soapbox: Fossil Fuel Is a Bad Investment
by Danny Kennedy and Jeremy Leggett (California Clean Energy Fund/Carbon Tracker Initiative/Sacramento Bee) ... Since 2013, the world has been adding more renewable electricity capacity than fossil fuel capacity each year. Meanwhile, the fossil fuel industry is showing its age. For
October 29, 2015 Read Full Article
MIT Rejects Demands to Divest Fossil-Fuel Stocks, Joining Yale
by Michael McDonald (Bloomberg Business) The Massachusetts Institute of Technology rejected demands from a student-led group to divest its $13.5 billion endowment of fossil-fuel investments, joining universities such as Harvard and Yale. MIT said in an announcement on Wednesday that it will
October 22, 2015 Read Full Article
Fossil Fuel Divestment Pledges Surpass $2.6 Trillion
(PR Newswire/Divest/Invest) Global Divest-Invest Coalition Announces Major Commitments as World Leaders Gather at UN; Thousands of new commitments represent a 50-fold increase in one year The movement to divest from fossil fuels and invest in renewable energy and climate solutions has
September 23, 2015 Read Full Article
University of California Sells $200 mln Holdings in Coal, Oil Sands Firms
by Rory Carroll (Reuters) The University of California's chief investment officer on Wednesday said it has sold off about $200 million of direct holdings in coal and oil sands companies, which he said were no longer good investments for the
September 10, 2015 Read Full Article
Dumping Energy Stocks Might Cost Harvard $100 Million a Year
by Simon Constable (The Street) Harvard's $32.7 billion endowment would generate significantly lower returns if climate-change activists convince the university to abandon fossil fuel investments, according to a new study. Such a strategy might cost the fund more than $100 million
September 09, 2015 Read Full Article
Climate Deniers Uncovered
by Joanna Schroeder (DomesticFuel.com) A paper published by the Union of Concerned Scientists (UCS), “The Climate Deception Dossiers,” reveals decades of corporate misinformation campaigns by the fossil fuel industry. The paper focuses on seven deception dossiers, or collections containing nearly
August 03, 2015 Read Full Article
Fossil Fuel Industry Must 'Implode' to Avoid Climate Disaster, Says Top Scientist
by Damian Carrington (The Guardian) ‘The age of carbon is over’ and a transition to a greener economy is inevitable, says Hans Joachim Schellnhuber, adviser to the German government and Pope Francis ... Professor Hans Joachim Schellnhuber, an adviser to the German government
July 13, 2015 Read Full Article
College Divestment Pledges Are Mostly Empty Gestures
by Michael McDonald (Bloomberg) Stanford, Oxford and Georgetown universities have won praise for promising to purge their endowments of direct investments in coal, embracing the fight against climate change. One detail gets lost in the celebration: the colleges have few, if
July 07, 2015 Read Full Article
Rep. Kaptur Welcomes $50,000 NSF Award For UT Algal Bio-Chemistry Research
(Congresswoman Marcy Kaptur (D-OH)) Innovative extraction method sources chemicals from algae instead of from imported oils -- Congresswoman Marcy Kaptur (D-OH) welcomed news that The University of Toledo (UT) will receive $50,000 from the National Science Foundation (NSF) to support research into
July 03, 2015 Read Full Article
How Mankind Blew the Fight against Climate Change
by Bill McKibben (350.org/The Washington Post) ... Exxon Mobil wouldn’t invest in renewable energy, ( Exxon Mobil CEO Rex) Tillerson said, because clean technologies don’t make enough money and rely on government mandates that were (remarkable choice of words) “not sustainable.” He
June 08, 2015 Read Full Article
University Of Hawaii Completely Divests From Fossil Fuel Investments
(Clean Technica) The global fossil fuel divestment campaign continues apace, with the University of Hawaii agreeing to divest from coal, oil, and gas companies, making it the largest university to do so. The University of Hawaii Board of Regents voted this
May 29, 2015 Read Full Article
Your Illustrated Guide to the Next World Crisis, Its Energy Roots, the Issues, the Players, the Steps, and Remedies
by Jim Lane (Biofuels Digest) The Digest’s guide to the links between terror, petroleum dependence, economic stability, and military build-ups, as nations bear down in pursuit of energy security. In March 2014, Truman National Security Project executive director Mike Breen warned,
May 26, 2015 Read Full Article
Blog: Two Healthcare Groups Shed Fossil-Fuel Investments
by Bob Herman (Modern Healthcare) Health Care Without Harm and one of its ancillary groups, Practice Greenhealth, announced Tuesday they will fully divest fossil-fuel stocks from investment assets, becoming the first U.S. healthcare organizations to do so. The not-for-profit groups have
May 18, 2015 Read Full Article
Fossil-Fuel-Free Portfolios Gain Popularity
by Karen Demasters (Financial Advisor) Fossil fuels continue to lose popularity with investors as more investment professionals offer fossil-fuel-free portfolio options, according to the First Affirmative Financial Network. A survey by the network released Thursday shows that the number of investment
May 04, 2015 Read Full Article
On Campuses, a Fossil-Fuel Divestment Movement
by Steven Mufson (The Washington Post originally posted December 2013; includes 2015 updates) A divestment movement is marching across U.S. college campuses, borrowing tactics from the 1980s anti-apartheid campaign and using them against oil, gas and coal companies to fight
April 16, 2015 Read Full Article
In Vietnam, Many Provinces about to Sell Biofuels Following Gov’t Decision
(Tuoi Tre News) Authorities in many localities in Vietnam have prepared to widely distribute E5 and E10 biofuels to spur consumption and gradually replace traditional fuels following a roadmap set out by the central government three years ago, according to
April 07, 2015 Read Full Article
Guardian Petition for Fossil Fuel Divestment Receives 60,000 Signatures
by Emma Howard (The Guardian) The Keep it in the Ground campaign asks the Wellcome Trust and Gates Foundation to divest their endowments from fossil fuels In less than 24 hours, more than 60,000 readers have joined a campaign on the
March 23, 2015 Read Full Article
Climate Change: UN Backs Fossil Fuel Divestment Campaign
by Damian Carrington (The Guardian) Keep it in the ground. Framework convention on climate change says it shares aim for strong deal on fighting global warming at Paris summit. The UN organisation in charge of global climate change negotiations is backing the
March 17, 2015 Read Full Article
US, California Double Down on Climate Change, Energy Security via New Initiatives
by Jim Lane (Biofuels Digest) Obama unveils Clean Energy Investment Initiative; California lawmakers introduce a trio of bills aimed at 80% reduction in greenhouse gas emissions by 2050. In Washington, the Obama Administration launched its Clean Energy Investment Initiative, with a
February 12, 2015 Read Full Article
World’s Biggest Sovereign Wealth Fund Dumps Dozens of Coal Companies
(Earth Island Journal/The Guardian) Norway’s giant fund removes investments made risky by climate change and other environmental concerns, including coal, oil sands, cement and gold mining -- The world’s richest sovereign wealth fund removed 32 coal mining companies from its portfolio
February 08, 2015 Read Full Article
Harvard Defies Divestment Campaigners and Invests Tens of Millions of Dollars in Fossil Fuels
by Suzanne Goldenberg (The Guardian) Campaigners protest over ‘blood money’ investments that come ahead of a lawsuit brought by students over Harvard’s refusal to divest from companies that cause climate change Harvard has newly invested tens of millions of dollars in
January 14, 2015 Read Full Article
Stanford Professors Urge Withdrawal from Fossil Fuel Investments
by Suzanne Goldenberg (The Guardian) Faculty members call on university to recognise urgency of climate change and divest from all oil, coal and gas companies Three hundred professors at Stanford, including Nobel laureates and this year’s Fields medal winner, are calling
January 12, 2015 Read Full Article
BP to Make Major Job Cuts, Sell Assets as Energy Prices Fall: Lignocellulosic Business Goes on the Block
by Jim Lane (Biofuels Digest) Butamax, KRL, Vivergo, sugarcane ethanol business not impacted by cuts; consolidation to Brazil; San Diego research center, Highland feedstock operation also up for sale. In the UK, news broke from BP headquarters that the company has
December 09, 2014 Read Full Article
Advocates: Minnesota Needs More Alternative Fuel
by Logan Wroge (Twin Cities Daily Planet) ... “A token amount of renewable energy isn’t going to cut it. We need a total transition,” said Simone Childs-Walker, a member of the student group Fossil Free Minnesota. The Legislative Energy Commission
November 20, 2014 Read Full Article
What I Can Do to Lessen Our Addiction to Oil? Advanced Biofuels USA Publishes Some Suggestions
What I Can Do to Lessen Our Addiction to Oil? George W. Bush urged the US to “get off our addiction to oil.” He talked about biofuels made from switchgrass as one solution. So, how are we doing? OK, but we
October 09, 2014 Read Full Article
Divest/Invest: Global Charities Challenged to Help 'Save Civilization'
by Deirdre Fulton (Common Dreams) Could world's wealthy philanthropic foundations spur a 'tipping point' on climate action? A group of 160 leading environmentalists is calling on the world's philanthropists and foundations to use their money to "create a tipping point on
September 16, 2014 Read Full Article
Union Becomes the World’s First Seminary to Divest from Fossil Fuels
by Serene Jones (Union Theological Seminary/Time Magazine) New York's Union Theological Seminary--home to famed theologians Paul Tillich, Reinhold Niebuhr, and Dietrich Bonhoeffer, as well as a $108.4 million endowment--will be the first seminary in the world to divest from fossil
June 12, 2014 Read Full Article
An Open Letter to Tom Steyer
Dear Mr. Steyer: According to a Washington Post article on June 9th 2014, you will be divested of all your investments in fossil fuel enterprises by the end of this month. As the article discussed, that meant you continued to make
June 10, 2014 Read Full Article
Fossil Fuel-Free Index Will Help Investors Manage Climate Risks
by Mike Scott (Forbes) A new index has been launched that will make it easier for investors to steer their investments away from fossil fuel companies, which contribute to climate change and pollution. The new index series, launched by FTSE Group, BlackRock and the Natural
May 05, 2014 Read Full Article
About the Fossil Fuel Divestment Convergence 2014
(StudentsDivest.org) From April 4th to 6th, 300 students from over 75 colleges and universities from across the United States and Canada will gather at San Francisco State University for the 2nd annual student-led Fossil Fuel Divestment Convergence. In February 2013,
April 04, 2014 Read Full Article
The Stone Giant Speaks to the Hobbit …
by David Titley (hypergeometric) That inestimable corporate institution, Exxon-Mobil, announced today, on the heels of the IPCC WG2 report, that: … it was “highly unlikely” that the world would cut greenhouse gas emissions sufficiently to keep global warming within the internationally agreed
April 01, 2014 Read Full Article
Guest Blog: Fossil Fuel Company Divestment & Renewable Energy Reinvestment
by Fran Teplitz (Green America/Town Creek Foundation) The fossil fuel divestment movement continues to grow nationally and internationally as individuals and institutions — including pension funds, institutions of higher learning, and philanthropic endowments –recognize the importance of ridding their portfolios of
March 27, 2014 Read Full Article
17 Foundations Join Forces to Divest Fossil-Fuel Stocks
by Ben Gose (The Chronicle of Philanthropy) Seventeen foundations with nearly $2-billion in assets have vowed to divest the fossil-fuel stocks in their endowments and invest at least 5 percent of their assets in clean-energy companies, and they are urging other foundations
January 31, 2014 Read Full Article
Give the Earth the Gift of a Bio-Based New Year's Resolution
by Joanne Ivancic (Advanced Biofuels USA) As the old year bows out, we greet the new year with wishes for happiness, good health and renewal. It's a time for resolutions to make us better people; to make this a better world. Advanced
December 24, 2013 Read Full Article
Indonesia Palm Expansion Curbs Seen Thwarting 2020 Output Goal
by Yayat Supriatna (Reuters) An Indonesian rule limiting plantation areas to just 100,000 hectares for new palm oil firms threatens an ambitious output goal of 40 million tonnes by 2020 set by the world's top producer of the edible oil,
October 21, 2013 Read Full Article
Investors Interested in Fossil Fuel-Free Portfolios
by Joanna Schroeder (DomesticFuel.com) According to a recent survey conducted by SRI, 65 percent of retail investors and 53 percent of institutional investors are currently expressing interest in fossil fuel-free portfolios in reaction to climate change. More than 2,000 SRI
May 24, 2013 Read Full Article
State College Mayor Urges Fossil Fuel Divestment
(Associated Press/PhillyBurbs.com) The mayor of the central Pennsylvania borough of State College has endorsed a campaign that urges municipalities to divest from fossil fuel companies, the environmental group 350.org said in a release Thursday. Borough Mayor Elizabeth Goreham joined nine other
April 29, 2013 Read Full Article
Big Oil's Big Effort
by Loretta Sorensen (MidWest Producer) The best way farmers and consumers can weaken the grip of giant oil companies and further reduce U.S. dependence on foreign oil is to start asking their fuel retailer to sell E15. Oil companies are not
April 05, 2013 Read Full Article
Fuel - Crude Thoughts
(IATA) Challenges in the jet fuel supply chain are intensifying, making investment in biofuels essential ...(T)he airline industry fuel bill rose more than 11% to $139 billion in 2010, equivalent to 26% of operating expenses. ...How airlines manage fuel is therefore
July 15, 2011 Read Full Article
Mid-Ohio American Le Mans Series: The Little Team That Could! Dyson Lola Wins Emotional Mid-Ohio American Le Mans Race with Bio-Isobutanol (From BP)
By Robert E. Kozak (Advanced Biofuels USA) Imagine. Imagine you’re a small but very smart racing team with a history of innovation and success. Following your strengths, you spent a considerable amount of money modifying your turbocharged engines to run on
August 11, 2010 Read Full Article
Over There: The Yanks are Coming (同胞, Can You Spare a Dime?)
by Jim Lane (Biofuels Digest) BIO exec VP Brent Erickson ruefully noted in a conference with reporters that the biofuels industry was “very disappointed in the loan guarantee program. Biomass was mixed in with wind and solar, which have much
March 16, 2010 Read Full Article
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