by Ron Kotrba (Biobased Diesel Daily) Cepsa announced Oct. 30 its name change to Moeve, marking what the company called a historic milestone in its transformation. This change, according to the company, positions Moeve as a leader in the European energy transition
divestment
Back TO HOMEUN Chief Says Fossil Fuels 'Incompatible with Human Survival,' Calls for Credible Exit Strategy
by Frank Jordans (Associated Press/ABC News) The head of the United Nations attacked fossil fuel companies Thursday, accusing them of betraying future generations and undermining efforts to phase out a product he called “incompatible with human survival.” The head of the
June 16, 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
US Backs Tough Fossil Fuel Phase Down Pledge at Climate Summit
by Jennifer A Dlouhy (Bloomberg) Countries mulling vow to ‘phase down’ all fossil fuels; Previous climate agreements have focused only on coal -- The US will back a proposal to phase down all fossil fuels at the UN climate conference as
November 17, 2022 Read Full Article
Subsidies Help Oil Industry Profit More Than Ever
by Natasha Lasky (World War Zero) In 2021, public subsidies for fossil fuels almost doubled to $700 billion, keeping a dying industry not just afloat, but thriving through a worsening energy crisis. The $697.2 billion total describes explicit subsidies, including price reductions, government funding,
September 06, 2022 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
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
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
Biden Hits Roadblocks on Path to Low-Carbon Economy
by James Osborne (Houston Chronicle) ... The decision by a Louisiana federal judge Wednesday requiring the Department of Interior to end its pause on oil and gas leasing came as the administration’s plan to spend hundreds of billions of dollars
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
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
Shell Says Its Oil Production Has Peaked and Will Fall Every Year
by Hanna Ziady (CNN Business)Royal Dutch Shell (RDSA) said its oil production and carbon emissions have peaked as it detailed plans to gradually wean itself off fossil fuels. Climate activists said it hadn't gone far enough. The Anglo-Dutch company said in a statement on Thursday that it
February 12, 2021 Read Full Article
Oil Majors' Credit Ratings under Threat from Growing Climate Risks: S&P Global
by Robert Perkins (S&P Global Platts) ExxonMobil, Total, Chevron among oil producers under review; Cuts credit outlook for BP, Suncor to negative; Long term oil price forecast cut due to pandemic -- S&P Global Ratings said Jan. 26 it is considering downgrading its
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
Greens Look to Yellen on Climate
by Kelsey Tamborrino (Politico's Morning Energy) --President-elect Joe Biden is expected to officially tap Janet Yellen for Treasury secretary, a job with significant climate implications. --And former Secretary of State John Kerry will serve as Biden's special presidential envoy for
November 24, 2020 Read Full Article
Banking on Climate
by Kelsey Tamborrino (Politico's Morning Energy) U.N. special envoy for climate change Mark Carney will tell the Bloomberg New Economy Forum today that central banks can take a more proactive role in defending the financial system from climate change shocks while
November 18, 2020 Read Full Article
Greens' Treasury Hunt
by Kelsey Tamborrino (Politico's Morning Energy) Green groups are laser-focused on the Treasury secretary position under the Biden administration in hopes of securing climate change victories in the financial arena. ... Environmental groups see the Treasury secretary position as a means to
November 13, 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
The Climate Threat to Bank Portfolios
by Kelsey Tamborrino (Politico's Morning Energy) U.S. banks' loan portfolios are more exposed to climate change-induced risks than previously thought, according to a new report from business sustainability group Ceres. Roughly half of syndicated loans among major U.S. banks — the large loans
October 19, 2020 Read Full Article
JPMorgan Chase Adopts Financing Commitment Aligned with the Paris Agreement
by Emily Holbrook (Environment & Energy Leader) JPMorgan Chase has announced it is adopting a financing commitment that is aligned to the goals of the Paris Agreement. As part of its strategy, the firm intends to help clients navigate the challenges and
October 08, 2020 Read Full Article
ExxonMobil Focused on Core Oil and Gas as Renewable Returns Too Weak: Official
(Energy Market Price/S&P Global) ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to hydrocarbons, a top official at the US oil giant said
October 02, 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
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
Rockefeller Heirs to Big Oil Find Dumping Fossil Fuels Improved Bottom Line
by Steven Mufson (Washington Post) Since severing investments in fossil fuels, Rockefeller Brothers Fund has outpaced its financial benchmarks. -- Five years ago, members of the Rockefeller family walked away from the fossil fuels that made them rich, alarmed that
May 25, 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
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
From Wind Power to Cow Manure: Oil Traders Seek New Profit Recipe
by Julia Payne (Reuters) The world’s largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects - including wind farms, cow manure plants and blue hydrogen - as they seek to match the profits they make from
February 19, 2020 Read Full Article
Democratic Candidates’ Electric Car Mandates Will Kill Jobs in Iowa and Beyond
by Ed Wiederstein (Real Clear Energy) ... Like clockwork, candidates on the stump in Iowa — and even at the recent democratic debate at Drake University — are making a point to show their support for our ethanol industry. But for voters who
February 01, 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
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
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 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
The Kids of March Are on Strike
by Kelsey Tamborrino (Politico's Morning Energy) Youth activists concerned by the threat of climate change will skip class across more than 100 countries today to call for greater climate action. The U.S. effort is inspired by 16-year-old climate activist Greta
March 15, 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
Banks Are Doing “Too Little” to Communicate Their Sustainable Investment Products; Report.
(Bio-Based News) ... Less than 1 percent of the global population controls more than 50 percent of wealth. All over the world, these wealthy investors have an increasing interest in investing their wealth sustainably, in accordance with socially responsible, environmentally
October 05, 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
Mail Call! Put an End to It
by Kelsey Tamborrino (Politico's Morning Energy) California Democratic Reps. Ro Khanna and Barbara Lee urged Gov. Jerry Brown in a letter to put an end to new fossil fuel projects in the state. They call on him to put into place
August 24, 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
DNC Quietly Adopts Ban On Fossil Fuel Company Donations
by Alexander C. Kaufman (Huffington Post) The Democratic National Committee voted over the weekend to ban donations from fossil fuel companies, HuffPost has learned. The resolution ― proposed by Christine Pelosi, a party activist and House Minority Leader Nancy Pelosi’s daughter
June 13, 2018 Read Full Article
Investors Stunned over Oil Producer’s Climate-Change Exemption
by Amy Harder (Axios) ... Trillium proposed a resolution calling on EOG to set a target to reduce its greenhouse gas emissions. EOG complained to the SEC in late December that the proposal would micromanage the company, calling it a "rigid, time-bound" target, and asked
April 04, 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
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
Vanguard Urges Companies to Disclose Climate Change Impact
(The Washington Post) Vanguard pushes focus on climate change -- Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for
August 15, 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
Oil Majors Risk Wasting $2.3 Trillion If Peak Demand Looms
by Rakteem Katakey (Bloomberg) Exxon most exposed oil company, Carbon Tracker report shows Shell, Chevron, Total, Eni risk wasting up to 40% of spending -- Oil companies risk wasting $2.3 trillion of investments should demand peak in the next decade as
June 26, 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
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
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
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
World’s Biggest Banks Are Driving Climate Change, Pumping Billions Into Extreme Fossil Fuels
(EcoWatch/Rainforest Action Network) A report released Tuesday by Rainforest Action Network, BankTrack, Sierra Club and Oil Change International provides the first look at bank financing for fossil fuels since the Paris climate agreement, showing that the world’s biggest banks are driving
June 14, 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
Fossil Fuels’ Unpopularity Leaves a Mark
by Amy Harder and Erin Ailworth (The Wall Street Journal) Many major fossil-fuel projects across the U.S., from pipelines to export terminals, have been shelved or significantly delayed because of a confluence of new regulations, grass-roots opposition and a drop
June 02, 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
Oil Firms Have 10 Years to Change Strategy or Face 'Short, Brutish End'
by Terry Macalister (The Guardian) Business models employed by multinationals such as Shell and BP are no longer fit for purpose, warns energy expert -- ... Paul Stephens, a fellow at Chatham House thinktank, said in a research paper the oil “majors”
May 11, 2016 Read Full Article
Oil Majors Worth More Adopting 2˚C Pathway, Independent Stress Test Finds
(Carbon Tracker) The upstream assets of the world’s seven largest privately owned listed oil and gas companies could collectively be worth $100 billion more if they aligned their investment plans with the 2˚C target, a new study released today by
May 06, 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
Investors with $6 trillion in Assets Back ExxonMobil Climate Change Resolution: UK Church Fund
by Simon Jessop (Reuters) Institutions managing $6 trillion in assets plan to back a call for U.S. oil major ExxonMobil to disclose the impact of climate change policy on its business, one of the organizers of the vote said On
April 18, 2016 Read Full Article
Trying to Put a Price on Big Oil's 'Climate Obstruction' Efforts
by Eric Roston (Bloomberg) Oil giants and trade groups spend an estimated $115 million per year blocking climate policies -- ExxonMobil, Royal Dutch/Shell, and three oil-industry groups together spend $115 million a year on advocacy designed to “obstruct” climate change policy,
April 11, 2016 Read Full Article
Oil Investors See $7.4 Billion Vanish as Dividends Targeted
by Alex Nussbaum and Michael Roschnotti (Bloomberg Business) Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by many investors. The cost to shareholders:
March 17, 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
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
Citigroup, Citing Climate Change, Will Reduce Coal Financing
by Alex Nussbaum (Bloomberg) Pushing transition from `high-carbon to a low-carbon economy'; Becomes third bank this year to reduce coal-mining financing -- Citigroup Inc., the third-biggest U.S. bank, said it will cut back on financing for coal mining projects, in the latest
October 14, 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
Why Activists Are Pushing a ‘Supply Side’ Strategy for Fighting Climate Change
by Chris Mooney (The Washington Post) Even as President Obama further amplifies his rhetoric about addressing climate change, a coalition of environmental organizations released a letter Monday seeking to push his administration much further still. Not content with recently announced curbs on emissions
September 15, 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
Keystone XL Pipeline Debate: Canadian Oil Sands Crude Produces Greater Emissions Than Conventional Oils, DOE Study Finds
by Maria Gallucci (International Businesss Times) ... A new study funded by the U.S. Department of Energy found crude extracted from Canada’s oil sands region leads to greenhouse gas emissions that are 20 percent higher on average than emissions from conventionally
June 29, 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
The Aviation Renewable Fuels Imperative
by Jim Lane (Biofuels Digest) From remarks by Antonio De Palmas — president, Boeing Italy, at the World Bioenergy Leadership Forum ... Aviation is 2% of all 2010 CO2e emissions, expected to grow to 3.5% by 2030. We cannot accept
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
US Taxpayers Subsidising World's Biggest Fossil Fuel Companies
by Damian Carrington and Harry Davies (The Guardian/MSN.com) The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given the threat of climate change.
May 12, 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
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
Investors Ask Oil Companies to Disclose Refineries' Risks from Climate Change
by Siri Srinivas (The Guardian) Shareholders ask the five largest US oil companies – Valero, Exxon Mobil, Marathon Petroleum, Phillips 66 and Chevron – to disclose the risks their operations and facilities face from rising sea levels and storm surges. ... In letters
March 02, 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
At Climate Talks, UN Calls Fossil Fuels 'High Risk' Investment
by Alister Doyle (Reuters) Falling oil prices show the "high risk" of fossil fuel investments compared with renewable energies, the U.N.'s climate chief said on Monday at the start of 190-nation talks on a deal to slow global warming. The Dec.
December 15, 2014 Read Full Article
‘Stranded Assets’: Will Efforts to Counter Warming Render Energy Reserves Worthless?
by Alex Morales (The Washington Post/Bloomberg) A major threat to fossil fuel companies has suddenly moved from the fringe to center stage with a dramatic announcement by Germany’s biggest power company and an intriguing letter from the Bank of England. A
December 07, 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
Landmark Agreement With Shareholders: ExxonMobil Agrees to Report on Climate Change & Carbon Asset Risk
(Arjuna Capital/PR NewsWire) In response to a shareholder resolution, ExxonMobil (XOM) – the largest U.S. energy company, for the first time ever has agreed to publish a Carbon Asset Risk report on the Company website describing how it assesses the
March 21, 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
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