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
Tag "divestment"
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.
(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
(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
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
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
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
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
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
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
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
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,
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
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
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
(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
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
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
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.
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
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
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,
(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

(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
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”
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
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
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,
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
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
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
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 –
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
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
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
(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
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
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.
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
(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
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
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
(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
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
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
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
(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
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
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
(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
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,
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
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
(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 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,
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
(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
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,
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
(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
by Terry Macalister (The Guardian) Business models employed by multinationals such as Shell and BP are no longer fit for purpose,
(Carbon Tracker) The upstream assets of the world’s seven largest privately owned listed oil and gas companies could collectively be
by Jenna Lyons (SF Gate) Stanford University’s board of trustees says it will not fully divest from the fossil fuel
by Simon Jessop (Reuters) Institutions managing $6 trillion in assets plan to back a call for U.S. oil major ExxonMobil
by Alex Nussbaum and Michael Roschnotti (Bloomberg Business) Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies
(Morgan Stanley) As the world embraces a low-carbon economy, should investors change how they view fossil fuel investments? — … Most
by Zahara Hirji (InsideClimate News) The list of institutions committed to ridding their portfolios of at least some fossil fuel
(Sustainable Business) Corporations obviously has a big role to play in tackling climate change – so big, in fact, that the
by Danny Kennedy and Jeremy Leggett (California Clean Energy Fund/Carbon Tracker Initiative/Sacramento Bee) … Since 2013, the world has been
by Michael McDonald (Bloomberg Business) The Massachusetts Institute of Technology rejected demands from a student-led group to divest its $13.5 billion
by Alex Nussbaum (Bloomberg) Pushing transition from `high-carbon to a low-carbon economy’; Becomes third bank this year to reduce coal-mining financing —
(PR Newswire/Divest/Invest) Global Divest-Invest Coalition Announces Major Commitments as World Leaders Gather at UN; Thousands of new commitments represent a
by Chris Mooney (The Washington Post) Even as President Obama further amplifies his rhetoric about addressing climate change, a coalition of
by Rory Carroll (Reuters) The University of California’s chief investment officer on Wednesday said it has sold off about $200
by Simon Constable (The Street) Harvard’s $32.7 billion endowment would generate significantly lower returns if climate-change activists convince the university
by Joanna Schroeder (DomesticFuel.com) A paper published by the Union of Concerned Scientists (UCS), “The Climate Deception Dossiers,” reveals decades
by Damian Carrington (The Guardian) ‘The age of carbon is over’ and a transition to a greener economy is inevitable, says
by Michael McDonald (Bloomberg) Stanford, Oxford and Georgetown universities have won praise for promising to purge their endowments of direct investments
by Maria Gallucci (International Businesss Times) … A new study funded by the U.S. Department of Energy found crude extracted from
by Bill McKibben (350.org/The Washington Post) … Exxon Mobil wouldn’t invest in renewable energy, ( Exxon Mobil CEO Rex) Tillerson said, because
(Clean Technica) The global fossil fuel divestment campaign continues apace, with the University of Hawaii agreeing to divest from coal,
by Jim Lane (Biofuels Digest) The Digest’s guide to the links between terror, petroleum dependence, economic stability, and military build-ups,
by Jim Lane (Biofuels Digest) From remarks by Antonio De Palmas — president, Boeing Italy, at the World Bioenergy Leadership
by Bob Herman (Modern Healthcare) Health Care Without Harm and one of its ancillary groups, Practice Greenhealth, announced Tuesday they
by Damian Carrington and Harry Davies (The Guardian/MSN.com) The world’s biggest and most profitable fossil fuel companies are receiving huge and
by Karen Demasters (Financial Advisor) Fossil fuels continue to lose popularity with investors as more investment professionals offer fossil-fuel-free portfolio
by Emma Howard (The Guardian) The Keep it in the Ground campaign asks the Wellcome Trust and Gates Foundation to
by Damian Carrington (The Guardian) Keep it in the ground. Framework convention on climate change says it shares aim for strong
by Siri Srinivas (The Guardian) Shareholders ask the five largest US oil companies – Valero, Exxon Mobil, Marathon Petroleum, Phillips 66
by Jim Lane (Biofuels Digest) Obama unveils Clean Energy Investment Initiative; California lawmakers introduce a trio of bills aimed at
(Earth Island Journal/The Guardian) Norway’s giant fund removes investments made risky by climate change and other environmental concerns, including coal,
by Suzanne Goldenberg (The Guardian) Campaigners protest over ‘blood money’ investments that come ahead of a lawsuit brought by students
by Suzanne Goldenberg (The Guardian) Faculty members call on university to recognise urgency of climate change and divest from all
by Alister Doyle (Reuters) Falling oil prices show the “high risk” of fossil fuel investments compared with renewable energies, the
by Alex Morales (The Washington Post/Bloomberg) A major threat to fossil fuel companies has suddenly moved from the fringe to
by Logan Wroge (Twin Cities Daily Planet) … “A token amount of renewable energy isn’t going to cut it.
What I Can Do to Lessen Our Addiction to Oil? George W. Bush urged the US to “get off our
by Deirdre Fulton (Common Dreams) Could world’s wealthy philanthropic foundations spur a ‘tipping point’ on climate action? A group of
by Serene Jones (Union Theological Seminary/Time Magazine) New York’s Union Theological Seminary–home to famed theologians Paul Tillich, Reinhold Niebuhr, and
Dear Mr. Steyer: According to a Washington Post article on June 9th 2014, you will be divested of all your
by Mike Scott (Forbes) A new index has been launched that will make it easier for investors to steer their
(StudentsDivest.org) From April 4th to 6th, 300 students from over 75 colleges and universities from across the United States and
by David Titley (hypergeometric) That inestimable corporate institution, Exxon-Mobil, announced today, on the heels of the IPCC WG2 report, that: …
by Fran Teplitz (Green America/Town Creek Foundation) The fossil fuel divestment movement continues to grow nationally and internationally as individuals and
(Arjuna Capital/PR NewsWire) In response to a shareholder resolution, ExxonMobil (XOM) – the largest U.S. energy company, for the first
by Ben Gose (The Chronicle of Philanthropy) Seventeen foundations with nearly $2-billion in assets have vowed to divest the fossil-fuel stocks in