California continues to be a climate and cleantech leader. One of its big recent announcements in this regard is that state policymakers have introduced the California Fossil Fuel Divestment Act (SB 252). Naturally, this divestment move was stimulated by young adults, students. It was then introduced by Senator Scott Wiener … [continued]
Two of Britain’s leading professional associations — the Royal Society of Arts and the Royal College of Emergency Medicine — announced last week to mark the first-ever London Climate Action Week that they will completely divest from fossil fuel investments.
More than 1,000 institutional investors, with more than $8 trillion in assets, have now divested from fossil fuel stocks. The movement is picking up momentum and putting serious pressure on the industry.
Kat Taylor, Member of the Harvard University Board of Overseers, called for the University to divest from fossil fuels in a move she states “would not only take steps to address the existential crisis of our time, but it would allow the University to lead its peers, as few, if any, American universities thus far have taken this important moral stance.”
Three of the world’s biggest financial institutions — the World Bank, ING, and AXA — have all announced this week on the sidelines of the One Planet Summit in France plans to divest from fossil fuels including coal, oil, and gas.
40 Catholic institutions around the world are set to announce they have joined the fossil fuel divestment movement in honor of Saint Francis of Assisi.
Danish energy giant DONG Energy has announced this week that it will change its name to Ørsted following in the wake of last week’s announcement that it had successfully divested its oil & gas business.
Fossil fuel divestment has grown into a truly global movement, with institutions divesting on every continent and permeating every sector of society.
Global fossil fuel divestment continues to grow, with new figures showing that divestment has doubled in size, and now represents $5 trillion in assets under management across 688 institutions in 76 countries.
The American Museum of Natural History, the country’s oldest, largest, and one of the most popular museums in the country, has revealed it has partially divested its $650 million endowment from fossil fuel investments, in response to a letter signed by more than 150 of the world’s top scientists urging museums of science and natural history to divest.
