Earlier this year, multinational oil and gas company Royal Dutch Shell published its 2017 Annual Report, which came with the necessary attendant pros and cons of any oil and gas company, but it was only this week that international environmental organization 350.org highlighted Shell’s concern over the global fossil fuel divestment movement and potential climate litigation.
After ten years of writing for CleanTechnica, Joshua S Hill takes a look back over the last decade in the clean technology industry to examine some of the biggest trends that have shaped the face of the industry.
Nearly two months after she called on Harvard University to divest from fossil fuels in a move she deemed necessary to “address the existential crisis of our time,” Kat Taylor, Member of the Harvard University Board of Overseers, announced her resignation in protest over the school’s failure to divest from fossil fuels.
London-based financial services giant HSBC has announced that it will cease financing all new coal-fired power plants around the world with three exceptions — Bangladesh, Indonesia, and Vietnam.
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.”
Italian insurance company Generali Group has announced that it will not only divest €2 billion worth of coal investments but will increase its green investments by €3.5 billion by 2020.
The University of Edinburgh in Scotland has announced that it will completely divest from all investments in fossil fuels within three years in a move that goes a long way toward achieving the University’s goal of becoming carbon neutral by 2040.
The National Australia Bank, one of the country’s leading banks, announced this week that it will cease financing new thermal coal mining projects, becoming the first major bank in the country to make such a decision.
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.
Protestors from NYU Divest have temporarily halted their occupation of the NYU’s Administrative Elevator upon news that the University has divested its direct holdings in Anadarko Petroleum and Noble Energy.
