DONG Energy Considering Divesting Oil & Gas Business
Danish energy giant DONG Energy has confirmed rumors that it is investigating the sale of its oil & gas business, and that JP Morgan has been contracted to conduct a preliminary market assessment.
Divest
New Yorkers Challenge State & City Officials To Divest Pension Funds
New Yorkers have issued a challenge to their state and city officials to divest New York’s combined $350 billion in pension funds from fossil fuels. According to global divestment initiative 350.org and Divest New York, a new challenge has been issued to New York City Comptroller Scott Stringer and New York … [continued]
Northeastern University Students Protest For Fossil Fuel Divestment Nears Two Weeks
Students from Northeastern University began a sit-in protest on the central quad on October 3rd in protest of the university’s financial ties to the fossil fuel industries, and in an attempt to force the university to divest from those investments. The Northeastern University students are camped out on the Centennial … [continued]
King’s College London Commits To Phased Fossil Fuel Divestment
In late September, King’s College London announced that it would adopt a policy of phased fossil fuel divestment intended to reduce the university’s investments in companies involved with tar sands oil and thermal coal. According a university press release, the King’s College London Chairman’s Committee endorsed a new set of … [continued]
Australian Energy Execs Banking Millions On Unburnable Fossil Fuel Exploration
A new report has revealed the numerous multi-million dollar bonuses awarded to Australian and international fossil fuel company executives who are able to explore and expand fossil fuel reserves — reserves which are unburnable under any legitimate two-degrees climate scenario. Australia-based environmental finance campaigners Market Forces, an affiliate of Friends … [continued]
Norway’s $900 Billion Government Pension Fund Excludes Duke Energy Over Coal
Norges Bank, in administering Norway’s $900 billion Government Pension Fund, has decided to exclude Duke Energy and its subsidiaries based on the risk of severe environmental damage. Earlier this year, Norges Bank announced that it would be excluding 52 companies from Norway’s sovereign wealth fund, the Government Pension Fund Global … [continued]
Mayor Of Amsterdam Pressures Dutch Pension Fund APB To Divest From Fossil Fuels
The Mayor of Amsterdam has publicly pressured Dutch pension fund APB to divest from fossil fuel investments, according to Fossil Free Europe. According to the Fossil Free Europe initiative, a project of global climate movement 350.org, Mayor of Amsterdam Eberhard van der Laan penned a letter to the board of Dutch … [continued]
DONG Energy Divests 5 Norwegian Oil & Gas Fields
DONG Energy has divested yet more fossil fuel projects from its fleet of energy projects, this time five oil and gas fields in Norwegian waters. The Danish integrated energy company is known primarily these days for its mammoth offshore wind projects, but it is also Denmark’s largest energy company, providing … [continued]
US Bank Restricts Future Investment In Coal In Updated Climate Policy
American financial services firm US Bancorp has updated its climate policy to restrict the bank’s potential investments in coal. After several months of community actions led by Minnesota-based MN350, a spin-off from 350.org, US Bancorp, or US Bank, has published a new Environment Policy which restricts the bank’s potential investments … [continued]
Cambridge Turns Its Back On Coal & Tar Sands Investments
The University of Cambridge has blacklisted any and all investment in coal and tar sands companies following mounting pressure to divest from fossil fuels. Announced this week in a report published by the Working Group established by the University of Cambridge in early 2015 to investigate what changes should be … [continued]
