A group of mayors from around the world have published a letter calling on other mayors and cities to follow suit in divesting from fossil fuel investments. The group of 12 mayors from five different countries issued its letter last week, calling on other cities around the world to divest … [continued]
More than 500 institutions have divested from fossil fuel investments totaling commitments of over $3.4 trillion, according to international climate campaign 350.org. In September 350.org announced that fossil fuel divestment pledges had surpassed $2.6 trillion, representing 430 institutions and 2,040 individuals spread out over 43 countries. The divestment campaign has … [continued]
The prestigious London School of Economics announced this week that it would divest from its £97.2 million in investments in coal and tar sands companies. The London School of Economics (LSE) Council approved a series of recommendations that it believed would “strengthen the School’s socially responsible investment policy.” Specifically, according to … [continued]
One of the world’s largest insurers, Allianz, has announced it will begin divesting from coal in favor of investing in renewable energy. Allianz is one of world’s largest financial asset managers, and the company announced on Tuesday, in concert with its Capital Markets Day, that it would begin phasing out … [continued]
The University of Surrey has announced that it plans to divest its current fossil fuel investments, becoming the first UK university in the new academic year to do so. The University of Surrey Finance Board made the announcement this week, voting to sell its current fossil investments, following two years … [continued]
Eight months after becoming the first capital city to divest from coal, Oslo has announced it intends to divest its pension fund from all fossil fuels — coal, oil, and gas. According to Fossil Free Europe, which reported the news Monday, the City of Oslo announced that it intends to divest … [continued]
New figures suggest that UK local council pension funds lost up to £683 million because of failed investments in coal. According to new calculations by Platform London, and released in conjunction with 350.org, Friends of the Earth, and Community Reinvest, failed investments in coal firms caused by the recent coal crash cost … [continued]
Students from Harvard University have continued their legal fight, which aims to force Harvard University to divest its endowments from fossil fuel investments. A group of Harvard University students, the Harvard Climate Justice Coalition, have been fighting a long-running battle to legally force their university to divest itself from investing … [continued]
The Rainforest Action Network has urged financial services giant Morgan Stanley to stop financing coal mining and coal-fired power. The Rainforest Action Network (RAN) has “been holding the US banking sector accountable for its environmental and human rights impacts” for fifteen years. Most recently RAN succeeded in seeing the Bank of … [continued]
The global divestment movement has topped $2.6 trillion, according to an announcement made Tuesday in New York. Representatives from the global financial, faith, and environmental spaces met in New York on Tuesday to announce that, to date, 430 institutions and 2,040 individuals across 43 countries and representing $2.6 trillion in assets … [continued]
