US fossil fuel divestment campaigners are hopeful that Pope Francis’ impending visit to the US will add momentum to the country’s fossil fuel divestment campaign. According to non-profit divestment campaign group 350.org, Pope Francis’ visit to the US this week could “add momentum to the rapidly growing effort, especially at … [continued]
An open letter signed by 33 hugely-prominent names has called on MIT to divest fossil fuel investments from its $12.4 billion endowment. Climatologist James Hansen, actor Mark Ruffalo, MIT Professor Noam Chomsky, and Rockefeller Brothers Fund President Stephen Heintz are among the 33 names signed to the open letter, which … [continued]
The California State Assembly has passed a bill, SB 185, which will force the state’s two largest pension funds to divest their holdings in thermal coal. SB 185 The bill, which was passed on Wednesday by a vote of 47-27, requires the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement … [continued]
Environmental leaders launched “Divest for Paris” at the Paris Divestment Conference on Tuesday in an attempt to challenge global institutions, individuals, and governments to show climate leadership. The Paris Divestment Conference, held on September 1, was co-hosted by 350.org and the European Green Party in an attempt “to further mobilise for … [continued]
A new report has found that California’s two public pension funds lost over $5 billion over the last year due to investments in the top 200 fossil fuel companies. The report was published by Trillium Asset Management, “the oldest independent investment advisor devoted exclusively to sustainable and responsible investing,” and highlights … [continued]
Originally published on RMI Outlet. Last September, a day after 400,000 people marched for the climate in the streets of New York City, the Rockefeller Brothers Fund made headlines, announcing it would ensure none of the fund’s $860 million would be invested in fossil-fuel companies. In January 2014, a group … [continued]
Sweden’s Lund University has announced that it intends to divest parts of its fossil fuel investments, at the same time as an MIT committee has recommended similar divestment. Announced on the Fossil Free website, Lund University, one of Europe’s oldest and most prestigious universities, declared that it would divest parts of its investment in … [continued]
The University of Oxford’s Smith School of Enterprise and the Environment has identified the coal companies that breach Norway’s recently announced 30% divestment threshold. Norway was criticized by many for not actually divesting from coal companies, despite its 2014 promise. However, within days of such criticism, the Norwegian Parliament announced its … [continued]
Georgetown University announced last week that it intended to divest from all coal mining businesses, but proponents of the University’s full divestment are still unhappy. According to a resolution passed by the Georgetown’s board of directors, “the University will not make or continue any direct investments of endowment funds [worth … [continued]
Norway’s sovereign wealth fund announced to the world it had divested from 51 coal companies in 2014 earlier this year, signaling one of the biggest divestment announcements of the current global divestment trend. However, a new report has shown that instead of decreasing their holdings in the coal industry, Norway’s Government … [continued]
