Divestment From Coal Does Work! Now The Finance Industry Must Reject Requests For Coal Capital
Research reveals that the coal industry has few options for securing alternative debt financing if existing funding sources vanish.
Research reveals that the coal industry has few options for securing alternative debt financing if existing funding sources vanish.
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]
As we look for methods to spend in a greener way, we buy more sustainably or invest so that we that don’t reward companies that contribute to global warming. Importantly, divestment as an act of social conscience recognizes that we all have an obligation to rise up against industrial oil’s destructive, polluting operations.
The new buzz expression for Australian mining companies that are leaving fossil fuel assets behind to chase greater profits is: “future facing commodities.” No virtue signaling here — it’s all about long-term shareholder value. CEO Mike Henry told a Sept. 8 shareholder call: “The divestment of our petroleum business and … [continued]
At stake are legitimate clean energy industries — those that don’t pollute the environment or question our future existence as a species.
Taking a look back: 350.org’s grassroots campaign “keep it in the ground” is a success story – and not yet finished. By taking a step back, sometimes solutions for complex problems seem to be surprisingly easy. If you don’t want carbon in the air, leave the raw materials that produce … [continued]
Laws to limit divestment in Texas have met with resistance, as bankers and analysts have figured out ways to detour around Big Oil in portfolios.
How did students attempt this month to persuade their institutions to divest? How is it different than previous actions?
How has the divestment movement changed the conversation around fossil fuel finance in 2021?
“It’s time to say: enough. Enough of brutalizing biodiversity. Enough of killing ourselves with carbon. Enough of treating nature like a toilet. Enough of burning and drilling and mining our way deeper. We are digging our own graves.”