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]
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]
Courtesy of Union Of Concerned Scientists. By Ortal Ullman, the senior outreach coordinator for the Climate & Energy program at the Union of Concerned Scientists. State treasurers can be the forgotten children of public office. They don’t tend to have the name recognition of a governor or congressperson, and many of … [continued]
The Norwegian government has announced the nation’s sovereign wealth fund will now be allowed to double its investment in unlisted renewable energy projects and will further restrict its investment in coal.
40 Catholic institutions around the world are set to announce they have joined the fossil fuel divestment movement in honor of Saint Francis of Assisi.
After several years of growing pressure from students, faculty, alumni, and outside proponents of fossil fuel divestment, Harvard University is set to pause investments in some fossil fuels.
Fossil fuel divestment has grown into a truly global movement, with institutions divesting on every continent and permeating every sector of society.
Global fossil fuel divestment continues to grow, with new figures showing that divestment has doubled in size, and now represents $5 trillion in assets under management across 688 institutions in 76 countries.
The divestment of fossil fuels from the global economy is an essential cog in helping humanity avoid global warming reaching 2°C above pre-industrial levels. Global initiatives preaching divestment are a dime-a-dozen nowadays, and have spawned a global student-led movement to pressure universities and other educational institutions to divest themselves of fossil fuel investments.
New research revealed this week has shown that over a quarter of all universities in the UK have committed to fossil fuel divestment, and are leading the way globally.
