Despite objections to the contrary from those beholden to fossil fuels, the financial benefit and ethical motivation behind the divestment of fossil fuel investments is not likely to slow any time soon — if ever. A Global Initiative The fossil fuel divestment movement has exploded in popularity over the last … [continued]
The global push towards fossil fuel divestment continues, especially on university campuses, with the University of Oxford set to rule on whether to divest from fossil fuel investments. With an endowment worth approximately £3.8 billion, the University of Oxford is the second richest university in the UK (after the University of … [continued]
A group of Harvard students are taking their school to court over the school’s investment practices, in an attempt to force the illustrious institution to divest from investing in fossil fuel companies. The student lawsuit, filed by the Harvard Climate Justice Coalition, claims that the investments harm students and future … [continued]
Is the healthcare industry morally obligated to divest from fossil fuels? Does an industry that purports to aim to do away with or limit human disease really have any business investing in disease-causing fossil fuels? Those might sound like questions with simple answers, but you might be surprised at how … [continued]
One of the most senior figures in the UK’s environmental movement of recent decades, Jonathon Porritt, recently made the statement that it is now impossible for the large fossil fuel companies of today to adapt in “a timely and intelligent way to the imperative of radical decarbonization.” The statement, importantly, … [continued]
Global solar investment more than doubled in 2014, with big corporate funders choosing reliable returns from renewables instead of volatile fossil fuels.
The first-ever Global Divestment Day will bring the surging fossil fuel divestment movement to an international stage with action on five continents.
Norway’s $870 billion sovereign wealth fund announced the findings of a government commission Wednesday of its current coal, oil, and gas investments, stating that the most harmful of these climate offenders would be excluded from the Fund on a “case-by-case basis.” “We believe active ownership and engagement are appropriate primary … [continued]
China, a major strategic investor in fossil fuels, has set itself a 2014 target of slashing imports of thermal coal, and it looks as if that plan is on track. Guest contributor Justin Guay reported here in August, with a deep analysis, why consumption of Chinese coal had decreased during … [continued]
Investors face a tremendous challenge moving forward in an increasingly environmentally-conscious world, where environmental concerns, so-called ‘ethical’ investment strategies, and fears that fossil fuel assets could eventually become “stranded” by emission regulations are forcing gradual fossil fuel divestment. However, according to new research from Bloomberg New Energy Finance, such movements … [continued]
