Today’s Solutions: November 19, 2024

As Europe’s largest conservation group, The National Trust of the UK is a powerful organization with loads of wealth. The organization holds up to £1 billion ($1.3 billion) in assets, with a large chunk dedicated towards fossil fuel companies including BP, Shell, and Total. In the past, the National Trust had pledged to cut down its own use of fossil fuels and had warned about the impact of climate change. But after a Guardian investigation revealed that the organization was investing tens of millions of pounds into oil, gas and mining companies, they were caught red-handed.

Now in a bid to escape their own hypocrisy, The National Trust is now divesting the £45 million it has invested in fossil fuel companies. That’s big news, especially because it signals that the divestment trend shows no sign of slowing down.

Earlier this year, Norway’s national oil fund worth more than $1 trillion pulled its funds away from fossil fuels and diverted them towards renewable energy. About two-thirds of the UK’s university pension funds, as well as other public pension funds, have also either divested or changed their rules. Other funds to have divested include the Irish infrastructure fund, the New York state pension fund, and Waltham Forest and Southwark councils in the UK.

Solutions News Source Print this article
More of Today's Solutions

Cross generational friendships: how teens and elders are transforming their l...

BY THE OPTIMIST DAILY EDITORIAL TEAM Andrea Levitt, 82, was feeling lonely when she met Angelo Williams, 16, at a cookies-and-tea gathering in New ...

Read More

3 essential exercise tips every woman should know, according to a sports jour...

BY THE OPTIMIST DAILY EDITORIAL TEAM Christine Yu, an award-winning sports journalist, is challenging the current quo in a male-dominated fitness sector that includes ...

Read More

Use these 3 simple ocular stretches to help keep your eyes in good shape

Whether from a big workout, a long day at work, or a new activity, we've all experienced muscle fatigue. And like all muscles in ...

Read More

What is the “motherhood penalty” and how can we get rid of it?

When discussing the gender pay gap, the idea that women take more time off after the birth of the child tends to come up. ...

Read More