Dutch pension giant ABP to divest from fossil fuel producers
Motivated by recent climate reports by the United Nations and International Energy Agency, the Netherlands’ biggest pension fund, the ABP fund, has announced that it will divest from companies that produce fossil fuels. The change, which many of the members of the fund were demanding, was Read More...
New York to divest massive pension fund from fossil fuels
Environmental activists won an incredible victory this week after the state of New York announced it will divest its $226 billion pension fund from fossil fuels. New York state has the third-largest pension fund in the US, with more than $12 billion having been invested in fossil fuels. In fact, Read More...
Mayors from 12 major cities commit to divesting from fossil fuels
Investing in green initiatives could accelerate an economic recovery from the Covid-19 pandemic, but if the federal government isn’t willing to divest from fossil fuels, then it’s up to local governments to do so. Recently, mayors of 12 major cities signed C40’s “Divesting from Fossil Read More...
Major hedge fund dumps oil companies for lobbying against climate action
That oil, gas, and mining companies extract resources while damaging the environment is already bad enough, but what is absolutely unacceptable is that some of these companies lobby against climate action. That’s why a Nordic hedge fund worth more than $90bn (£68.6bn) has dumped its stocks in Read More...
Deutsche Bank joins list of banks in banning Arctic drilling
The world could use some good news about the Arctic after weeks of battling a prolonged heatwave and wildfires. Fortunately, we have some good news: Financial giant Deutsche Bank has introduced a new energy policy banning financial support of drilling in the Arctic. The move comes after years of Read More...
Britain’s coal-free streak is still going as renewables beat fossil fuels
Back in April, we published a story detailing how the UK had gone 18 days without using coal energy. Now we’re in June—and guess what? That coal-free streak is still going. Midnight on Wednesday marked two full months without burning coal to generate power, an incredible streak for a country Read More...
Pledge completed: UC Berkeley has now fully divested from fossil fuels
The University of California announced Tuesday that it has fully divested from all fossil fuels, making it the nation’s largest educational institution to do so as campaigns to fight climate change through investment strategies proliferate at campuses across the country. The UC milestone capped Read More...
A major university just banned beef products from its campus
Goldsmiths, a major University in London, just made a colossal statement after banning the sale of beef in campus food outlets in order to tackle the climate emergency. Under the new ban, beef products will no longer be available in the institution’s cafes and shops when the academic year begins Read More...
The divestment movement has drained more than $8 trillion from fossil fuels
At $39.2 billion, Harvard University’s endowment is the largest academic fund in the world—not all of which actually goes to academia. A large chunk is invested in private funds, bonds, and other financial instruments that don’t have to disclose what they’re betting on. That means there’s Read More...