Unilever to invest €1bn in making its cleaning products fossil fuel-free
A couple of months ago, Unilever announced a bold commitment to invest €1 billion over the next decade in projects that will benefit the environment and will help deliver on its goal to achieve net-zero emissions by 2039. In a bid to take it a step further, the consumer goods giant is now Read More...
England says goodbye to one of the country’s last remaining coal mines
The doom of coal is on its way in England as the country prepares the closure of one of its last remaining coal mines located in the north of the country, only two months after another nearby mine ended its coal production. Banks Group, the owner of the surface mine, applied for permission to Read More...
Britain’s biggest pension fund will now divest from fossil fuels
If we want to foster the transition from fossil fuels to renewables, then we’re going to need major financial institutions to shun companies that profit off the extraction or production of these dirty fuels. In that vein, climate campaigners will be pleased to know that the UK’s biggest pension 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...
The UK’s parliament pension fund is dumping fossil fuel investments
Good news from the clean energy front in the UK: The Parliament’s pension fund, which takes care of the pensions for members of parliament (MP), has made record investments in renewable energy and cut its exposure to fossil fuel companies. A new report from the £700m pension fund showed that Read More...
World’s largest banker of fossil fuels to no longer fund arctic drilling
If we are to truly put an end to oil and gas drilling in the Arctic, then the world’s financial institutions must stop providing the funds that support drilling operations. The good news is that America’s biggest bank is walking away from funding Arctic drilling, along with the world’s Read More...
The European Investment Bank will stop financing fossil fuel projects as soon as 2021
After seeing a massive boost for climate action and sustainability from the world’s finance sector during this year’s UN Climate Summit, the EU’s financing department has recently taken it one step further by adopting a new, game-changing energy lending policy. The European Investment Bank Read More...
Many banks invest in fossil fuels. This bank does the opposite
You have every reason to be skeptical about what your bank does with your money. After all, big banks such as Wells Fargo poured $1.9 trillion into fossil-fuel companies in the three years that followed the signing of the Paris Agreement. With that said, not all banks have been so irresponsible. Read More...
The National Trust of Great Britain has pulled its funds from fossil fuels
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 Read More...