Macgreeninvest

Germany to stop burning coal for energy Germany has announced that it will stop burning coal to produce energy by 2038 at the latest, and that it will close down 8 of its oldest coal-fired power plants by the end of this year. See: https://global.ilmanifesto.it/germany-says-goodbye-to-coal-the-future-is-wind-and-solar/?utm_source=il+manifesto+global&utm_campaign=6fdfcdadf0-EMAIL_CAMPAIGN_2020_01_19_04_59&utm_medium=email&utm_term=0_9da7bc042e-6fdfcdadf0-184795661&goal=0_9da7bc042e-6fdfcdadf0-184795661&mc_cid=6fdfcdadf0&mc_eid=c716936bf5

University of British Columbia supports divestment from fossil fuels Eight UBC students belonging to the campaigning organization Extinction Rebellion have ended their hunger strike after the university's Board of Governors clarified its support for divestment ($380m) of its endowment fund from fossil fuels. See: https://www.cbc.ca/news/canada/british-columbia/ubc-divestment-student-hunger-strike-ends-1.5423505

Half of UK universities committed to fossil fuel divestment 78 of the UK's 154 publicly funded universities have declared that they are divesting from fossil fuels. See: https://www.theguardian.com/environment/2020/jan/13/half-of-uk-universities-have-committed-to-divest-from-fossil-fuel

Divestment gathers momentum in the finance sector BlackRock, the world's largest financial asset management firm ($6.9tn U.S. in funds overall; $87.3bn fossil fuel portfolio), has announced plans to divest from thermal coal and to put sustainability at the heart of its investment strategy. For further details see: https://www.theguardian.com/business/2020/jan/14/blackrock-says-climate-crisis-will-now-guide-its-investments

CO2 Emissions Rise and SUVs Between 2010 and 2018 the second biggest cause of the global increase in carbon dioxide emissions was the growing sale and use of SUVs according to analysis by the International Energy Agency. For details see: https://www.iea.org/commentaries/growing-preference-for-suvs-challenges-emissions-reductions-in-passenger-car-market

MacGreenInvest: A Brief History   MacGreenInvest has its origins in a student-led group called Fossil-free McMaster, which began in 2013. In the autumn of 2015 student submitted a petition signed by 897 people, and Jim Quinn and Atif Kubursi penned a letter to the administration of McMaster University including over 100 faculty signatures.* The letter requested divestment of endowment funds from the top 100 coal and top 100 oil and gas investments ( https://gofossilfree.org/top-200 ), making the argument that:   There already exist 5X proven fossil fuel reserves needed to exceed 2C degrees increase There is a moral case for an educational institution not to invest in destruction of the climate  The removal of social license has symbolic importance (cf. divestment over apartheid) Fossil fuel investments will tank in value with the conversion to green energy use After meeting with McMaster's then-President, Patrick Deane, it was decided that Dr. Deane wou