Major hedge fund divesting from fossil fuels
Norwegian asset management firm Storebrand is divesting from ExxonMobil and Chevron because of their attempts to block green energy policies...
MacGreenInvest: A Brief History
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....
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