Posts

The Financial Case for Fossil Fuel Divestment

 The financial case for fossil fuel divestment has been made for at least the last 10 years, but now even powerful investment organizations such as Blackrock and Meketa have caught on...    https://www.newyorker.com/news/daily-comment/the-powerful-new-financial-argument-for-fossil-fuel-divestment https://ieefa.org/major-investment-advisors-blackrock-and-meketa-provide-a-fiduciary-path-through-the-energy-transition/

McMaster President commits to divesting from fossil fuels

 McMaster's President, David Farrar, has committed to divesting the university from fossil fuels as soon as possible... https://www.cbc.ca/amp/1.5953194

Mark Carney's 2020 BBC Reith Lecture

Former Governor of the Bank of Canada and Bank of England Mark Carney argues for putting the market in the service of action on climate change...    https://www.corporateknights.com/magazines/2021-global-100/from-climate-crisis-to-real-prosperity-16118505/

Fossil fuels - the "invisible killer"

 An international study has found that burning fossil fuels such as coal and oil contributed to the death of almost nine million people worldwide in 2018, about one in five of all deaths that year... https://www.theguardian.com/environment/2021/feb/09/fossil-fuels-pollution-deaths-research

University of Victoria announces fossil fuel divestment

 UVic has divested $80 million of its quarter million dollar capital fund from fossil fuels... https://vancouverisland.ctvnews.ca/mobile/uvic-announces-full-divestment-of-capital-fund-from-fossil-fuels-1.5292402

A Cimate Action Plan: Top 100 world universities

 Eight Canadian universities make it into the Times Higher Education climate action plan rankings of the world's top 100 universities, with UBC an impressive No. 1 and UVic at No.4.  McMaster University doesn't make to list...   https://www.timeshighereducation.com/student/best-universities/top-universities-climate-action

Global investment giant BlackRock calls on businesses to disclose carbon reduction plans

 The CEO of BlackRock, an investment company that controls about $9 trillion in assets, is calling on businesses in which it invests to make public their plans to ensure a "net zero" carbon emission economy...   https://www.nytimes.com/2021/01/26/business/dealbook/larry-fink-letter-blackrock-climate.html  

Oil & gas giant Shell revises its assets downwards

Shell, one of the top global oil and gas corporations, has warned that its assets may be worth up to $22bn less after the recent write-down of $4.5bn as a result of a sharp drop in demand... https://www.theguardian.com/business/2020/dec/21/shell-assets-covid-oil-demand-writedown-coronavirus

Students pushing universities to divest from fossil fuels

 Universities in the UK and USA are increasingly making the commitment to divest from fossil fuels as a result of student campaigning... https://on.ft.com/2JG1ccM

Denmark to end oil & gas exploration and cut emissions 70% by 2030

 Denmark has announced plans to end further oil and gas exploration in the North Sea... https://www.theguardian.com/business/2020/dec/04/denmark-to-end-new-oil-and-gas-exploration-in-north-sea and cut emission 70% by 2030... https://www.theguardian.com/world/2020/dec/05/the-danish-climate-minister-closing-down-the-oil-industry-for-good

Faith communitites commit to fossil fuel divestment

 On November 16, to coincide with the anniversary of the Paris agreement on climate change, 47 faith institutions announced their decision to divest from fossil fuels... https://www.commondreams.org/newswire/2020/11/16/faith-institutions-announce-largest-ever-joint-divestment-fossil-fuels?cd-origin=rss

Top global oil traders rushing to invest in renewables

 The world's largest oil trading companies are moving quickly to invest billions of dollars in renewable energy as the shift away from fossil fuels accelerates...   https://www.ft.com/content/394bf3d1-95c9-45e9-ae81-6434d441e237?utm_campaign=2020_NL_Con_Energy%20and%20Commodities%20September&utm_source=emailCampaign&utm_content=&utm_medium=email  

Green energy - where the jobs are growing

 Wind, solar and other forms of renewable energy are growth areas for employment... https://www.theguardian.com/environment/2020/oct/06/growth-renewable-energy-wind-solar-generates-jobs-uk?CMP=share_btn_link

Canadian energy subsidies: fossil fuels still on top

 Since the Covid-19 pandemic began Canada has committed to support fossil fuel energy sources far more than clean energy sources...more than four 4X more! https://www.energypolicytracker.org/country/canada/

Cambridge University to divest from fossil fuels by 2030

 Campaigning by students and faculty at Cambridge University has resulted in the university administration's decision to end its multi-billion pound endowment fund investments in fossil fuels--including indirect as well as direct investments--by 2030. The university also aims to cut its greenhouse gas emissions to net zero by 2038... https://www.theguardian.com/education/2020/oct/01/cambridge-university-divest-fossil-fuels-2030-climate

Climate Action 100+ issues its first report

 Climate Action 100+, an initiative by 500 institutional investors managing $47tn in assets, has issued its first report on corporate action to address climate change. The report can be found at: http://www.climateaction100.org/

University - the place to get involved in climate activism

 University is the perfect place to meet like-minded people who are concerned about taking action over the climate crisis... https://www.theguardian.com/education/2020/aug/26/climate-activism-why-university-is-a-great-place-to-get-involved

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... https://www.theguardian.com/environment/2020/aug/24/major-investment-firm-dumps-exxon-chevron-and-rio-tinto-stock?CMP=share_btn_link

Student pressure on UK universities to tackle the climate crisis

 In January half of the UK's universities agreed to divest from fossil fuels as a result of student campaigns to tackle the climate crisis. This is part of a growing awareness of the need to make universities more environmentally sustainable... https://www.theguardian.com/education/2020/aug/21/all-universities-must-commit-to-net-zero-by-2030-tackling-campus-climate-crisis

Fossil fuel assets downgraded

The coronavirus pandemic has accelerated the shift away from fossil fuels, leading to a significant downgrading of assets on the part of the world's largest fossil fuel companies... https://www.theguardian.com/business/2020/aug/14/seven-top-oil-firms-downgrade-assets-by-87bn-in-nine-months