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Divestment: over 300 churches vote end fossil fuels investment

2014-07-11 11:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The World Council of Churches (WCC), representing 590 million people in 150 countries, has agreed on divesting from firms blamed for worsening climate change, triggering hope that major religious institutions from across the world will follow suit. The WCC is fellowship of over 300 churches, which has previously taken a stance against nuclear energy as well, preferring clean and safe renewables. The institution is also holding an Interfaith Summit on Climate Change in New York in September. The...

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Presbyterian Church (U.S.A.) debates fossil fuels at General Assembly

2014-06-23 17:09:08| Railroads - Topix.net

JUNE 3: A loaded CSX Transportation coal train sits parked on a spur track at Blackhawk Mining, LLC Spurlock Prep Plant on June 3, 2014 in Printer, Kentucky.

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Oakland votes divest dirty energy economy based fossil fuels

2014-06-19 11:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Oakland city council has unveiled plans to become the fifth Californian city to move finance away from companies blamed for worsening climate change, while also banning transportation of coal in the city. The city council has unanimously approved plans to divest its funds from companies whose primary business or enterprise is extraction, production, refining, burning and distribution of any fossil fuels and put forward recommendations for city pension funds to exclude fossil fuels from their...

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Shell letter to shareholders: fossil fuels will not create carbon bubble

2014-05-20 09:41:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: In a letter to shareholders, oil giant Shell has said that it does not believe any of its proven fossil fuel reserves will become stranded as a result of current or foreseeable future legislation concerning carbon reduction. Whilst the letter notes that climate change risks are moving up the political and public agenda, Shell seeks to reassure investors that it is taking steps to minimise emissions and prepare for more significant action against carbon emissions. The letter, signed by JJ...

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Fossil fuels: UK to 'run out of oil, gas and coal' in five years

2014-05-17 02:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Independent: The UK is set to run out of its oil, coal, and gas supplies in a little over five years, a new report had claimed. The research from the Global Sustainability Institute has said that other European countries are facing similar shortages and that many nations will become entirely dependent on energy imports in the next few years. The UK has 5.2 years of oil remaining, 4.5 years of coal and three years of gas before completely running out of fossil fuels, says the institute, which is based at...

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