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Tag: divestment
Climate change: UN backs fossil fuel divestment campaign
2015-03-15 11:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UN organisation in charge of global climate change negotiations is backing the fast-growing campaign persuading investors to sell off their fossil fuel assets. It said it was lending its moral authority to the divestment campaign because it shared the ambition to get a strong deal to tackle global warming at a crunch UN summit in Paris in December. We support divestment as it sends a signal to companies, especially coal companies, that the age of burn what you like, when you like cannot...
Tags: change
campaign
fuel
climate
What is fossil fuel divestment?
2015-03-09 13:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Divestment is the opposite of investment it is the removal of stocks, bonds or funds from certain sectors or companies. The global movement for fossil fuel divestment (sometimes also called disinvestment) is asking institutions to move their money out of oil, coal and gas companies for both moral and financial reasons. These institutions include universities, religious institutions, pension funds, local authorities and charitable foundations. Evidence shows that proven fossil fuel reserves are...
Tags: fuel
fossil
divestment
Harvard faces court over fossil fuel divestment
2015-02-20 15:24:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Harvard, the worlds richest university, is set to appear in court over calls to divest from fossil fuels, Harvard is asking the court to dismiss the case against it. A group of students filed a lawsuit against Harvard for mismanagement of charitable funds. The suit, filed by seven students, argues that fossil fuel investments are damaging to the universitys reputation and its students future prospects. The group also accuses Harvard of putting profit ahead of the threats that climate change...
Tags: court
fuel
faces
harvard
Fossil fuel divestment effort comes to energy-rich Colorado
2015-02-20 11:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: A campaign to get universities to stop investing in greenhouse gas-producing fuels has come deep into energy country as activists ask the University of Colorado to divest from coal and petroleum companies. A group called Fossil Free CU planned to make the request to the university's governing Board of Regents on Friday. The board wasn't expected to make any immediate decisions. Colorado is the nation's No. 7 energy state, and its coal, oil and gas industries produce billions of dollars in revenue...
Tags: effort
colorado
fuel
fossil
Miss. senator says she plans to alter Iran divestment bill
2015-02-17 03:47:04| Automakers - Topix.net
A Mississippi state senator trying to curtail investments in Iran says she's reworking the bill over concerns that it could hurt the state's ability to work with automaker Toyota Motor Corp. The state Senate allowed Senate Bill 2807 to die at a deadline Monday without taking it up. However, the effort remains alive because the House earlier passed a similar bill, House Bill 1127.
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