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Norway: First Country in the World Dumps Fossil Fuels As Divestment Movement Heats Up

2015-02-06 20:12:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Back in 2012, Bill McKibben with fellow activists including Naomi Klein, Winona LaDuke, Josh Fox and Reverend Lennox Yearwood began a nationwide tour to promote fossil fuel divestmentthat is, selling off your shares in fossil fuel companiesin an effort to combat climate change. With action in Congress impossible, McKibben saw college campusesknown for being laboratories of democracyas ground zero in the campaign for divestment. With his Do the Math campaign in sold-out concert halls...

Tags: up world country movement

 

Climate change groups split on fossil fuel divestment

2015-01-05 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/5ca02a4c-8792-11e4-bc7c-00144feabdc0.html#ixzz3NxgXUUzX A rift is emerging among investors in some of the worlds biggest energy companies over a global campaign that aims to combat climate change by making fossil fuels as...

Tags: change groups split fuel

 
 

5 reasons why Modi govt may miss FY15 divestment target

2014-12-17 06:03:14| Steel - Topix.net

Despite better investment appetite, the govt may find it difficult to raise Rs 43,000 crore through stake sales in FY15 he Narendra Modi-led central government has an uphill task ahead of it -- achieving the target of raising Rs 43,000 crore in 2014-15 through sale of stake in public-sector undertakings. Of that, it has so far managed to raise only Rs 1,700 crore , by divesting a 5% stake in Steel Authority of India.

Tags: miss target reasons govt

 

Harvard sued over push for fossil fuels divestment

2014-11-21 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Seven Harvard University students have filed a lawsuit asking a judge to force the university's governing body to divest from fossil fuel companies. The lawsuit filed Wednesday alleges investment in those companies violates the university's duties as a public charity. The complaint asks the court to compel the Harvard Corporation, the governing body, to stop investing any of its $36.4 billion endowment in gas, coal and oil companies. Harvard students have pressed the university to divest from...

Tags: push harvard fossil fuels

 

Australia divestment war shows investment is now the main climate change battleground

2014-10-30 11:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: For those following the rapid change in the climate change debate towards a more financial system orientation, a remarkable situation is unfolding in Australia that will act as a pointer to future developments elsewhere. In response to the fossil fuel free divestment campaign, the pride of the Australian education system, the Australian National University (ANU), finally caved to pressure and decided to engage the services of a socially responsible investment analyst firm to look at climate change...

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