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Tag: divestment
ExxonMobil Blasts Divestment Advocates Who Are Happy to Strike a Nerve
2014-10-18 10:32:43| Oil & Gas - Topix.net
ExxonMobil blasted fossil fuel divestment advocates as "out of step with reality," in a recent blog post . Activists, who want nonprofit institutions such as universities and churches to dump their stock in fossil fuel companies, celebrated in response by interpreting Exxon's criticism as a sign that recent divestment victories are troubling energy companies.
Tags: happy
strike
nerve
advocates
Fossil fuel divestment: climate change activists take aim at Australia's banks
2014-10-18 01:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Climate change activists will aim to give the big banks a $200m bloody nose on Saturday, in the latest round of what has been an increasingly bitter campaign to force the divestment of companies with fossil fuel interests. A national day of divestment will see more than 1,000 bank customers switch their accounts away from the big four banks: ANZ, Westpac, Commonwealth Bank and NAB. Campaign organisers Market Forces and 350.org claim that the major banks have already lost $250m worth of...
Divestment campaign signs up first Swedish city
2014-10-15 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Swedens seventh largest city has committed to divest its EUR225 million funds from fossil fuels. Örebro becomes the first Swedish city to fully withdraw from coal, oil and gas investments. It brings the municipalitys finances in line with its overall goal to become fossil-free by 2050. Lena Baastad, mayor of Örebro said: We need to take action on climate change on various levels. Our efforts are more meaningful when we ensure that our financial assets dont work in the opposite direction....
Tags: city
signs
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swedish
The divestment movement is gaining steam. What can it achieve?
2014-10-08 07:32:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: The most attention-grabbing event during the week of the U.N. Climate Summit was the People`s Climate March, of course. But the second most attention-grabbing event was perhaps the Divest-Invest coalitions announcement that at least 656 individuals and 181 institutions and local governments had signed onto their pledge, from actor Mark Ruffalo to the British Medical Association to the World Council of Churches. These investors collectively control more than $50 billion, and they have promised to...
Tags: it
achieve
movement
steam
Rockefellers pledge $50bn divestment from fossil fuels
2014-09-22 14:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The Rockefellers, who made their vast fortune on oil, and other philantrophic organsiations and high-wealth individuals on Monday will announce pledges to divest a total of $50bn from fossil fuel investments. The Global Divest-Invest coalition will announce new pledges and members one day before 120 heads of state address the United Nations on how their countries will contribute to a global effort to halt a dangerous rise in temperatures. Since the divestment movement launched three years ago,...
Tags: pledge
fossil
fuels
divestment
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