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Gov. Brown says UC divestment from coal is a possibility

2014-05-16 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

LA Times: Gov. Jerry Brown suggested Thursday that UC should study the possibility of divesting its endowment of any connection to the coal industry, a move that could echo a recent decision by Stanford University. Concerned that fossil fuel burning is hastening climate change, student activists are urging the UC regents to sell off holdings in the largest such companies from the university system`s $7.7 billion general endowment fund. In the past, UC administrators said they were reluctant to do so because...

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Abraxas CEO: Frustrations May Lead To Powder River Basin Divestment

2014-05-14 16:15:00| OGI

The San Antonio-based company has no plans to drill the formation in 2014 and no capital allocated to the area.

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Index identifies most polluting companies for divestment campaign

2014-05-04 13:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The Fossil Free Indexes has released The Carbon Underground, a ranking of the worlds most polluting companies based on the potential climate impact of their reserves. The index is part of a campaign calling for investors to divest from coal, oil and gas companies. The campaign, which is spearheaded by international group 350.org, will now ask large investors, such as cities and universities, to sell their holdings in the 200 companies that make up the list. The organisation argues that divesting...

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Harvard divestment group block hall entrance and call for a meeting on fossil fuels investment

2014-05-02 11:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Students who launched the Divest Harvards Day of Action have blocked the entrance of the schools administration offices and called for a meeting with the president and the board of the university to discuss divesting from fossil fuels. The protest was set up with the aim of obtaining a meeting with Harvard trustees and president Drew Faust, in order to discuss the schools involvement with fossil fuels companies. Students have long been campaigning for the school to divest from these firms,...

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Harvard academics rally for ethically responsible fossil fuels divestment

2014-04-11 11:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Ninety-three professors from Harvard University have signed an open letter that labels its presidents attitude towards climate change as contradictory and argues that divesting from fossil fuels is an act of ethical responsibility. The letter comes after president Drew Faust announced a new climate strategy for the university and revealed that it had signed up to the UN-supported Principles for Responsible Investment (PRI) and the CDP, formerly the Carbon Disclosure Project. The signatories...

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