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A New Divestment Focus: Fossil Fuels

2013-09-05 22:58:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: In the 1980s, it was South Africa. In the 1990s, it was tobacco. Now fossil fuels have become the focus of those who would change the world through the power of investing. A student movement has gathered momentum at more than 300 campuses over the last year. Members have encouraged college and university endowments to divest themselves of their holdings of companies in the fossil fuel business to avoid profiting from the release of carbon associated with the risk of global warming. While the efforts...

Tags: focus fossil fuels divestment

 

DealBook: A New Divestment Focus: Fossil Fuels

2013-09-05 22:58:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: In the 1980s, it was South Africa. In the 1990s, it was tobacco. Now fossil fuels have become the focus of those who would change the world through the power of investing. A student movement has gathered momentum at more than 300 campuses over the last year. Members have encouraged college and university endowments to divest themselves of their holdings of companies in the fossil fuel business to avoid profiting from the release of carbon associated with the risk of global warming. While...

Tags: focus fossil fuels divestment

 
 

Silicon Valley water district moves to join global warming divestment movement

2013-08-27 01:21:00| Climate Ark Climate Change & Global Warming Newsfeed

San Jose Mercury News: In the 1980s, hundreds of American cities, states and universities sold their investments in South African companies as part of a protest against that country's former apartheid government. Now, environmental groups are trying to duplicate that effort, but with global warming polluters in the role of villain. And, just as with South African divestment a generation ago, the Bay Area is at the head of the parade again, prompting cheers from environmentalists and jeers from skeptics who say the whole...

Tags: join water global district

 

Harvard Endowment Hires Environment Head Amid Divestment Demands

2013-07-31 18:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Harvard University hired Jameela Pedicini as vice president for sustainable investing, a position created in the wake of student activist calls for the worlds richest school to purge its holdings of fossil-fuel companies. Pedicini, who most recently was the investment officer for global governance at the California Public Employees Retirement System, will work for Harvard Management Co., the university-controlled investment arm that oversees more than $30 billion of assets. She will report to Kathryn...

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Climate change divestment campaigns go on the offensive

2013-07-30 15:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Bill McKibben, leader of the global climate action group 350.org, had barely left Australia when the Climate Commission released its report The Critical Decade 2013. The timely report underlines much that we already know. The climate is changing and the evidence continues to strengthen. The risks we were warned about are now happening. The effects of climate change endangers our "health, property, infrastructure, agriculture and natural ecosystems". More needs to be done to stabilise the climate....

Tags: the change climate climate change

 

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