Tag: fossil fuel divestment
The activists represented a broad coalition of grassroots organizations that had come to Malvern to stage an intervention over Vanguard’s $300 billion investments in fossil fuels.
Should hospitals decide not to join the fossil fuel divestment movement, they risk betraying their mission to serving their patients, new report said.
“This is one of the most insane misallocations of capital in human history.”
“California cannot be a climate justice leader if we continue to invest in the companies that are polluting our environment.”
Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016.
“This decision aligns with Rutgers’ mission to advance public health and social justice.”
Author, environmentalist and 350.org co-founder Bill McKibben says the Rutgers divestment decision is “a big deal,” especially as it happened at one of the oldest universities in the United States.
The OCC’s new rule could stunt divestment campaigns by requiring major banks to justify each individual decision to regulators using “quantitative, impartial risk-based standards established by the bank in advance.”
The University of Cambridge announced it will "remove all direct and indirect investments in the fossil fuel industry from its £3.5 billion endowment fund by 2030."
It appears it’s just cutting its losses on money-losing endeavors like fracking in America, tar sands oil production in Canada, and frontier exploration by U.K. companies in Africa and South-East Asia.
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