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Tag: fossil fuel
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...
United Kingdom: Mark Carney: most fossil fuel reserves can't be burned
2014-10-13 14:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions. According to reports, Carney told a World Bank seminar on integrated reporting on Friday that the vast majority of reserves are unburnable if global temperature rises are to be limited to below 2C. Carney is the latest high profile figure...
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united kingdom
Cameron calls for ending fossil fuel subsidies and a strong climate deal in Paris
2014-09-24 11:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: UKs prime minister David Cameron said in a speech at the UNs climate summit that the country is on track to reduce emissions by 80% by 2050 but that businesses and the poorest countries need assistance in order to thrive in a low-carbon future. Speaking in New York, where world leaders gathered to discuss action on climate change, in order to ease the reaching of a global climate agreement in Paris in 2015, Cameron said the UK is playing its part. The PM said, We now need the whole world though...
Philanthropies including Rockefellers pledge $50 billion fossil fuel divestment
2014-09-22 13:42:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion 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, some...
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fuel
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Fossil Fuel companies a threat democracy?
2014-09-20 17:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Australian Broadcasting Corporation: World leaders are preparing to meet in New York next week for a major United Nations conference on Climate Change. US President Barack Obama and UK Prime Minister David Cameron will be there. But along with the leaders of India and China our Prime Minister, Tony Abbott, will not be attending, even though he will be in New York the next day for various councils of war dealing with the situation in the Middle East. The foreign minister will represent us in the climate change discussions. Dr...
Tags: companies
fuel
threat
democracy
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