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Tag: fossil fuel
Carbon bubble risk reinforces case for fossil fuel divestment
2014-03-08 11:37:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Two new reports have strengthened the case for fossil fuel divestment, arguing that polluting energy assets fuel a 'carbon bubble` in Europe and that moving away from fossil fuels does not harm investment portfolios. One study by the Greens-European Free Alliance (EFA) analyses carbon exposure of the top 43 European banks and pension funds. It found out that in order to limit the risks posed by the carbon bubble a term that refers to the overvaluation of fossil fuels assets, given the need...
Norwegian government reviews fossil fuel divestment plan
2014-03-03 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The global campaign to encourage institutional investors to ditch their holdings in fossil fuel assets could be about to claim its biggest scalp to date, after the Norwegian government announced it would undertake a formal review of whether the country's $840bn (503bn) wealth fund should halt investment in carbon intensive firms. The Progress Party, which leads a minority government with the Conservatives and relies on support from the smaller Liberal and Christian Democrat parties, confirmed...
Tags: plan
reviews
government
fuel
Fossil fuel divestment builds capacity and resilience, says Mary Robinson
2014-02-19 15:25:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Former Irish president Mary Robinson has said the fossil fuel divestment campaign is a shining example of what must be done in the fight against climate change. Robinson, the first female president of Ireland and a former UN high commissioner for human rights, also set up the Mary Robinson Foundation for Climate Justice. Writing in an article for the Guardian, Robinson argued that the extreme flooding recently experienced in the UK will be nothing compared to the weather shocks that future...
Tags: mary
capacity
fuel
robinson
Renewable energy has saved Ireland 1bn in fossil fuel imports: SEAI
2014-02-19 01:00:00| Power Technology
Renewable energy has saved Ireland more than 1bn in fossil fuel imports apart from reducing carbon emissions by 12 million tonnes in the past five years, according to a report by the Sustainable Energy Authority of Ireland (SEAI).
Tags: energy
saved
ireland
fuel
McKibben on Fight Against Keystone XL, Fossil Fuel Divestment & Obama's Failures
2014-02-13 21:07:00| Climate Ark Climate Change & Global Warming Newsfeed
Democracy Now: Hundreds of college students are expected to risk arrest on March 2 outside the White House to pressure President Obama to reject the Keystone XL tar sands oil pipeline project. Organizers of "XL Dissent" say they hope to stage one of the largest acts of civil disobedience against the pipeline to date. The Keystone XL would carry 830,000 barrels of oil a day from Canada to the Gulf Coast. In January, a long-awaited environmental impact statement from the State Department found the Keystone XL would...
Tags: fight
fuel
failures
fossil
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