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Tag: fossil
Why It Makes Sense For Norway To Sell Its Fossil Fuel Shares
2014-03-15 17:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Forbes: The Norwegian governments sovereign wealth fund, which owns part of almost every listed company in the world, is considering selling out of its investments in carbon-intensive firms. Given that the $840 billion fund, the worlds largest, invests the proceeds from the countrys oil and gas industry, this would be a stunning move. But the Norwegian Government Pension Fund does not have to look far for sound business reasons to take this step. Environmental groups such as Carbon Tracker, 350.org...
Study projects explosive growth in African emissions from combustion of fossil fuels and biofuels absent regulation
2014-03-12 15:30:23| Green Car Congress
Tags: study
growth
projects
african
Tax fossil fuel addiction the same way we treated tobacco addiction
2014-03-08 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Star-Ledger: Back when Fred Flintstone was puffing away on Winston cigarettes in the 1960s, it was hard to imagine the day would ever come when we would see the end of smoking in the U.S. But, much to the relief of our overburdened healthcare system, some officials now dare to predict that the adult smoking rate will drop to 5 percent or lower by mid-century. So, how is America breaking its addiction to tobacco, and what lessons can we apply to a similarly dangerous addiction - burning fossil fuels? For...
Tags: tax
treated
fuel
addiction
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
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