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A Closer Look at Harvards Choice on Fossil Fuels
2013-10-04 22:51:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: The student effort to get universities and colleges to sell off their investments in companies hawking fossil fuels continues, as can be seen in the Twitter item and photo above from Bard College. But on Thursday, Harvard University President Drew Gilpin Faust released a long and reasoned explanation of why the school will not remove fossil fuel investments from its portfolio. Her arguments were mostly macroeconomic (why disinvest when society still buys the companies products?) and financial (the...
Harvard Won't Divest Its $32.7B Endowment From Fossil Fuel Holdings
2013-10-04 12:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Harvard University, the worlds richest school, wont sell its investments in fossil-fuel companies amid pressure from students, President Drew Faust said in a letter released today. I do not believe, nor do my colleagues on the Corporation, that university divestment from the fossil fuel industry is warranted or wise, Faust said in the letter, referring to Harvard Corporation, the schools governing board. The endowment is a resource, not an instrument to impel social or political change....
Tags: fuel
harvard
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fossil
Report says efficient fossil fuel technologies will expand thermal power market
2013-10-01 01:00:00| Power Technology
Adopting innovative and efficient fossil fuel technologies, including carbon capture and storage (CCS) and combined heat and power (CHP), will foster the growth of the global thermal power market, according to a new report from GlobalData.
Tags: report
power
market
expand
Fossil fuels need to stay unburned to meet climate target
2013-09-29 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Most known reserves of fossil fuels will need to stay unburned to stop temperatures rising beyond a United Nations target that seeks to curb climate-change dangers. About 531 billion metric tons of carbon have been emitted by burning oil, coal and gas, cutting down forests and making cement since 1750, the UN said today. Capping greenhouse gas output at 840 billion tons gives a 50 percent chance of meeting the UN target of restraining warming below 2 degrees Celsius (3.6 degrees Fahrenheit), it...
Tags: meet
stay
target
climate
Vive le carbon tax: France to tax fossil fuels
2013-09-25 11:59:00| Climate Ark Climate Change & Global Warming Newsfeed
New Scientist: Australia may be out, but France is in. Two weeks after the new Australian government scrapped its carbon tax, France has announced that from next year, fossil fuel use will be taxed and the money used to further reduce emissions. The tax will target transport fuels and domestic heating, as these are not covered by the continent-wide Emissions Trading Scheme that focuses on European energy and industry. Fuel use is already taxed in France, but from next year part of this tax will be determined...
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