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Low fossil fuel prices hindering climate change fight, says IMF
2015-12-03 13:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The International Monetary Fund has issued a warning before a meeting of the Opec oil cartel that permanently low fossil fuels are choking off investment in renewable sources of energy and hindering the fight against climate change. Oil prices rallied slightly amid reports later denied that Saudi Arabia plans to announce a 1m barrels a day production cut at the talks in Vienna on Friday. The price of Brent crude was up more than 2% at just under $43.50 in early trading on Thursday. But...
Paris UN Climate Conference 2015: $1Tln in funds exit fossil fuels in 10 weeks
2015-12-02 17:13:00| Climate Ark Climate Change & Global Warming Newsfeed
Sydney Morning Herald: More than 100 institutions controlling $US800 billion ($1.09 trillion) in funds worldwide have opted to make new divestments of at least some of their fossil fuel assets in the 10 weeks running up to the Paris climate summit, according to campaign groups 350.org and Divest-Invest. The tally brings to $US3.4 trillion the amount of funds under management by firms that support at least a partial sell-off of their holdings of coal, oil or other fossil fuels. The latest to sign up range from the City...
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$3.4 Trillion: Fossil Fuel Divestment Commitments Break New Record
2015-12-02 13:48:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: The fossil fuel divestment campaign has broken a new record at COP21: More than 500 institutions representing more than $3.4 trillion in assets have made some form of divestment commitment according to 350.org and Divest Invest, two organizations coordinating the growing movement. The new numbers are another impressive leap for the divestment effort, although campaigners are quick to point out that some of the commitments are only partial divestments and the $3.4 trillion represents the total...
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FY2015 EPS Estimates for Fossil Group Inc (FOSL) Cut by KeyBanc
2015-12-01 19:23:17| Jewelry - Topix.net
Research analysts at KeyBanc cut their FY2015 earnings per share estimates for Fossil Group in a research note issued on Sunday, Zacks Investment Research reports. KeyBanc analyst E. Yruma now anticipates that the brokerage will earn $4.22 per share for the year, down from their prior estimate of $4.24.
How the US started to break its fossil fuel addiction 12 steps in 50 years
2015-11-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: 1965: The White House first acknowledges the risks of climate change, just a few weeks after Lyndon Baines Johnson becomes president. This generation has altered the composition of the atmosphere on a global scale through radioactive materials and a steady increase in carbon dioxide from the burning of fossil fuels, Johnson tells Congress on 8 February 1965. That November, he tells Congress the burning of coal, oil and gas is adding 6bn tons of carbon dioxide to the atmosphere every year. Global...
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