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Tag: coal
France's biggest insurer Axa axes coal investments
2015-05-25 02:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Sydney Morning Herald: France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. Axa SA Chief Executive Officer Henri de Castries said he's working to sell 500 million euros ($702 million) of coal assets and triple "green investments" to 3 billion euros by 2020. He joined investors in Paris saying companies must act to contain global warming. "There is one thing which is absolutely...
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Fossil-fuel divestment gains momentum with Axa selling coal
2015-05-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Frances largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. Axa SA Chief Executive Officer Henri de Castries said hes working to sell 500 million euros ($559 million) of coal assets and triple green investments to 3 billion euros by 2020. He joined investors in Paris saying companies must act to contain global warming. There is one thing which is absolutely...
Tags: selling
gains
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momentum
Huge Insurance Company Cites Climate Change As Reason For Divesting From Coal
2015-05-22 18:40:00| Climate Ark Climate Change & Global Warming Newsfeed
ThinkProgress: Citing climate change as a major threat, one of the worlds largest insurance companies has pledged to drop its remaining investment in coal assets while tripling its investment in green technologies. At a business and climate change conference held this week in Paris, AXA Frances largest insurer announced that it would sell 500 million ($559 million) in coal assets by the end of 2015, while increasing its green investments in things like renewable energy, green infrastructure, and green...
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Duke begins removing coal ash from dump near Charlotte
2015-05-22 04:00:13| Energy - Topix.net
Duke Energy has begun what will be the years-long process of digging up coal ash from its unlined dumps and North Carolina and removing it to safer storage. The company said in a news release issued Thursday that the first tractor-trailer loaded with ash departed its retired Riverbend power plant near Charlotte, bound for a fully lined landfill in Homer, Georgia.
Tags: begins
charlotte
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duke
Coal row takes shine off Germany's green image before G7 summit
2015-05-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Germany's clean energy drive earned it a reputation as a green leader but a domestic row over coal has highlighted the challenge of balancing economic and environmental demands and threatens its ability to lead by example. Angela Merkel, once dubbed the "climate chancellor", hopes to encourage the Group of Seven industrial nations to commit to tough goals to cut greenhouse gases at a June 7-8 summit in Bavaria before a larger year-end United Nations climate meeting in Paris. In charge of Europe's...
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