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United Kingdom: 'Greatest university' curbs fossil fuel investment in endowment
2015-05-19 18:36:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Oxford University said it would curb some of the most polluting fossil fuel-related investments in its 1.7 billion-pound ($3.3 billion) endowment, making it the most prominent institution to join the growing campaign for divestment from the industry. The university's governing board said it will avoid direct investments in coal and oil sands companies, of which it currently has none, and that it will also steer clear of sectors with high social and environmental risks, according to a statement released...
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United Kingdom: E.ON to invest in 1.3bn wind project in Sussex
2015-05-19 07:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Energy giant E.ON has partnered with the UK Green Investment Bank (GIB) over the construction of the Rampion offshore wind farm expected to power 300,000 homes. The Green Investment Bank has acquired a 236 million stake in the new project that once completed will help save 4,215 kt CO2 over its lifetime. Total investment supported by E.ON is 1.3 billion. The 400MW and 116-turbine wind farm will be developed off the coast of Brighton and would generate 1.333 GWh of renewable electricity,...
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United Kingdom: Renewable energy target calls for 1,000 new wind turbines, inquiry told
2015-05-19 05:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: To meet the recently struck renewable energy target figure of 33,000 gigawatt hours 1,000 wind turbines would need to be built, a Senate inquiry has been told. The government and Labor reached a compromise on Monday on the 2020 target, dropping it from its original 41,000 GwH figure to 33,000. The Coalition agreed to scrap plans for a biennial review of the target, which had been a sticking point. The government-funded clean energy regulator will monitor the progress made towards reaching the...
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united kingdom
United Kingdom: Students protest against Edinburgh University rejection divestment
2015-05-13 17:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Over 30 students have begun an occupation of the University of Edinburghs finance department in protest at Tuesdays decision by the university court not to divest from fossil fuels. Student campaigners entered the secured lobby area of Charles Stewart House on Chambers Street, which houses the finance department, just after midday on Wednesday. Security staff are so far allowing them to remain and display their banners. The protesters describe their action as a response to the universitys...
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United Kingdom: Why Univ of Edinburgh will not divest from all fossil fuels
2015-05-12 18:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: How universities invest their endowment funds is not normally headline news. But universities have found themselves in an unaccustomed spotlight over the last few months as student campaigners have called on them to withdraw their investments from companies involved in the extraction of fossil fuels. That spotlight can feel harsh when media debate takes an easy, black and white line: are they divesting, or are they not? When we looked at this over the last few months at the University of Edinburgh...
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