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Tag: divest
Oslo becomes first capital city to divest from fossil fuels
2015-10-19 12:28:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The City of Oslo today announced that it will divest its $9 billion pension fund (EUR8 billion) from coal, oil and gas companies, becoming the first capital city in the world to ban investments in fossil fuels. Lan Marie Nguyen Berg, of the Green Party in Oslo says: We are very happy to announce that Oslo will take responsibility for the climate, both through our own policies and our investments. The time for climate action is now, and the new city government will address climate change...
Tags: city
capital
oslo
fossil
California passes bill to divest largest pension funds from coal
2015-09-04 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
InsideClimate: California is one governor's signature away from becoming the first state to mandate its major public pension funds to at least partially divest from fossil fuel holdings, which could have ripple effects across the nation. The California Assembly voted 47 to 30 on Wednesday to mandate the state's two largest pension funds divest from coal assets. It now heads to Gov. Jerry Brown's office for approval. The Senate voted in favor of the measure in June. Even though the legislation--Senate Bill...
Tags: california
bill
largest
funds
Stora Enso to Divest Packaging Plant in Komarom, Hungary
2015-08-31 17:25:50| Paper - Topix.net
Stora Enso's Komarom plant produces high quality packaging materials, multi-color offset printed corrugated board consumer packaging in flute profiles B, E, F and N. Aug. 31, 2015 - Stora Enso has signed an agreement to divest its offset printed micro-flute packaging plant in Komarom, Hungary to Van Genechten Packaging International S.A., a leading Belgian packaging company. The initial cash consideration for the divestment of the shares is approximately EUR 12 million, subject to customary closing day adjustments.
Tags: plant
hungary
packaging
stora
Shell to cut down 6,500 jobs this year, divest up to $30bn assets by 2018
2015-07-31 01:00:00| Hydrocarbons Technology
Netherlands based Royal Dutch Shell will be reducing its employee count by 6,500 this year, and speed up its spending cuts to cope with the falling oil prices.
Stora Enso to divest its Barcelona mill for a 10m
2015-07-28 20:37:04| Paper - Topix.net
Stora Enso has signed an agreement to divest its Barcelona mill, in Spain, which produces recycled-fibre based consumer board, to the private equity fund Quantum for a 10m. The deal is expected to be completed in the fourth quarter of 2015, subject to regulatory approvals.
Tags: barcelona
mill
stora
10m
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