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Tag: divest
100 philanthropic organisations have pledged to divest from fossil fuels
2015-07-01 12:22:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: One hundred philanthropic trusts, foundations and family offices, with over $5 billion (3.2bn) in assets under management, have now committed to divesting from fossil fuels and supporting the low carbon economy. Eighteen philanthropic organisations have made their commitment public today, joining existing signatories, including the Rockefeller Brothers Fund and Ben & Jerrys Foundation. Amongst the new signatories are the Ashden Trust and Joseph Rowntree Charitable Trust. The fossil fuel divestment...
Tags: organisations
fossil
fuels
pledged
Kairiki Energy signs agreement with IMC to divest Yilgarn Petroleum Philippines business
2015-06-10 01:00:00| Offshore Technology
Australia's Kairiki Energy has signed an agreement with its creditor IMC Oil & Gas Investments to divest from its Yilgarn Petroleum Philippines business due to uncertainty over the offshore Palawan contract areas.
Tags: business
agreement
energy
signs
Norway's plan to divest massive $900B fund from coal could hit US companies
2015-06-09 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ClimateWire: Directors of the Norwegian sovereign wealth fund, an investment pool worth more than $900 billion, will sell many of its coal industry holdings, officials said last week. Norway's Parliament voted Friday to ratify the decision, made a week before by the body's finance committee. Parliament ordered the fund to sell stakes in mining and power companies that directly, or indirectly, base 30 percent or more of their revenue or their regular activities on coal. The new screening method will go into...
Norways pension fund to divest from coal
2015-06-08 11:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Norways sovereign wealth fund, the largest in the world, has confirmed it will divest from coal. The move comes after the fund faced increasing pressure from the fossil fuel divestment movement. The $900 billion (590bn) government fund will sell off stocks in companies that generate more than 30% of their output or revenue from coal. Companies with coal projects in development that would see them cross the 30% threshold will also be included in the divestment process. The stakes in the companies...
Tags: fund
pension
coal
divest
Norwegian Parliament votes to divest $420M+ of Duke Energy stock
2015-06-06 15:36:48| Energy - Topix.net
Published reports say the 169-member Norwegian Parliament voted unanimously Friday to have the nation's government pension fund divest all shares in companies that get significant revenue from coal operations. The divestiture, to take place by the start of 2016, will affect 122 companies worldwide, including Charlotte-based Duke Energy .
Tags: stock
energy
votes
parliament
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