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California pensions should divest coal assets -state senate leader

2014-12-17 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: California pension plans would divest all assets related to the coal industry under a measure the leader of the state senate said he will propose to reduce support for an industry that critics blame for contributing to climate change. Senate President Pro Tem Kevin de León said on Monday he would introduce a bill that would require state pension plans to divest from coal assets. He had just returned from United Nations talks in Lima, Peru on international efforts to fight climate change. At the...

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Stora Enso to divest its Uetersen Mill

2014-12-13 12:42:39| Paper - Topix.net

Helsinki, Finland, 2014-12-13 12:00 CET -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 13 December 2014 at 13.00 EET Stora Enso has signed an agreement to divest its Uetersen specialty and coated fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2. The cash consideration for the divestment of the shares is approximately EUR 7 million subject to customary closing day adjustments. The loss on disposal amounts to approximately EUR 30 million and will be recorded as a non-recurring item in Stora Enso's fourth quarter 2014 results.

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Saint-Gobain to divest glass packaging specialist Verallia

2014-12-09 01:00:00| Packaging Gateway

Saint-Gobain has announced plans to divest glass packaging specialist Verallia, as part of the reorganisation of its business portfolio.

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Reynolds to divest SIG Combibloc to Onex for 3.75bn

2014-11-25 01:00:00| Packaging Gateway

Reynolds Group has agreed to divest its carton packaging and filling machines supplier SIG Combibloc to Onex Corporation, in a 3.75bn deal.

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Should Endowments Divest Their Holdings in Fossil Fuels?

2014-11-24 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Wall Street Journal: College and university endowments have roughly $22 billion, or 5% of their assets, invested in energy and natural resources, according to the National Association of College and University Business Officers. Traditional fossil-fuel investments account for a big chunk of those energy bets, which has sparked a showdown between student activists who say it is morally wrong to support an industry contributing to global climate change, and colleges and universities under pressure to raise funds for...

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