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Western Australia church to divest from fossil fuels

2014-10-07 12:12:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The Anglican Diocese of Perth has decided to move its investments from carbon-intensive fossil fuels firms to renewable energy, while also calling on the federal government to scrutinise fracking and introduce carbon pricing in order to tackle climate change. The church made the decision at its annual synod last weekend, as a way of fighting climate change and leading towards a more sustainable future. The Perth Diocesan Trustees will explain how it intends to invest in clean energy over the...

Tags: australia western church fossil

FTC orders Graco to divest part of 2012 acquisition

2014-10-07 04:41:28| Industrial Machines - Topix.net

Graco will have to sell a portion of the assets of Illinois Tool Works that it acquired in 2012, following a ruling Monday by the Federal Trade Commission. File photo of a Graco factory.

Tags: part orders acquisition ftc

Stora Enso to divest Corenso renewable packaging division

2014-09-30 18:32:48| Paper - Topix.net

Stora Enso has signed an agreement to divest its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. " We have now found a good new owner for Corenso who we believe can give the company the attention it deserves and develop it further, " said Hannu Alalauri, SVP Packaging Solutions, Stora Enso Renewable Packaging.

Tags: division packaging stora renewable

Rockefeller oil dynasty to 'divest' from fossil fuels

2014-09-23 19:39:49| Oil & Gas - Topix.net

In a symbol of the times, America's biggest "oil family", the Rockefellers, has announced it will get rid of any investments or holdings in fossil fuels from its $860 million charitable fund, and target clean energy instead. The announcement is part of a $50 billion pledge by over 180 institutions to cut oil, natural gas, and coal from their portfolios and redirect investment into clean energy.

Tags: oil fossil fuels dynasty