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Philanthropies including Rockefellers pledge $50 billion fossil fuel divestment

2014-09-22 13:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion from fossil fuel investments. The Global Divest-Invest coalition will announce new pledges and members one day before 120 heads of state address the United Nations on how their countries will contribute to a global effort to halt a dangerous rise in temperatures. Since the divestment movement launched three years ago, some...

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Yale committee fails to back fossil fuel divestment

2014-08-29 08:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The Yale Corporations Committee on Investor Responsibility (CCIR) has not recommended that the Ivy League school divests from fossil fuels, despite pressure from students. Instead shareholder proxy voting guidelines on climate change will be adopted. A survey conducted last year found that 83% of students at Yale University would like the school to free its endowment from fossil fuel investment, with over half of the undergraduate population taking part. After the referendum was set up an...

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Al Gore: economic case for coal divestment as strong moral one

2014-08-07 14:28:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The economic case for divesting from coal is growing and investors need to understand the risks associated with fossil fuel assets, as the world attempts to limit carbon emissions and global warming, according to Al Gore, former US vice president and chairman of Generation Investment Management, and David Blood, a senior partner at the investment firm. The divestment campaign against fossil fuels has been gathering momentum over the past year, with various universities, religious organisations...

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Argent Energy Trust Announces Divestment Of Kansas Properties

2014-07-24 19:57:00| OGI

Current production from these properties is about 95 barrels of oil equivalent per day.

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NY Times Gets It Wrong With Attacks on Tom Steyer and Fossil Fuel Divestment

2014-07-11 16:34:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Word came recently that both the Philadelphia Quakers and the Unitarian General Assembly have decided to divest from fossil fuels. It followed by a few weeks the news that the Roman Catholic University of Dayton and Union Theological Seminary, the home of many a great thinker, had done likewise. In each case I felt a kind of surge of joy, that these historic institutions were helping transform the political and moral landscape, redefining for our time what`s right and wrong. Destroying the climate,...

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