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Tag: divestment
The Norwegians just made a huge move in palm oil divestment
2015-09-05 12:07:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: Imagine if people started selling their shares of Berkshire Hathaway, the biggest corporate conglomerate in the U.S., because it owned a company that invested in coal-fired power plants. It sounds improbable right? Pull money out of a successful parent company just because one of their subsidiaries was acting badly? Its just not the way the world usually works. But thats about what the Norwegian Pension Fund the wealthiest sovereign fund in the world, which controls $870 billion just did...
Why the fossil fuel divestment movement may ultimately win
2015-07-28 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale 360: Nestled in Vermonts bucolic Champlain valley, Middlebury College is a seedbed of environmental activism. Middlebury students started 350.org, the environmental organization that is fighting climate change and coordinating the global campaign for fossil-fuel divestment. Bill McKibben, the writer and environmentalist who is spearheading the campaign, has taught there since 2001. Yet Middlebury has declined to sell the oil, gas, and coal company holdings in its $1 billion endowment. McKibbens alma...
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United Kingdom: University of Warwick commits to fossil fuel divestment
2015-07-09 12:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: After two years of campaigning from staff and students, the University of Warwick has committed to divesting from fossil fuels. The educational institution has joined a host of other UK universities pledging to some form of divestment. Members of the University Council met on Wednesday to make a strategic decision on continuing to invest in fossil fuels. The University of Warwick currently holds a 14 million endowment, 1 million of which is invested in oil, gas and coal companies. The Council...
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Fossil fuel divestment alone will not halt climate change: Gates
2015-06-26 23:07:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: Fossil fuel divestment would be ineffective on its own as a means of halting global warming, software billionaire and philanthropist Bill Gates said Friday. Pulling money out of carbon-heavy industry must be coupled with large spending on alternative technologies to make any difference, said the Microsoft mogul who is under fire for his charitable Bill and Melinda Gates Foundation's reported $1.4-billion (1.3-billion-euro) investment in carbon-spewing companies like BP. The Financial Times reported...
Tags: change
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gates
MIT panel calls for targeted divestment in coal, tar sands
2015-06-18 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Boston Globe: In a sweeping new report, a climate change committee at MIT has thrown its support behind targeted divestment from coal and tar sand companies and called for the creation of a new institute dedicated to global warming. The 52-page report, released this week, described climate change as "society's grandest challenge of the present day, possibly of all time,' and urged broad action in confronting it. "The time has come for MIT to play a prominent, visible part in the action and solutions needed...
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