Norway‘s $1 trillion sovereign wealth fund, the largest in the world, released two documents Wednesday stating it wants the companies it invests in to follow more rigorous rules on ocean plastic pollution and overall sustainability, Reuters reported. Norges Bank Investment Management (NBIM), which manages the fund that invests in more than 9,000 companies in 72 […]
Ireland took a major step Thursday towards becoming the first country in the world to divest from fossil fuels, NPR reported. The Dail, Ireland’s lower house of parliament, passed a bill Thursday which would require the country to divest its $10 billion fund from oil, coal, natural gas and peat “as soon as practicable.” The […]
By Jessica Corbett In a move that could challenge the proposed path of TransCanada’s Keystone XL pipeline—and acknowledges the U.S. government’s long history of abusing Native Americans and forcing them off their lands—a Nebraska farm couple has returned a portion of ancestral land to the Ponca Tribe. At a deed-signing ceremony earlier this week, farmers […]
The Canadian government plans to spend $4.5 billion Canadian dollars ($3.5 billion) to buy Kinder Morgan’s existing Trans Mountain pipeline and its controversial expansion project that will triple the amount of tar sands transported from Alberta to the coast of British Columbia. The pipeline has been at the center of widespread protests by environmentalists and […]
Groups of citizens have been organizing worldwide to fight against fossil fuel industry’s negative impacts on their lives. These impacts are either direct—through expropriations of land and development of infrastructure against the will of the population—or indirect—through their role in the sharp increase of climate-altering emissions threatening health and livelihoods worldwide. These movements are often […]
The Australian government announced Sunday its largest investment in the Great Barrier Reef to date. More than $500 million Australian dollars (US $379 million) will go towards helping the highly vulnerable site that’s under threat from climate change. However, some have criticized the move as a “band-aid plan” as the fossil fuel-friendly government promotes the […]
By Andrea Germanos Environmental and indigenous groups are cheering after Kinder Morgan announced Sunday it was halting most work on its controversial Trans Mountain expansion pipeline project, citing continuing opposition. “This is a sign that organizing works, and it could well be the beginning of the end for this dangerous pipeline,” declared Clayton Thomas-Muller, a […]
Kathryn “Kat” Taylor, a member of the Harvard Board of Overseers and wife of billionaire climate activist Tom Steyer, made an unprecedented public call on Harvard University to divest from fossil fuel stocks. The action comes after the university’s $37.1 billion endowment—the world’s largest academic fund—reported a lackluster 8.1 percent return that reflected “deep structural […]
A Boston judge on Tuesday sided with 13 climate activists who were arrested for protesting the West Roxbury Mass Lateral Pipeline. Judge Mary Ann Driscoll of West Roxbury District Court decided it was necessary for the protestors to engage in civil disobedience to block the construction of Spectra Energy’s high-pressure fracked gas pipeline and acquitted […]
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