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A month and a half ago, BlackRock, the world's largest investment firm, made waves for choosing to divest from some coal investments, setting up funds that avoided fossil fuels, and saying it would only support corporate board members who factored the climate crisis into its decisions. While the initial announcement was met with some criticism by environmental activists, BlackRock's recent decisions have cast doubt on the seriousness of its commitments to help fight the global climate crisis.
Greenpeace Activists Urge Barclays to 'Stop Funding the Climate Emergency,' Shut Down Branches Across UK
By Jessica Corbett
In a coordinated action to pressure Barclays to stop financing climate destruction, Greenpeace activists on Monday morning shut down 97 of the British investment bank's branches across the United Kingdom.
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British-based oil and gas giant BP set the most ambitious climate goal of any company in its industry yesterday when it announced that it will eliminate or offset all of its greenhouse gas emissions by 2050, according to The New York Times. Its ambitious plans included offsetting the burning of oil and gas it takes out of the ground.
Georgetown Announces Fossil Fuel Divestment, Students Across U.S. Demand Their Schools Follow Suit
By Julia Conley
Student-led anti-fossil fuel campaigns at universities across the country pointed to Georgetown University Friday as the school's board of directors announced it would divest from fossil fuels and redouble its efforts to invest in renewable energy instead.
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6 Changes in Society Could Rapidly Pave the Way to a Sustainable Future, Study Finds
- Despite efforts to achieve net-zero by 2050, global emissions are still rising.
- A new study suggests ways to fast-track efforts to decarbonize the planet.
- Building a business case for sustainable energy could drive the transition.
It's not too late to stop climate change. According to new research, decarbonizing fast enough to stabilize the climate and fast-track the planet to net-zero rests on all of us changing how we think and act — and doing it fast.
By Andrea Germanos
Climate campaigners drew attention to CNBC's Jim Cramer's comments Friday that he's "done with fossil fuels" because they're "in the death knell phase."
Youth Activists Call on California State Teachers Retirement System to End 'Toxic Relationship' With Fossil Fuel Companies
By Eoin Higgins
Youth climate activists in California descended on the state's capitol Sacramento on Thursday to demand divestment from the fossil fuel industry from public school teachers' pension system.
The Guardian became the first major international newspaper to put an outright ban on accepting money from the fossil fuel industry, citing the industry's "decades-long effort" to subvert, undermine and prevent action to stop the climate crisis, according to The Hill.
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British Medical Journal Praised for New Fossil Fuel Divestment Campaign
By Andrea Germanos
Respected medical journal The BMJ drew praise online from climate activists and medical professionals for its newly-announced fossil fuel divestment campaign.
World’s Largest Fund Manager to 'Reshape' Investment Portfolio to Consider Climate Crisis, Sustainability
BlackRock, an investment fund that manages nearly $7 trillion, will "reshape" its strategy toward investments that support environmental sustainability, according to a letter to investors from its founder and Chief Executive Larry Fink, as The New York Times reported.
Shareholders of one of Europe's biggest banks are pushing for it to stop investing in fossil fuels, in the first shareholder action of its kind targeting a European bank.