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500 students, faculty, alumni, and community members march though Harvard Yard at the "The Tide Is Turning" rally. 350.org

Harvard Board Member Calls on University to 'Stop Owning Climate Change'

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 problems" that will take years to turn around, its endowment manager said.

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Energy

Bank Funding of Fossil Fuels Soars

By Katherine Wei

Private banks around the world are back to funneling more money into the global fossil fuel sectors in 2017, according to a report released today by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Sierra Club and Honor The Earth.

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Energy
Pete Markham

A New Golden Age for Big Oil or a Golden Goodbye?

By Andy Rowell

Goldman Sachs, the investment bank at the heart of the global economy still doesn't get it.

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Energy
iStock

Paris Considers Suing the Fossil Fuel Industry

By Rachel Hubbard

Tuesday, the city of Paris has said it will explore the possibilities of suing the fossil fuel industry. In response to the city's recent climate damage including massive recent floods, Paris is considering taking this action following in the footsteps of New York and other U.S. cities.

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Climate

Naomi Klein: 'New York City Is Taking a Game-Changing First Step in Turning the World Right Side Up'

The following is a speech given by Naomi Klein in New York City on Jan. 10.

I want to thank Mayor de Blasio for this historic announcement that New York is divesting from fossil fuels and suing five oil majors.

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NYC Mayor's Office / Twitter

Empire State Building Shines Green After NYC's Decision to Take on Fossil Fuel Industry

New York City's iconic Empire State Building glowed green Wednesday night following two "watershed" announcements—that the city would seek to divest its pension funds from fossil fuel investments, and that it filed suit against five oil giants for contributing to climate change.

"The Empire State Building is shining green tonight because it's time to put our planet first. #DivestNY," Democratic Mayor Bill de Blasio tweeted Wednesday.

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350.org

'Tide Is Turning': Cheers Erupt for NYC's Suit Against Fossil Fuel Giants and for Divestment

By Andrea Germanos

Climate advocates hailed what they say is a "watershed" moment on Wednesday following two announcements by New York City: that the city would seek to divest its pension funds from fossil fuels within five years, and that it filed suit against give five fossil fuel giants for their role in driving the climate crisis.

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People's Climate March NYC. Elizabeth Stilwell / Flickr

New York Takes Giant Step to Divest From Fossil Fuels

New York Governor Andrew Cuomo and New York City Comptroller Scott Stringer released separate plans on Tuesday to divest state and city pension funds from coal, oil and gas companies.

Environmentalists are celebrating this major win in the global movement for fossil fuel divestment, as the state and city's public pension funds are among the largest in the world, representing a combined $390 billion.

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350.org / Flickr

How Bill McKibben’s Radical Idea of Fossil-Fuel Divestment Transformed the Climate Debate

By Todd Schifeling and Andrew J. Hoffman

"We need to view the fossil-fuel industry in a new light. It has become a rogue industry, reckless like no other force on Earth. It is Public Enemy Number One to the survival of our planetary civilization."

With these words, environmental activist Bill McKibben launched a radical and moral broadside against the fossil-fuel industry and its contributions to climate change in Rolling Stone magazine in 2012.

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