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In response a report by Majority Action, members of New York Communities for Change (NYCC), Mothers Out Front (MOF), Sunrise Movement NYC, Sierra Club and 350Brooklyn gathered for a press conference on Sept. 17, 2019 outside BlackRock offices in New York City. Erik McGregor / LightRocket via Getty Images

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.

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Barclays pictured in Blackwall, London, England. Håkan Dahlström Photography / Flickr / CC BY 2.0

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.

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Protesters hold signs at a protest inside JP Morgan Chase headquarters in Manhattan on Nov. 20. As Goldman Sachs divests from Arctic Oil explorations, Rainforest Action Network says the move shows other Big Banks like JP Morgan Chase can too. Erik McGregor / LightRocket / Getty Images

Goldman Sachs, one of the world's largest investment banks, gave a minor victory to the divestment movement by declaring that it will not fund an new arctic oil explorations, as CNN reported.

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The European Investment Bank will stop lending for fossil fuel projects. ForgeMind Archimedia / CC BY 2.0

By Eoin Higgins

Climate activists celebrated Thursday the decision of the European Investment Bank to stop funding most oil and coal projects by 2021, part of a bid to be the world's first "climate bank."

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A protestor holds up her hand covered with fake oil during a demonstration on the U.C. Berkeley campus in May 2010. Justin Sullivan / Getty Images

The University of California system will dump all of its investments from fossil fuels, as the Associated Press reported. The university system controls over $84 billion between its pension fund and its endowment. However, the announcement about its investments is not aimed to please activists.

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Aerial view of Denmark's Baltic Sea Coast. schneider_photografie / Pixabay

A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement.

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Waterloo Bridge during the Extinction Rebellion protest in London. Martin Hearn / Flickr / CC BY 2.0

Money talks. And today it had something to say about the impending global climate crisis.

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By Andy Rowell

The beginning of the end of the age of oil moved a step closer Friday, with Norway's government recommending that its $1 trillion wealth fund should divest from upstream oil and gas producers.

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Matt Remle, far left, and the organization Mazaska Talks led months of protests at Seattle's pipeline- and tar-sands-funding banks: Chase, Wells Fargo, Bank of America, TD Bank and US Bank. Alex Garland

By Deonna Anderson

In February 2017, Seattle became the first city to pass legislation to divest from a financial institution because of its role in funding the Dakota Access pipeline.

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The Overpass Light Brigade at Bascom Hall in Madison, Wisconsin on April 4, 2014. depthandtime / Flickr

By Jake Johnson

While the COP24 climate talks are at risk of ending without a concrete plan of action thanks in large part to the Trump administration's commitment to a dirty energy agenda, environmental groups on Thursday celebrated a major milestone in the global movement to take down the fossil fuel industry after the number of public and private institutions that have vowed to divest from oil, gas and coal companies surpassed 1,000.

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Ireland's landmark Fossil Fuel Divestment Bill passed the Seanad, or upper house, on Thursday, putting the Emerald Isle on track to become the first country in the world to divest from fossil fuel-related funds.

The bill—which requires the Ireland Strategic Investment Fund to sell off about €318 million ($361 million) investments in coal, oil, gas and peat assets over a five year period—now heads to President Michael D. Higgins for signature, where it will likely become law by the end of the year, according to the Irish Times.

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