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

Global Divestment Movement Celebrates Milestone: 1,000 Institutions With Nearly $8 Trillion in Assets Have Vowed to Ditch Fossil Fuels

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 to Become World's First Country to Divest From Fossil Fuels

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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A message to the Irish government to divest from fossil fuels is spelled out in lights in front of the lower house of parliament. Sasko Lazarov / 350.org

Ireland on Path to Become First Country to Divest from Fossil Fuels

Ireland took a major step Thursday towards becoming the first country in the world to divest from fossil fuels, NPR reported.

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Energy
Peruíbe, Brazil. 350.org

3 Communities Who Stood Up to Big Oil and Won

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.

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Climate
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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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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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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