divest

More than 450 scientists have signed a letter to PR and advertising agencies urging them to drop clients that profit from fossil fuels. The letter was released by Clean Creatives and the Union of Concerned Scientists on Wednesday, as PR Week reported, and emphasized the importance of spreading accurate information about the climate crisis. 

In an annual letter, Larry Fink, the CEO of multinational investment corporation BlackRock, said planning for a carbon-free global economy is the biggest investment opportunity of this generation, but climate activists say he wasn’t willing enough to move away from the oil and gas industry. Environmental activists believe BlackRock should stop doing business with fossil […]

It wasn’t all bad. Here’s some of the good news from this year. Environmental Rights Amendment Passes in New York Markus Spiske / Pexels In November, New Yorkers voted to add 15 words to the Bill of Rights of the New York State Constitution, stating that “each person shall have a right to clean air […]

In her first major policy action, Boston Mayor Michelle Wu signed an ordinance on Monday to divest public funds from fossil fuels. The measure prohibits public investment in any financial instrument deriving more than 15% of its revenue from fossil fuels, as well as from tobacco products or jail or prison facilities. “Boston, as a […]

Harvard University will divest its $41 billion endowment from fossil fuels, citing the financial imprudence of those investments, its leadership announced late last week. The move from the nation’s oldest university, with the largest university endowment, is a dramatic turn in the years-long battle between the administration and organizers both on- and off-campus. The university’s […]

By Sharon Kelly ExxonMobil is the world’s single largest producer of single-use plastics, according to a new report published today by the Australia-based Minderoo Foundation, one of Asia’s biggest philanthropies. The Dow Chemical Company ranks second, the report finds, with the Chinese state-owned company Sinopec coming in third. Indorama Ventures — a Thai company that […]

By Jessica Corbett “The boardrooms of the world’s largest banks are polluted to the core… How are we ever meant to stop the climate crisis if the world’s most powerful decision-makers are in bed with the companies behind the wheel!?” That’s how Bank on Our Future — a UK-based network pressuring financial players to align […]

The world’s biggest banks gave fossil fuel companies $3.8 trillion in financing in the years following the Paris agreement, according to a new report. Even though 2020 lending was down 9% compared to the previous year, it was still higher than in 2016, when the Paris agreement took effect, and lending to the 100 fossil […]