Lee Raymond, former ExxonMobil CEO, will resign from the JPMorgan board of directors at the end of the year. Raymond was elected earlier this year to continue serving as the board’s independent director through May 2021, a role he has held for the past seven years on a board on which he sat for one-third […]
By Ajit Niranjan When private equity giant Blackstone invested in alternative milk maker Oatly this summer, furious customers pledged to boycott the dairy-free drink. “Blackstone investments have been linked with deforestation activities in Brazil,” wrote British local produce shop Buth Bharraigh in a tweet announcing they would stop selling Oatly products. “I don’t want my […]
By Jessica Corbett In another win for climate campaigners, leaders of 12 major cities around the world — collectively home to about 36 million people — committed Tuesday to divesting from fossil fuel companies and investing in a green, just recovery from the ongoing coronavirus pandemic. The announcement from C40 Cities — a global network […]
A Norwegian hedge fund worth more than $90 billion has become the first major financial institution to divest from companies that lobby against action on the climate crisis, The Guardian reported Monday.
By Krissy Waite Climate activists are celebrating Deutsche Bank’s new energy policy banning financial support of drilling in the Arctic, a move which comes after years of pressure from advocacy groups. The bank, a multinational investment company headquartered in Germany, announced Monday that it will no longer offer financial services to new projects that involve […]
The Vatican urged Catholics to closely consider where they invest their money and to take a close look at the environmental impact of the companies they may be shareholders in, as Reuters reported. Pope Francis has frequently criticized wanton greed that has led to environmental degradation and a climate crisis that is uprooting the lives […]
At the behest of student activist raising awareness about the climate crisis, universities around the world have recently been pulling their investments from the fossil fuel industry. The University of California pulled all billion in its pension and endowment funds from gas, coal and oil in the fall. Sustained pressure from Georgetown University Fossil Free […]
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 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. “Barclays must stop funding the climate emergency; that’s why we’ve taken action today,” Morten Thaysen, climate finance campaigner at Greenpeace UK, said […]
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