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    The Guardian Bans Ads From the Fossil Fuel Industry

    The Guardian Bans Ads From the Fossil Fuel Industry

    The Guardian became the first major international newspaper to put an outright ban on accepting money from the fossil fuel industry, citing the industry’s “decades-long effort” to subvert, undermine and prevent action to stop the climate crisis, according to The Hill. The move was announced on Wednesday and went into effect immediately. It is the […]

    British Medical Journal Praised for New Fossil Fuel Divestment Campaign

    British Medical Journal Praised for New Fossil Fuel Divestment Campaign

    By Andrea Germanos Respected medical journal The BMJ drew praise online from climate activists and medical professionals for its newly-announced fossil fuel divestment campaign. “Thank you for your leadership,” pediatrician and child psychiatrist Elizabeth Pinsky wrote Friday on Twitter. The case for divestment from fossil fuels is clear. We call on health professionals and medical […]

    World’s Largest Fund Manager to ‘Reshape’ Investment Portfolio to Consider Climate Crisis, Sustainability

    World’s Largest Fund Manager to ‘Reshape’ Investment Portfolio to Consider Climate Crisis, Sustainability

    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. In the letter, Fink wrote, “Climate change has become a defining factor in companies’ long-term prospects […]

    Barclays Pressed to Divest From Fossil Fuels

    Barclays Pressed to Divest From Fossil Fuels

    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. Eleven of Barclays institutional investors representing £130 billion in assets have filed a resolution to be voted on at the bank’s annual general meeting in May. […]

    Goldman Sachs Is First U.S. Big Bank to Divest From Arctic Oil and Gas

    Goldman Sachs Is First U.S. Big Bank to Divest From Arctic Oil and Gas

    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. Citing the importance of the Arctic’s fragile ecosystem and its importance to indigenous populations, the investing giant said it will decline investing in […]

    University of California Will Divest From Fossil Fuels

    University of California Will Divest From Fossil Fuels

    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. In a joint op-ed in the Los Angeles Times, Jagdeep […]