Money talks. And today it had something to say about the impending global climate crisis. Investors managing nearly half the world’s capital, more than $34 trillion in assets, demanded governments around the world take action to stop the impending global climate crisis, as Reuters reported in an exclusive. In an open letter to the leaders […]
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. These movements are often […]
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 […]
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. Banking on Climate Change 2018 is the ninth annual report […]
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. Paris made the commitment to […]
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. What’s happening here is not only about changing the economics of energy, speeding the transition […]
New York City’s iconic Empire State Building glowed green Wednesday night following two “watershed” announcements—that the city would seek to divest its pension funds from fossil fuel investments, and that it filed suit against five oil giants for contributing to climate change. “The Empire State Building is shining green tonight because it’s time to put […]
By Andrea Germanos Climate advocates hailed what they say is a “watershed” moment on Wednesday following two announcements by New York City: that the city would seek to divest its pension funds from fossil fuels within five years, and that it filed suit against give five fossil fuel giants for their role in driving the […]
New York Governor Andrew Cuomo and New York City Comptroller Scott Stringer released separate plans on Tuesday to divest state and city pension funds from coal, oil and gas companies. Environmentalists are celebrating this major win in the global movement for fossil fuel divestment, as the state and city’s public pension funds are among the […]
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