By Julia Conley Environmental advocates on Thursday applauded the latest organization to shift away from continued support of the fossil fuel industry—Norway’s national bank. In a move 350.org co-founder Bill McKibben called “astonishing,” Norges Bank, which oversees the world’s largest sovereign wealth fund, advised the Norwegian government to dump all of its shares in oil […]
U.S. Bank has become the first major bank in the U.S. to formally exclude gas and oil pipelines from their project financing. This groundbreaking change to their Environmental Responsibility Policy was publicly announced at the annual shareholders meeting in Nashville in April. In addition to no longer providing “project financing for the construction of oil […]
New York City’s Riverside Church, founded by the Rockefellers and the tallest church in the U.S., announced Tuesday that it intends to divest its $140 million endowment from all fossil fuels within five years. It has already divested from coal and this builds on that action in the lead up to the Peoples Climate March […]
By Osprey Orielle Lake Despite the termination of the Environmental Impact Statement for the Dakota Access Pipeline (DAPL) by the U.S. Trump administration and the oil now filling the pipeline beneath the Standing Rock Sioux people’s sacred Lake Oahe—Indigenous women leaders and their global allies remain unyielding in their quest for justice and healing regarding […]
By Fossil Free Penn At 9 a.m. today, 33 students at the University of Pennsylvania entered College Hall, sleeping bags in tow, to sit in with two demands. These demands were: 1. The immediate divestment of the University’s endowment from all companies involved with the extraction of coal and tar sands. 2. The establishment and […]
By Clara Vondrich Where goes investment, there goes the climate. This is the fact today as we stand on the brink of locking in irreversible climate change with our fossil-heavy economy. Like never before, institutional investors have the power to make or break the future. The International Energy Agency published a bombshell report in 2011 […]
Seattle City Council has voted to divest from Wells Fargo over the bank’s role as a lender to the Dakota Access Pipeline (DAPL) and other business practices, including its financing of private prison companies, and a customer fraud case where employees opened as many as two million fake accounts. The unanimous decision on Tuesday was […]
In a world’s first, the Irish Parliament voted 90 to 53 on Thursday in favor of a groundbreaking bill that would fully divest public money from coal, oil and gas. Fossil Free Europe has hailed it as a “first-of-its-kind fossil fuel divestment legislation.” https://twitter.com/trocaire/status/824622886187134977 The Fossil Fuel Divestment Bill, which was supported by almost all […]
Within 100 hours of Donald Trump‘s inauguration, in the first and largest youth-led mobilization of 2017, thousands of students across the country walked-out of class in protest of Trump and his corrupt fossil fuel billionaire cabinet. This comes just two days after nearly 3 million people mobilized in Women’s Marches around the world. Students on […]
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