The white paper pushed back against the growing global movement to
end investment in fossil fuels.
McKibben is considered the father of the «divestment» movement — defined as applying pressure on universities and corporations to
end all investments in fossil fuel companies or other industries that contribute significant amounts of CO2 into the atmosphere.
Not exact matches
The
Fossil Fuels Divestment Act would
end any
investments in the 200 largest publicly traded companies that deal
in coal, oil or natural gas.
This election almost guarantees an
end to the brief stimulus - driven period of increased
investment in advancing energy technologies that could supplant finite
fossil fuels.
DiCaprio attended a meeting of the Divest - Invest Coalition
in New York City Tuesday, where he pledged to
end his personal and his Leonardo DiCaprio Foundation's
investments in the
fossil fuel sector.
«More than 80 leading economists from 20 countries have signed a Declaration on Climate Finance urging for an immediate
end to
investment in new
fossil fuel projects and a dramatic increase
in renewable energy
investment.»
Kim defended World Bank policies that permit
investments in fossil fuels in developing nations
in rare cases, saying it was often for power plants to supply electricity vital to help
end poverty.
The era of
fossil fuels is at the beginning of the
end, coupled with our need to urgently address climate change — massive
investment in Renewable energy is the logical conclusion.»
The Anglican Church
in Ireland has voted to put an
end to its major
investments in fossil fuel companies.
The ability of low cost
fossil fuels to depress
investments in renewable energy deployment is coming to an
end.
Civil society is not alone
in making this point, just last week, 100 economists from around the world signed the Declaration on Climate Finance, calling for an immediate
end to
investment in fossil fuel production and infrastructure.
On the morning of 12 December 2017, an artistic mobilization will take place
in Paris to send the message that Climate Finance means
ending subsidies and
investments for
fossil fuels.
For example,
in the IEA report that Chevron cites frequently, stranded assets are «capital
investment in fossil -
fuel infrastructure that
ends up failing to be recovered over the operating lifetime of the asset because of reduced demand or lower prices resulting from climate policy» [3].