Not exact matches
Social media is
fuelling a fundamental shift in labour relations and corporate communications, and is showing it can
do more than just complicate negotiations — it can affect control of major business announcements like
divestments, layoffs, mergers and acquisitions.
Beth Newcomer The Legislative Analyst for NYC Council Member Helen Rosenthal (District 6, Upper West Side) encouraged attendees to reach out to their local Council Members and urge them to support the following legislative initiatives: • Possible legislation regarding
divestment of the city's pension funds from fossil
fuel companies • A bill to require the city to
do a carbon footprint analysis of all the products the city procures, and to use that analysis to inform a policy of low - carbon operations • A number of bills to reduce the carbon emissions of city - owned vehicles and improve the sustainability of city buildings • A bill to enhance the city's already - strong idling laws so as to make them easier to enforce Find your Council Member here.
We
do not expect
divestment to have a financial impact on fossil
fuel companies, as President Faust implied.
Now, with oil prices crashing while the cost of production
does not; with campaigners scoring victories from the Paris climate agreement to major institutional
divestment from fossil
fuels; and with increasingly viable competition from electrified transportation, efficiency and renewables — oil companies may be facing a unique confluence of uphill challenges.
Second, if
divestment were to reduce the financial resources of coal, oil, and gas companies (which it would NOT
do), this would only reduce research and development at those same companies of: carbon capture and storage technologies; other key technological breakthroughs; and renewable sources of energy (the fossil
fuel companies are carrying out much of the R&D on renewables).
Thousands came together for Global
Divestment Mobilization to call on institutions and individuals to
do what is necessary for climate action by divesting from fossil
fuels.
How, the thinking goes,
does divestment help end fossil
fuel use, if other less green - minded investors are ready and willing to invest in anything that turns a profit?
«I
do not believe, nor
do my colleagues on the Corporation, that university
divestment from the fossil
fuel industry is warranted or wise.
Speaking at a Guardian Live debate on
divestment last week, Vince argued: «Simply selling shares of a fossil
fuel company doesn't undermine its fundamental business plan.