Or going further to full divestment from the most polluting fossil
fuel extraction companies.
I mentioned this to executives at Exxon before it was Exxon Mobile many times back in the 1990s when I was working with you all that if you were an energy company rather than a fossil
fuel extraction company you could be part of the future instead of part of the past.
Not exact matches
In the energy sector, improved fossil -
fuel extraction methods and differing growth outlooks are forcing legacy
companies to reconsider their strategies.
It is why natural - gas
extraction — the controversial practice known as fracking — has been virtually free of environmental regulation since 2005, and why government - owned car
companies get to use taxpayer money to lobby against stricter
fuel - economy standards proposed by the government.
The Fund avoids
companies engaged in the
extraction, exploration, production, manufacturing, or refining of fossil
fuels.
As the fossil
fuel divestment movement grows increasingly mainstream — even BlackRock recently partnered with the Natural Resources Defense Council to launch an «equity global index series that will exclude
companies linked to exploration, ownership or
extraction of carbon - based fossil
fuel reserves» — the smart long - term investment money would seem to be on divestment.
Along with other major fossil
fuel companies, it deceived the public about the risks of its products and kept us on a path of unabated fossil
fuel extraction.
Total is a French multinational
company, one of the major in Europe, whose business cover the entire oil and gas chain, from the exploration and the
extraction of the fossil
fuels, to power generation including the transportation and the distribution of energy, while also being involved in products trading.
The decision to retain holdings in the fossil
fuel industry flies in the face of recommendations from a climate change committee appointed by Reif, which this summer issued a report noting that three - quarters of the committee supported «targeted divestment from
companies whose operations are heavily focused on the exploration for and / or
extraction of the fossil
fuels that are least compatible with mitigating climate change.»
Jobs and local procurement New fossil
fuel extraction projects generate jobs and, in the case of foreign - owned fossil
fuel companies, they also inject foreign funds into our economy via wages and local procurement of goods and services.
There are others, high level employees and strategists of major oil
companies, who are driving the business of fossil
fuel extraction and can no longer take the defense that they were just following orders.
By divesting their assets from fossil
fuels, they are reducing the ability for big oil, coal and gas
companies to develop new
extraction projects, while citizens worldwide are rising to stop these projects in their communities,» said Yossi Cadan, Global Divestment Senior Campaigner at 350.org.
DOI's budget successfully greases the wheels for more government giveaways to fossil
fuel companies that will facilitate additional
extraction — but it also slashes support for renewables, the kind of energy that America really needs.
R&D for renewable energy, de-funding the EPA Energy Star program, ignoring the Social Cost of Carbon, renewing leasing / sale of coal on Federal lands without regard to whether the coal
companies are paying a reasonable price, threatening to open more Federal lands to fossil
fuel extraction... the list goes on.