On the recent Do the Math tour, Bill McKibben, Rev. Lennox Yearwood, author Naomi Klein and other speakers and a team of organizers launched a campaign calling on churches, colleges, and others to divest their stock portfolios
of investments in fossil fuel corporations — as was done in the the 1970s and 1980s as part of delegitimizing the apartheid regime in South Africa.
Students at hundreds of colleges and U.S. universities (shown in above map) have already begun campaigns to get their institutions to divest
from investments in fossil fuel companies.
Climate Solutions continues to be a central player in the coalition, bringing new and powerful voices to the table who are calling for clean energy solutions instead of
continued investment in the fossil fuels of the past.
CEO Anne - Marie Corboy said HESTA's Investments and Governance Team expects that the push to limit global warming, through a reduction in the burning of carbon, is likely to impact
investments in fossil fuel reserves in the long term.
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.
Our analysis, published this week, concluded that clean energy just had its best year ever globally, with US $ 367 billion invested — nearly 50 percent more than new
investment in fossil fuel power.
The City of New York announced that it was using its considerable financial clout to advance the fight over climate change by unveiling their plans to sell off $ 5 billion of the City's
pension investments in fossil fuel companies.
They're plowing ahead, but what has changed the landscape on this is that just in the last couple of weeks [Cuomo] said he wants state Comptroller Tom DiNapoli to seriously look at divestment of
state investments in fossil fuel.
As Schellnhuber puts it: «
Heavy investments in fossil fuels have led to big profits for shareholders, which in turn leads to greater investments in technologies that have proven to be profitable.»
Yet many countries are still
boosting investments in fossil fuel - fired power plants, a move that will «commit» the world to massive quantities of heat - trapping greenhouse gases, a new study says.
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.
The Commission might well question Dominion's plan to lock its customers into a
bad investment in fossil fuels over the next twenty years at the expense of smarter renewable alternatives.
Champion broader legislation that ends
investment in fossil fuel expansion, and funds a just transition for industry - dependent workers and communities, while supporting a clean, renewable energy economy.
If the industry is in fact incentivized to maximize near - term profits, a large conflict of interest exists, since (as you know)
investments in fossil fuel resources are typically (until recently) made years, if not decades before production, and often in different political, economic, and social contexts.
All the spin in the world can't cover up that the European Commission is attempting to push through large
scale investment in fossil fuel infrastructure at taxpayers» expense.
The team collected signatures for the petition, which requests Japanese banks to disclose their holdings in fossil fuel and nuclear companies, implement investment policies that align with the Paris Agreement goal of keeping global warming under 1.5 — 2 degrees C, and freeze any new domestic and
foreign investments in fossil fuel and nuclear related companies.
Given the MDBs» commitments to help address the climate - change challenge, continued
investments in fossil fuel generation should only occur while ramping up investments in fuel switching (to renewables), energy efficiency, and / or CCS technologies to minimize the climate impacts of misaligned projects.
But technological possibility and economic advantage will not by itself overcoming the self - interest of polluters, the political inertia against dramatic change and the trillions of dollars of soon to be
stranded investment in fossil fuel and nuclear plants.
Bloomberg New Energy Finance (BNEF) projects that by 2040, the world will have $ 3.4 trillion invested in solar — $ 1.3 trillion more than the
projected investment in fossil fuels.
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.