Three colleges â $ «Unity in Maine, Hampshire in Massachusetts and Sterling College in Vermont â $ «purged their portfolios
of fossil fuel stocks.
The country has confirmed that its hefty $ 900 - billion government pension fund, considered the largest sovereign wealth fund in the world, will purge
some of its fossil fuel stocks.
Divestment
of fossil fuel stocks would hurt, not help efforts to address global climate change.
Not exact matches
BOSTON, March 28 - A member
of a Harvard University oversight board made a rare public call for the school to divest itself from
fossil fuel stocks, a move that shows continuing divisions on the issue as a new president takes over at the institution and its leading $ 37.1 billion endowment.
While Peabody was only down about 10 % at the end
of May 2014, the
stock got crushed as the government proposed to reduce carbon emissions (stemming from
fossil fuels like coal), which would burn up even more
of Peabody's bottom line.
«This deal will help boost the mid - to long - term fundamentals in renewable energy generation, especially solar, while making any further investments in
fossil -
fuels increasingly vulnerable,» said portfolio manager Thiemo Lang
of Zurich's RobecoSAM, which owns solar
stocks.
At 8:15 a.m., grassroots organizations rally to urge Cuomo to stand up
fossil fuel corporations and executives, outside
of the New York
Stock Exchange, 11 Wall St., Manhattan.
The more important issue is the divestment
of fossil fuel, non-renewals,
stock from the state pension fund.
The CIOB stated that a decrease in the national reliance
of fossil fuels should run in tandem with improvements to the UK's building
stock.
«Divesting from
fossil fuel stocks doesn't solve the problem, but it sends a huge message that government and its citizens should not be investing in the type
of fuel that we know increase the problems we face rather than decrease and reverse the outcome
of climate change.»
«We found that nearly a billion metric tons
of above - ground carbon
stocks in Peru are at imminent risk for emission into the atmosphere due to land uses such as
fossil fuel oil exploration, cattle ranching, oil palm plantations and gold mining,» Asner said.
Apart from the financial savings to be made and income from the current government incentives, Cella felt it was important for the benefit
of future generations to preserve the
stocks of fossil fuels for as long as possible.
The Equity Fund invests in the
stocks of the MSCI KLD 400 Social ex
Fossil Fuels Index, the longest running sustainability index customized to exclude fossil fuel comp
Fossil Fuels Index, the longest running sustainability index customized to exclude
fossil fuel comp
fossil fuel companies.
The World ex USA SRI ex
Fossil Fuels Index is comprised of the common stocks of the companies in the MSCI World ex USA SRI Index (the World ex USA SRI Index), minus the stocks of the companies that explore for, extract, produce, manufacture or refine coal, oil or gas or produce or transmit electricity derived from fossil fuels or transmit natural gas or have carbon reserves included in the World ex USA SRI (Socially Responsible Investment)
Fossil Fuels Index is comprised of the common stocks of the companies in the MSCI World ex USA SRI Index (the World ex USA SRI Index), minus the stocks of the companies that explore for, extract, produce, manufacture or refine coal, oil or gas or produce or transmit electricity derived from fossil fuels or transmit natural gas or have carbon reserves included in the World ex USA SRI (Socially Responsible Investment) I
Fuels Index is comprised
of the common
stocks of the companies in the MSCI World ex USA SRI Index (the World ex USA SRI Index), minus the
stocks of the companies that explore for, extract, produce, manufacture or refine coal, oil or gas or produce or transmit electricity derived from
fossil fuels or transmit natural gas or have carbon reserves included in the World ex USA SRI (Socially Responsible Investment)
fossil fuels or transmit natural gas or have carbon reserves included in the World ex USA SRI (Socially Responsible Investment) I
fuels or transmit natural gas or have carbon reserves included in the World ex USA SRI (Socially Responsible Investment) Index.
As
of April 1, 2014, the Equity Fund invests in the common
stocks which make up the MSCI KLD 400 Social ex
Fossil Fuels Index; prior to April 1, 2014, the Fund invested in the common
stocks which made up the MSCI KLD 400 Social Index.
Or at the very least the accountants at Exxon Mobil must have put more than a lump
of coal in the
stocking hanging over Tierney's
fossil fuel - burning fireplace.
An article in the latest issue
of The Economist explores whether acknowledgement that some
fossil fuel stocks are unburnable means companies with big coal or oil reserves are overvalued, at least on long time horizons.
After all, the air, land and seas are being relentlessly polluted with human waste products; fresh water, fish
stocks, food reserves,
fossil fuels, and wetlands are being depleted at an alarming rate; the catastrophic effects
of massive over-consumption and unrestrained hoarding
of resources can not be sustained much longer by our small, finite, fragile planetary home.
To minimize the continued use
of fossil fuels, we also need to find another source
of chemical feed -
stocks.
The take home message was that at that time (1998) the entire
stock of Amazonian carbon equalled only 17 years
of our collective
fossil fuel emissions.
With his peripatetic campus - focused campaign for divestment in
stocks of fossil fuel companies and the fight to pressure President Obama to block the Keystone XL pipeline, McKibben has given new meaning to the word overdrive.
Afterall, the air, land and seas are being relentlessly polluted with human waste products; fresh water, fish
stocks, food reserves,
fossil fuels, and wetlands are being depleted at an alarming rate; the catastrophic effects
of massive over-consumption and unrestrained hoarding
of resources can not be sustained much longer by our small, finite, fragile planetary home.
The collapse in the oil price to 12 - year lows and bankruptcies in the coal sector underscore the risk
of «financial stranding» and signals that
fossil fuel companies need to accept that they are ex-growth
stocks and must urgently re-assess their business models accordingly.
(04/22/2013) The world could be heading for a major economic crisis as
stock markets inflate an investment bubble in
fossil fuels to the tune
of trillions
of dollars, according to leading economists.
In power generation, the installed
stock of fossil fuel plants is so great that much
of it will not be retired in the next 30 years.
However, while displacing all
fossil fuel power plants with solar and wind farms is necessary in curbing the flow
of additional greenhouse gases into our atmosphere, it does nothing to capture the prevailing
stock of greenhouse gases that has already accumulated.
Understanding the significance
of this last fact relies on the appreciation that displacing all
fossil fuel power plants with solar and wind farms, while necessary in curbing the flow
of additional greenhouse gases into our atmosphere, does nothing to capture the prevailing
stock of greenhouse gases accumulated from 150 years
of industrialization and that will remain in the atmosphere for upwards
of a hundred or more years to come.
Another frequently mentioned option is for Attorney General Eric Schneiderman
of New York to invoke the state's powerful
stock - fraud statute, the Martin Act, as the state has done in recent years to force other
fossil fuel companies to disclose more about the financial risks they face from climate change.
«Trillions
of dollars at risk as
stock markets inflate value
of fossil fuels that may have to remain buried forever, experts warn»
So the next time a green activist demands America pay more for energy, opt out
of air conditioning or divest from
fossil -
fuel stocks, the American voters should simply say, «You first.»
The world could be heading for a major economic crisis as
stock markets inflate an investment bubble in
fossil fuels to the tune
of trillions
of dollars, according to leading economists.
Paris stamps approval on the idea
of a carbon bubble: that
fossil -
fuel companies carry massively inflated
stock values, because most
of their reserves
of fuel will never be burned (that's what the accord's aspirational goal
of 1.5 degrees C means).
Fossil fuel stock prices will plummet by approximately the fraction
of stranded assets to total assets.
Perhaps the appropriate response is a program
of divestment, wherein government pension plans and officials scale down and eventually eliminate their holdings
of stocks and bonds from
fossil fuel companies.
The total
stock market capitalisation
of fossil fuel companies today is about $ 5tn.
UN climate chief Christiana Figueres called on big firms that manage trillions
of dollars
of investments to dump
fossil fuel stocks in favor
of greener alternatives, arguing that such a shift would help the firms» clients as well as the climate.
But I still maintain that we can, and MUST utilize some
of our remaining
fossil fuel stock to transition responsibly.
According to IRENA's analysis, the risk
of stranded assets is highest for the building sector: in its assessment
of stranded assets, IRENA includes the construction value that would be lost due to the needed future renovation
of building
stock to avoid it relying on
fossil fuels.
Aaron, I'm one who argued until blue in the face that «we can, and MUST utilize some
of our remaining
fossil fuel stock to transition responsibly.»
Further, as Chris Lang, editor
of Redd - Monitor, writes, while the world negotiates the future
of forest carbon
stocks, where's the discussion
of fossil fuels?
To understand the potential environmental impact
of carbon
stocks, companies need to measure uncalculated stores
of GHG emissions within their
fossil fuel reserves and account for them accordingly.»
«We encourage our portfolio companies to increase their exposure to clean energy growth markets relative to legacy
fossil fuels, and applaud Enbridge's investments in this respect,» said Jeanett Bergan, head
of responsible investments at Norwegian insurance giant KLP, which holds $ 100 million
of Enbridge
stock.
But there are signs
of a significant ratcheting up
of policy ambition in the design
of this scheme — and SEAI's increasing efforts to stimulate profound energy savings from Ireland's existing
stock via the likes
of the Deep Retrofit scheme — reflecting a recognition
of the need to help Irish people to invest in high levels
of energy efficiency and to replace climate - destroying
fossil fuels with clean, cost - effective renewable energy sources.
While natural gas is one
of the cleanest burning
fossil fuels, this statistic alone offers a bracing reminder that Canada remains a long way from the day when our housing
stock is no longer responsible for a formidable share
of the country's overall greenhouse gas emissions.
Fossil Fuel is a generic term that isn't quite correct Natural Gasoline is a distilled derivative of oil but almost all ofit is manufactured from cracked and recombined oil derivativeswhile natural gasoline is further refined intoPropane, butane, Proproline (a plastics feed stock), and Natural gasand also separates out sulfur (for fertilizer and explosives) Gasoline can be made from coal («Coaline») or from organic matter («Bio-fuel») but uses a few of oil based feed stocks instead tomake «Sythiline» (artificial gasoline) This gasoline is actually cleaner burning then natural gas with allit's «flare offs» (butane, propane, propoline, sulfur) used in theearly 19th century because it is manufactured only with essentialHydrocarbons Diesel fuel is also becoming more and more Manufactured instead ofdistilled as demand for it rises but improvements in Hydro cleaningis allowing for diesel with no volatile chemicals like sulfur andmercury (taken out for petro - chemical feedstock to make fertilizerand thermometers) In both cases what you have is pure hydro - carbons, a carbon atomwith hydrogen atoms attached to it In the case of gasoline there is CH1, cH7, CH11 When in a combustion engine the gasoline is sprayed into the pistonafter being mixed with air and the drive of the engine compressesthe the chamber filled with the gasoline mist until it's full downstoke then the spark plug causes the Exothermic reaction... which isthe conversion of the potential energy in the gasoline mist to heatand force, with the force side of that equation shooting the pistonupward and the top of the stroke kicking what's left of thecaramelized gasoline mist out into the Emission control box If the Emulsion control box wasn't there to filter out the burntgasoline particles, any potential additives and volatile chemicalsthen the caramelized gunk hitting air would create CARBON MONOXIDEin the cooler then the heat of the engine difference CARBON MONOXIDE can also become a problem if the Emissions controlBox filter, air filters or muffler filters is worn or dama
Fuel is a generic term that isn't quite correct Natural Gasoline is a distilled derivative
of oil but almost all ofit is manufactured from cracked and recombined oil derivativeswhile natural gasoline is further refined intoPropane, butane, Proproline (a plastics feed
stock), and Natural gasand also separates out sulfur (for fertilizer and explosives) Gasoline can be made from coal («Coaline») or from organic matter («Bio-
fuel») but uses a few of oil based feed stocks instead tomake «Sythiline» (artificial gasoline) This gasoline is actually cleaner burning then natural gas with allit's «flare offs» (butane, propane, propoline, sulfur) used in theearly 19th century because it is manufactured only with essentialHydrocarbons Diesel fuel is also becoming more and more Manufactured instead ofdistilled as demand for it rises but improvements in Hydro cleaningis allowing for diesel with no volatile chemicals like sulfur andmercury (taken out for petro - chemical feedstock to make fertilizerand thermometers) In both cases what you have is pure hydro - carbons, a carbon atomwith hydrogen atoms attached to it In the case of gasoline there is CH1, cH7, CH11 When in a combustion engine the gasoline is sprayed into the pistonafter being mixed with air and the drive of the engine compressesthe the chamber filled with the gasoline mist until it's full downstoke then the spark plug causes the Exothermic reaction... which isthe conversion of the potential energy in the gasoline mist to heatand force, with the force side of that equation shooting the pistonupward and the top of the stroke kicking what's left of thecaramelized gasoline mist out into the Emission control box If the Emulsion control box wasn't there to filter out the burntgasoline particles, any potential additives and volatile chemicalsthen the caramelized gunk hitting air would create CARBON MONOXIDEin the cooler then the heat of the engine difference CARBON MONOXIDE can also become a problem if the Emissions controlBox filter, air filters or muffler filters is worn or dama
fuel») but uses a few
of oil based feed
stocks instead tomake «Sythiline» (artificial gasoline) This gasoline is actually cleaner burning then natural gas with allit's «flare offs» (butane, propane, propoline, sulfur) used in theearly 19th century because it is manufactured only with essentialHydrocarbons Diesel
fuel is also becoming more and more Manufactured instead ofdistilled as demand for it rises but improvements in Hydro cleaningis allowing for diesel with no volatile chemicals like sulfur andmercury (taken out for petro - chemical feedstock to make fertilizerand thermometers) In both cases what you have is pure hydro - carbons, a carbon atomwith hydrogen atoms attached to it In the case of gasoline there is CH1, cH7, CH11 When in a combustion engine the gasoline is sprayed into the pistonafter being mixed with air and the drive of the engine compressesthe the chamber filled with the gasoline mist until it's full downstoke then the spark plug causes the Exothermic reaction... which isthe conversion of the potential energy in the gasoline mist to heatand force, with the force side of that equation shooting the pistonupward and the top of the stroke kicking what's left of thecaramelized gasoline mist out into the Emission control box If the Emulsion control box wasn't there to filter out the burntgasoline particles, any potential additives and volatile chemicalsthen the caramelized gunk hitting air would create CARBON MONOXIDEin the cooler then the heat of the engine difference CARBON MONOXIDE can also become a problem if the Emissions controlBox filter, air filters or muffler filters is worn or dama
fuel is also becoming more and more Manufactured instead ofdistilled as demand for it rises but improvements in Hydro cleaningis allowing for diesel with no volatile chemicals like sulfur andmercury (taken out for petro - chemical feedstock to make fertilizerand thermometers) In both cases what you have is pure hydro - carbons, a carbon atomwith hydrogen atoms attached to it In the case
of gasoline there is CH1, cH7, CH11 When in a combustion engine the gasoline is sprayed into the pistonafter being mixed with air and the drive
of the engine compressesthe the chamber filled with the gasoline mist until it's full downstoke then the spark plug causes the Exothermic reaction... which isthe conversion
of the potential energy in the gasoline mist to heatand force, with the force side
of that equation shooting the pistonupward and the top
of the stroke kicking what's left
of thecaramelized gasoline mist out into the Emission control box If the Emulsion control box wasn't there to filter out the burntgasoline particles, any potential additives and volatile chemicalsthen the caramelized gunk hitting air would create CARBON MONOXIDEin the cooler then the heat
of the engine difference CARBON MONOXIDE can also become a problem if the Emissions controlBox filter, air filters or muffler filters is worn or damaged.
That is why they are building the crap out
of coal and
stock piling other people's
fossil fuels.
We have an agreement between every country in the world to have a dramatic shift away from the use
of fossil fuels, and yet still
fossil fuel companies dominate our
stock exchanges, and on the basis that they're going to utilise all
of the assets, all
of those oil and gas reserves, which we absolutely can't burn.
The deal sent shares
of fossil fuel companies tumbling and lifted renewable energy
stocks on Monday.
For all their «ethical» screens and engagement and transparency, almost all
of the formal pensions options are based on funds which invest at least some money in mainstream
stocks in global companies, many
of which are involved in the kind
of issues — tax avoidance, animal abuse, short - termism,
fossil fuels — that Ethical Consumer chooses to draw attention to.
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.