Dutch pension giant ABP to divest from fossil fuel producers
Motivated by recent climate reports by the United Nations and International Energy Agency, the Netherlands’ biggest pension fund, the ABP fund, has announced that it will divest from companies that produce fossil fuels. The change, which many of the members of the fund were demanding, was Read More...
Harvard University will divest from fossil fuels
Back in 2019, we reported that a group of activists was working to reduce Harvard University’s investments in fossil fuels. Today, we are happy to report that the school has announced it will divest its nearly $42 billion endowment from fossil fuels. Announced by university president Lawrence Read More...
All pension funds in Maine must now divest from fossil fuels
We recently wrote about New York state’s move to divest from fossil fuels in their pension fund. Now, the state of Maine is adopting legislation to match that commitment and take it one step further. Signed into law by Governor Janet Mills, the state’s new legislation bans any state Read More...
French central bank to drop coal and limit oil and gas in portfolio
The French central bank is looking towards a greener future with the announcement that it will divest from coal and limit gas and oil investments in its portfolio by 2024. The Bank of France, which manages 22 billion euros, will no longer invest in companies that generate more than 2 percent Read More...
World’s largest wealth fund drops fossil fuel investments
The world’s biggest wealth fund was built on Norway’s oil and gas production revenue. Now, the fund is shifting course and taking a stand against global warming by excluding some of the world’s largest fossil fuel companies from its portfolio. The fund, which owns about 1.5 percent of Read More...
1,000 institutions commit themselves to divest from fossil fuels
A remarkable number of 1,000 institutions have pledged to drop investments in coal, oil, and gas companies, following increasing pressure from global campaigners. Pressure is mounting for nations and businesses to eradicate fossil fuels altogether after scientists warned it was the only way to Read More...