Environmental activists won an incredible victory this week after the state of New York announced it will divest its $226 billion pension fund from fossil fuels. New York state has the third-largest pension fund in the US, with more than $12 billion having been invested in … [Read more...] about New York to divest massive pension fund from fossil fuels
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Mayors from 12 major cities commit to divesting from fossil fuels
Investing in green initiatives could accelerate an economic recovery from the Covid-19 pandemic, but if the federal government isn’t willing to divest from fossil fuels, then it’s up to local governments to do so. Recently, mayors of 12 major cities signed C40’s “Divesting from … [Read more...] about Mayors from 12 major cities commit to divesting from fossil fuels
Major hedge fund dumps oil companies for lobbying against climate action
That oil, gas, and mining companies extract resources while damaging the environment is already bad enough, but what is absolutely unacceptable is that some of these companies lobby against climate action. That’s why a Nordic hedge fund worth more than $90bn (£68.6bn) has dumped … [Read more...] about Major hedge fund dumps oil companies for lobbying against climate action
Deutsche Bank joins list of banks in banning Arctic drilling
The world could use some good news about the Arctic after weeks of battling a prolonged heatwave and wildfires. Fortunately, we have some good news: Financial giant Deutsche Bank has introduced a new energy policy banning financial support of drilling in the Arctic. The move … [Read more...] about Deutsche Bank joins list of banks in banning Arctic drilling
Britain’s coal-free streak is still going as renewables beat fossil fuels
Back in April, we published a story detailing how the UK had gone 18 days without using coal energy. Now we’re in June—and guess what? That coal-free streak is still going. Midnight on Wednesday marked two full months without burning coal to generate power, an incredible streak … [Read more...] about Britain’s coal-free streak is still going as renewables beat fossil fuels
