The Vatican urges all Catholics to divest from fossil fuels
There are few other entities in the world that have such a big and far-reaching influence on people as religious institutions. Well aware of this, the Vatican has recently used its wide-ranging position of power to urge Catholics to be more environmentally conscious. Last week, the Church has Read More...
The world’s biggest divestment in oil and gas is underway
The world’s largest sovereign wealth fund, which manages $1 trillion of Norway’s assets, is to dump investments in firms that explore for oil and gas. The divestment will gradually start phasing out $8 billion held in 134 fossil fuels companies, making it the biggest divestment the world has Read More...
Norway to go ahead with biggest coal divestment yet
The fossil fuel divestment movement, which has been taking off since the beginning of this year, just received its biggest boost yet. Norway’s Parliament agreed to sell off all coal investments from its $900-billion sovereign wealth fund. The move will affect some 122 companies to the tune of Read More...
Divestment from coal is good business for French insurance giant Axa
The international fossil fuel divestment movement has been growing steadily, ahead of the U.N. Climate Summit in Paris later this year. The most recent announcement comes from French insurance giant Axa, who is slated to sell $559 million of its coal investments, while having committed over $3 Read More...