Good news from the clean energy front in the UK: The Parliament’s pension fund, which takes care of the pensions for members of parliament (MP), has made record investments in renewable energy and cut its exposure to fossil fuel companies. A new report from the £700m pension … [Read more...] about The UK’s parliament pension fund is dumping fossil fuel investments
fossil fuels
World’s largest banker of fossil fuels to no longer fund arctic drilling
If we are to truly put an end to oil and gas drilling in the Arctic, then the world’s financial institutions must stop providing the funds that support drilling operations. The good news is that America’s biggest bank is walking away from funding Arctic drilling, along with the … [Read more...] about World’s largest banker of fossil fuels to no longer fund arctic drilling
The European Investment Bank will stop financing fossil fuel projects as soon as 2021
After seeing a massive boost for climate action and sustainability from the world’s finance sector during this year’s UN Climate Summit, the EU’s financing department has recently taken it one step further by adopting a new, game-changing energy lending policy. The European … [Read more...] about The European Investment Bank will stop financing fossil fuel projects as soon as 2021
Many banks invest in fossil fuels. This bank does the opposite
You have every reason to be skeptical about what your bank does with your money. After all, big banks such as Wells Fargo poured $1.9 trillion into fossil-fuel companies in the three years that followed the signing of the Paris Agreement. With that said, not all banks have been … [Read more...] about Many banks invest in fossil fuels. This bank does the opposite
The National Trust of Great Britain has pulled its funds from fossil fuels
As Europe’s largest conservation group, The National Trust of the UK is a powerful organization with loads of wealth. The organization holds up to £1 billion ($1.3 billion) in assets, with a large chunk dedicated towards fossil fuel companies including BP, Shell, and Total. In … [Read more...] about The National Trust of Great Britain has pulled its funds from fossil fuels