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Divestment Updates

Stranded assets risk assessment now mandatory for EU pensions

EU institutions have just reached a deal on a reform of the IORPs (Institutions for Occupational Retirement Provision) Directive that affects pension funds holding assets worth EUR 3.2 trillion on behalf of around 75 million citizens of the Union. The changes include a clear requirement for EU pensions to consider climate and risks related to (More...)

Europe

Berlin votes to divest

Berlin’s parliament has just voted to divest from oil, coal and gas companies.  Today Berlin joins other European capitals like Stockholm, Paris, Copenhagen and Oslo in making a powerful, public rejection of the fossil fuel industry. The Berlin House of Representatives decided to blacklist investments in companies that are incompatible with the German capital’s goal of (More...)

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How BP messes with our museums

The six dodgiest things we’ve uncovered about the oil giant’s influence on UK museums By Danny Chivers, Art Not Oil New report published today: BP’s cultural sponsorship: a corrupting influence Fossil fuel companies have a long tradition of sponsoring the arts in order to promote their dirty brands and hide their climate misdeeds. By providing (More...)

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The Fossil Fuel Thunderdome

There is some pretty dramatic stuff happening within the fossil fuel industries these days; low oil prices, profit loss, canceled projects and downsizing — to name a few. In this blog, I’ll unpack just a small bit of what’s going on, but the longer story is all germane to the divestment discourse. Before I get (More...)

The Decarbonizer and the Moral Case for Divestment

We recently co-released a hot, new, free online tool that gives divestment campaigners an opportunity to do their own analysis of the portfolio their aiming to divest. The tool is called the Decarbonizer, and it was designed by our friends at Corporate Knights and South Pole Carbon. The tool calculates how much money a university (More...)

Mayor wants to rid Copenhagen of ‘totally wrong’ investments in coal, oil and gas

Yesterday, Copenhagen’s finance committee agreed to move forward on a proposal by the mayor to divest the fossil fuel holdings of the city’s 6.9bn kroner (€920m) investment fund. Detailed proposals for implementation will now be developed and taken to Copenhagen Council for final decision. Mayor Frank Jensen told the Danish newspaper Dagbladet Information: “Copenhagen is (More...)

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In the space of just 10 weeks…

The divestment movement has been gathering pace and building momentum ahead of the climate summit in Paris, where we announced today that more than 500 institutions representing over $3.4 trillion in assets have made some form of divestment commitment. On 21st September, we were at 400 institutions representing $2.6 trillion under management. In the past (More...)

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Why fossil fuel stock prices are doomed

Numerous fossil fuel divestment campaigners have pointed to the stock markets lately to tell trustees that they are losing significant funds by not divesting. It’s true; fossil fuel stocks have lost 30 cents on the dollar in the last 21 months alone.* That translates to big money when looking at large institutional investor portfolios like (More...)

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