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Divestment Updates

Oslo divests from coal – – the first capital city to do so

Just a few short weeks after 1000 people hit the streets of Oslo demanding divestment from fossil fuels on Global Divestment Day, we’re hearing reports that the City of Oslo has responded by divesting from coal. Oslo is divesting US$7 million from its pension fund investments in coal.  This places Oslo as the first capital (More...)

Bigger reserves, bigger companies, bigger need to divest!

In participation with Global Divestment Day, Fossil Free Indexes LLC just released an updated Carbon Underground list for the divestment movement to take forward. It’s now posted on gofossilfree.org/top-200/ This is a list of the top 100 coal companies and the top 100 oil and gas companies by size of reserves converted to CO2 equivalent. (More...)

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Why I #Divest

Ahead of Global Divestment Day we asked people from across the fossil free divestment network which institution they wanted to divest and why. Here’s just a few of the responses.  Share why you divest – Take a photo of yourself holding a divestment message and share it on social media using:  Why I #Divest     (More...)

This is what the fossil fuel industry thinks about you:

A fossil fuel industry PR group just released this cartoon video as an attack against Global Divestment Day: The Environmental Policy Alliance is a front group for Big Oil that pushes out specious and inaccurate opposition research on individuals and organizations who fight climate change. The group is led by Rick Berman, who was taped (More...)

Christian theologians consider: “Is it ethical to invest in fossil fuels?”

In a new Bright Now paper, Christian theologians, scientists and environmentalists consider the question ‘Is it ethical to invest in fossil fuels?’, arguing that the Church must transition away from fossil fuels and towards clean energy as a matter of life and faith. As the international fossil fuel divestment movement grows, Churches around the world (More...)

Faith Global Divestment Day UK

Norway’s divestment is great news. But this is the last moment to be complacent.

Today’s news that the Norwegian Sovereign Wealth (oil)  Fund has divested from a total of 22 companies, potentially totaling billions of dollars in assets, is a huge win for the rapidly growing divestment campaign and should be celebrated. In fact, in terms of amount of money it is likely the biggest divestment decision to date, (More...)

Chalmers is first Swedish University to divest

Brilliant news, just in. The first Swedish university has announced it is divesting from coal, oil and gas! Chalmers University of Technology has long been a university showing leadership on sustainability – and now they’re selling assets in fossil fuels worth almost 5 million SEK. The Swedish divestment movement is gaining momentum rapidly and making (More...)

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The Great Deflation

Some thoughts and updates on the financial situation as it relates to the Carbon Bubble, and what it means for the divestment movement and divestment campaigns. Not all bubbles pop in the same way – that is, not all bubbles are created equal. We may not see a steep and dramatic drop in the stock (More...)