Europe

EU vote signals a Fossil Free future for workplace pension funds

EU institutions have reached a deal on a reform of the IORPs (Institutions for Occupational Retirement Provision) Directive that affects workplace 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 workplace pension funds to: consider climate risk and (More...)

divestment Europe

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

Utrecht calls on ABP to divest from fossil fuels

In a letter which was recently sent by the City of Utrecht to the pension fund ABP, the municipality is asking them “to withdraw any investments from the fossil industry as quickly as possible, starting with coal, nuclear and shale gas”. The municipality points out the financial risks of the carbon bubble, and states that (More...)

City Europe Netherlands

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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6 lessons on how we won a £7 billion Norway divestment

Here in Norway, we recently secured one of our biggest climate wins, if not one of the world’s biggest climate wins. Early June, Parliament decided that the Norwegian Government Pension Fund (often called “the oil fund”) is to divest from coal burning and coal producing companies. The decision means that about £7.7 billion GBP ($8.4 (More...)

Europe Norway

The Eindhoven Energy

Blog written by Louise Fitzgerald, from Fossil Free Berlin group. Last weekend over 70 Divestment activists from across Europe met in Eindhoven, The Netherlands to share experiences, learn new skills and brainstorm ideas. It was a Fossil Free Skillshare, but to its participants it came to mean much more. Strangers greeted each other with hugs, (More...)

divestment Europe Netherlands

SOAS, University of London vote to divest

SOAS, University of London, has announced that it will divest from fossil fuels within the next three years, in order to show leadership in the fight against climate change. SOAS is the first university in London to divest and the first to extend an exclusion on fossil fuel companies to its donations policy. The decision (More...)

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