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The New 200

They did it again! The smart people at Fossil Free Indexes published the new 2016 Top 200 fossil fuel companies by size of reserves — click The Carbon Underground 200. This is the list used by most divestment campaigns as the point of departure for the discussion of how to define fossil fuels when considering (More...)


Stuttgart pulls out of fossil fuels

Stuttgart, capital of the federal state of Baden-Württemberg in the southwest of Germany, decided today to pull its funds out of fossil fuels in response to the mounting threat of climate change. The new investment criteria will see the city drop about 75 Stoxx-Europe listed companies engaging in coal, oil and unconventional gas or fracking (More...)

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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...)


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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