Fossil Fuel Divestment
ExxonMobil’s Climate Change Pivot Speaks Volumes about Shareholder Activism
Pension funds and other big-dollar investors have long been challenging fossil fuel companies on climate change. In response, some have stepped up their efforts to cut greenhouse gas emissions. ExxonMobil is one of the holdouts, but cracks in its armor are finally beginning to show. Read the entire article at TriplePundit. Reuters recently reported […]
BP: Renewables Largest Source of Power by 2040
Renewable energy will continue to be the fastest-growing source of energy in the world, penetrating the energy system “more quickly than any fuel in history” to become the largest source of power by 2040, oil and gas supermajor BP said in its annual BP Energy Outlook. Read the entire article at Oil Price. Renewables […]
Chevron Set a Legal Precedent by Agreeing in Court that Humans Cause Climate Change
A federal judge at the US District Court for the Northern District of California held a five-hour tutorial to lay the scientific foundation for two lawsuits against the five biggest oil companies in the world. Read the entire article at Vox. The plaintiffs, the cities of San Francisco and Oakland, brought three world-renowned climate […]
Insurance Giant AXA Divests from Fossil Fuels, Increases Green Investments
One of the world’s biggest financial services companies is both dumping investments and ending insurance for controversial US oil pipelines, taking fossil fuel divestment to a new level. Read the entire article at The Guardian. AXA is also quadrupling its divestment from coal businesses and increasing its green investments fivefold by 2020. The moves […]
