How could you tell if there’s an energy transition underway? Just ask Dong Energy. The $154 billion fossil-fuel company is abandoning all fossil fuels and changing its name to Ørsted, to honor the discoverer of electromagnetism. Dong once stood for Danish Oil and Natural Gas. On Feb. 2, the company announced it will stop all use of coal by 2023. On Sep. 29, Dong sold all its … [Read more...]
40 Catholic institutions to divest from fossil fuels
Forty Catholic institutions, including the Belgian bishops’ conference and a leading church social welfare agency in South Africa, have decided to divest from fossil fuel companies. The organizations cited the call of Pope Francis in his 2015 encyclical, “Laudato Si’, on Care for Our Common Home,” to take steps to protect the environment as well as the importance of making … [Read more...]
Anglican Church of Southern Africa to divest from fossil fuels
The Anglican Church of Southern Africa (South Africa, Swaziland, Lesotho, Angola Mozambique and Namibia) passed a motion at their Provincial Synod to divest from fossil fuels. Following the Paris Climate Change agreement, it is vital that global warming does not pass a 2° degree increase, otherwise this could lead to catastrophic climate change. The Province is already … [Read more...]
Moving beyond the fossil fuel era
“We are living in a historic moment. We are seeing the start of a global transition towards renewable energy. At the same time, we’re already witnessing irreversible impacts of climate change. The talks and surrounding commitments send a strong signal to everyone – the fossil fuel era is coming to an end. As climate impacts worsen around the world, we need to seize on the … [Read more...]
Ordinary people mobilising to disrupt the fossil fuel industry
The business of unearthing coal, oil, and gas reserves to power the world is a multi trillion-dollar industry. But scientists say that in order to avoid catastrophic consequences, at least two-thirds of these reserves need to remain underground to limit global warming to two degrees Celsius. Ordinary people are joining forces to create a global grass-roots movement, geared … [Read more...]
Giant news organisation to divest from fossil fuels
The Guardian Media Group - the owners of one of the world’s most respected and influential news organisations - has begun the process of divesting itself from fossil fuels. The move follows the launch of The Guardian's own climate change campaign - in partnership with 350.org - to press two of the world’s largest charitable foundations to stop investing in oil, coal and gas … [Read more...]
Fossil-free investment portfolios soared 50%
The number of investment managers offering fossil-free portfolios to clients increased by over 50% in the past year, demonstrating a growing interest in divestment among investors. In a survey completed by 587 investment professionals, 36% indicated that they now offered investors the option to explicitly exclude the fossil fuel industry from their investments – up from 22% … [Read more...]
Investors to move money from dirty energy?
Some of our world's largest global investment funds are seriously considering dropping dirty energy. Ernest Pillay speaks with Kevin James of GCX Africa. Ernest Pillay: Investors are increasingly considering the decision to withdraw their investment in fossil fuel oil and gas companies. The latest to announce that they are considering a fossil fuel divestment plan is … [Read more...]
