New data from Fossil Free UK reveals the shocking extent of investment in fossil fuels by UK council pension funds despite the risks. BRENDAN MONTAGUE explores the changes that need to be made in order to avoid climate catastrophe.
Since the beginning of the year, increasing efforts by both public and private institutions to reduce their exposure to fossil fuel investments have emerged and over the weekend, UK campaigners further stepped up the pressure in a serious of co-ordinated Global Divestment Mobilisation (GDM) calls for continued divestment. Remo Bebié takes an overview
The world's poorest and most vulnerable countries are doing their bit to promote the expansion of renewable energy. The least we can do in the developed world is to ensure the money in our bank account helps rather than hinders their efforts, writes JOE WARE
An influential organisation of American Muslims announced at COP22 in Marrakesh that it will end investment in fossil fuels, and urged its partners to follow suit, writes Alex Kirby. The move adds to pressure on sovereign wealth and pension funds worth $19 trillion to follow suit to meet Paris Agreement targets.
Univerisities' core mission is one of civilization and enlightenment, and that's incompatible with investing in fossil fuels that pose an existential threat to humanity and the planet, writes Cutler J Cleveland. It's is also financially prudent for for them to avoid sinking capital into future 'stranded assets' of unburnable carbon.
Members of the London Assembly yesterday voted for the London Pension Fund Authority, worth £4.8 billion, to ditch all its fossil fuel investments over a 5-year period. The vote is non-binding, but the huge 15-3 margin puts strong pressure on London Mayor Boris Johnson to follow through.