fossil fuel divestment News

$5 Trillion Investor Group Aims to Align Portfolios with Paris Climate Agreement

Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years. All members of the Net-Zero …

Businesses Urge U.S. Insurers to Stop Insuring, Investing in Fossil Fuel Producers

A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry’s, a unit of …

How One County Plans to Vet Insurers for Fossil Fuel Investments

“We have front row seats,” said Elise Jones, a Boulder County commissioner. Jones along with two other commissioners oversees government affairs in the Colorado county of 330,000 or so at the base of the foothills of the Rocky Mountains. Her …

Why the Worst Case for Climate Change Doesn’t Look Realistic: Viewpoint

In recent years, much of the commentary about climate change has gone from sternly serious to wildly despairing. A new report from the United Nation’s Intergovernmental Panel on Climate Change warns that the effects of climate change are accelerating and …

Liberty Mutual to Limit Coal Underwriting, Investments; Names First Sustainability Officer

Liberty Mutual Insurance said it will drastically limit future underwriting for and investment in coal risks, an apparent response to environmentalists pushing for greener investment strategies among corporations. To support this change, the insurer has also appointed its first-ever chief …

San Francisco May Screen Insurers for Their Fossil Fuels Investments

The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. The board on Tuesday voted unanimously in favor …

Hurricane Irma May Push Island States to Seek Climate Change Aid

Devastation from Hurricane Irma in the Caribbean will sharpen the demands from small island nations that top fossil-fuel consumers help them cope with damage attributable to climate change, according to representatives of some of those countries. That will put island …

Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists

Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement, according to climate-change advocates. The number …

Institutional Investors’ Fossil-Fuel Divestment Exceeds $2.6 Trillion

Portfolio managers have pledged to steer $2.6 trillion in investments away from fossil fuels in an effort to prevent catastrophic climate change. That’s a 50-fold increase from the cumulative total a year ago, $50 billion, as environmental groups increased pressure …