The Rockefeller family-the heirs of Standard Oil divest from fossil fuels due to climate change. The Rockefellers released a Divestment statement for the Rockefeller Brothers Fund (RBF), with assets of $860 million in assets is a private charitable foundation established in 1940. The board of trustees in 2010 made a commitment up to 10 percent [Continue]
AP2 has announced plans to divest $116 million USD (SEK 840 million) worth of fossil fuel holdings in an effort to ward off the “financial risk” of climate change. Fossil Fuel investments being removed from their investment portfolio include oil and coal companies. The Second AP Fund (AP2) is one of northern Europe’s largest pension [Continue]
China bans some coal burning and dirty coal imports in an effort to reduce super smog that has enveloped some Chinese cities such as Beijing. New regulations are to go into effect January 1st 2015, which restricts the burning of coal that has an ash content greater than 16% and sulphur content about 1% in [Continue]
According to the Harvard Crimson student activists have started a week-long fast for Fossil Fuel Divestment: Dozens of members of the Harvard community will not be swiping into dining halls this week as they participate in Divest Harvard’s week of fasting. The initiative, which lasts from Oct. 20 to Oct. 24, seeks to draw attention [Continue]
Bill Moyers interviews two leaders: Ellen Dorsey (of the Wallace Global Fund and Divest-Invest Philanthropy) and Thomas Van Dyck (RBC Wealth Management and Board Chair of As You Sow) that are helping spearhead a divestment campaign from fossil fuels and an investment in clean, green and sustainable energy solutions to help mitigate climate [Continue]