Remove 2018 Remove Banking Remove Divestment
article thumbnail

Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

article thumbnail

Responsible-investing trailblazer awarded Order of Canada

Corporate Knights

Church investors dared to come to annual meetings to ask questions, or even worse, church investors filed shareholder proposals,” she wrote in a 2018 blog about her early work. EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. Both divestment and shareholder action have a role.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023 Moskowitz Prize Awarded To Research Measuring Financial Impact of Biodiversity Loss — Plus Honorable Mention Studies

3BL Media

Voice Through Divestment The other Honorable Mention paper examines how divestment of stock holdings and pledges to disinvest affect target companies and industries, given past skepticism about this link. The research underscores the significant financial impact of environmental advocacy and public sentiment,” says judge Lilian Ng. “It

article thumbnail

Investors Can Calm Troubled Waters

Chris Hall

This follows actions against Southern Water and Thames Water in 2018-19, which resulted in £257 million (US$339 million) in penalties and rebates. Many companies were banking on interest rates remaining low and stable inflation, as well as the nature of the business and regulatory environment remaining essentially the same.

article thumbnail

All Systems go for Net Zero

Chris Hall

Rasmussen expects the scheme to meet its target – self-imposed, but in line with the protocol set by the Net Zero Asset Owner Alliance (NZAOA) – to reduce greenhouse gas (GHG) emissions from its listed equities and corporate bonds by 45% by the end of 2024, from a 2018 base.

article thumbnail

2020: Fossil fuels are dead, long live the sun

GreenBiz

Exxon’s 2018 revenues were half of what it made a decade earlier; in 2019, it was only $14.3 In 2018, Transocean (yes, the folks who brought you the BP oil spill) charged Chevron $830 million ($445,000 a day) for one rig for five years. Last year, no fossil company made the top 10 list. Renting one isn’t cheap, either.

article thumbnail

The 2021 GreenBiz 30 Under 30

GreenBiz

As COVID came to dominate 2020, she helped donate more than 600,000 meals and 100,000 pounds of packaging to food banks. While at Tufts University, from which he received a bachelor’s in international relations and economics, Dowd was involved with the school’s fossil fuels divestment campaign and interned in the Obama White House.

Waste 517