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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.
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.
How did the fossil fuel industry manage to raise a generation of climatechange deniers? A research group has just identified a big component of that attitude shift: the fossil fuel industry’s decades-long campaign to bury the truth by cozying up to universities and discrediting climate science.
The proposal follows decisions by the pension funds to divest from fossil fuel reserve owners in their public equities portfolio in 2018, and to exclude upstream fossil fuel investments, including exploration and extraction, in their private markets investments in 2023.
This follows actions against Southern Water and Thames Water in 2018-19, which resulted in £257 million (US$339 million) in penalties and rebates. Huxham also questioned whether the utilities have the capability to address new areas, such as climatechange, which is part of PR24’s proposed long-term targets.
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. C has not lessened; if anything, it has increased,” he says.
What really resonated with me was the fact that I would always have conversations with friends or family about climatechange, and I would either be given one of two answers: that either it doesn’t exist, or that someday either technology or ‘they’ would solve the problem," Battochio says. . LinkedIn | Twitter. Heather Clancy.
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.
In just ten years, Jacobson has harnessed passion, determination and science to re-frame the way renewable energy is seen and, ultimately, accepted as a viable solution to climatechange and air pollution. ClimateChange Conference in Paris. Photo of Mark Jacobson and Stacy Clark, August 1, 2018.
But coal is already in terminal decline in both the US and the EU, all that is needed is a little push: Bloomberg New Energy Finance has confirmed this month that US coal plant retirements are nearing an all-time high, with at least 16 gigawatts (GW) worth of coal-fired plants already retired in 2018. A moral imperative.
“The use of bioenergy can lead to either increased or reduced emissions, depending on the scale of deployment, conversion technology, fuel displaced, and how and where the biomass is produced,” the Intergovernmental Panel for ClimateChange (IPCC) noted in its report on climate impacts, adaptation and vulnerability. .
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. Climate education is a problem at many of America’s 100,000 public schools. trillion climate-focused infrastructure bill. The divestment solution.
Then there is the Right’s undying support for the fossil-fuel industry and opposition to doing anything to address climatechange. Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?— Using initialisms with meanings unknown to most makes it easier to define them as sinister conspiracies.
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
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