Divest from Fossil Fuel

Want to do something about climate change? Follow the money

Highlights: JPMorgan Chase is among the worst companies to aid the rapid warming of the earth by lending billions to gas and oil companies. “Wells Fargo lent over $151 billion, Citibank lent over $129 billion and Bank of America lent over $106 billion” and “JPMorgan Chase lent over $195 billion to gas and oil companies”. […]

European Parliament Strasbourg

EU sets out trillion euro plan to avert ‘climate crash’

by Marine Strauss, Reuters STRASBOURG, France (Reuters) – The EU budget chief said the bloc needs to invest dedicated funds to avert a “climate crash” as Brussels detailed how it planned to pay for a trillion euro push to cut net C02 emissions to zero by 2050 and protect member countries dependent on coal. The […]

Craig Station Coal Plant-Colorado

Tri-State to shut New Mexico, Colorado coal plants by 2030

by Robert Walton, Utility Dive Details on how Tri-State will replace the shuttered coal capacity will have to wait for an announcement next week, said company officials, as right now the focus remains on local community impacts. Almost 600 jobs will be affected. The 253 MW Escalante Station began operations in 1984, and the company […]

More than 95% of all Federal drilling occurs in established fields within the Kern County area of the San Joaquin Valley.

Why California’s climate solution isn’t cutting it

by Jacques Leslie, Los Angeles Times Many Californians take pride in the state’s position on the front lines of the global climate change struggle, but the dismal performance of its centerpiece climate program — cap and trade — shows that in a crucial way the state’s reputation is undeserved. Even here, in the heartland of […]

COP25 was bankrolled by the biggest polluters

by Corporate Accountability This year, COP25 in Madrid is bankrolled by some of Spain’s biggest polluters and others heavily invested and involved in fossil fuels. In addition to their climate crimes, many have been tied to human rights and worker abuses around the globe. Sponsorship not only allows these corporations to wrap themselves in the […]

EU unveils ‘Green Deal’ plan to get Europe carbon neutral by 2050

by Mehreen Khan, InsideClimate News The European Union unveiled a sweeping set of environmental initiatives on Wednesday aimed at creating the world’s first carbon-neutral continent by 2050, touching everything from state aid rules to a green industrial policy and a carbon border tax on imports. In its much-anticipated Green Deal for Europe, the new European […]

631 institutional investors managing more than USD 37 trillion in assets urge governments to step up climate ambition

by The Investor Agenda 631 institutional investors managing more than $37 trillion in assets urged governments to step up efforts to tackle the global climate crisis and achieve the goals of the Paris Agreement, in a joint statement issued today at the United Nations Climate Conference (COP25). The ​Global Investor Statement to Governments on Climate […]

The power of finance to transform our economy

by Gregor Macdonald, The Energy Transition In the spring of this year, the Singapore-based Oversea-Chinese Banking Corporation (OCBC) announced it would halt all future financing for new coal projects, save for two final newbuilds in Vietnam: Van Phong 1 at 1.3 gigawatts (GW) and Vung Ang 2 at 1.2 GW. By November, OCBC, the second […]

Coal power becoming ‘uninsurable’ as firms refuse cover

by Julia Kollewe, The Guardian The number of insurers withdrawing cover for coal projects more than doubled this year and for the first time US companies have taken action, leaving Lloyd’s of London and Asian insurers as the “last resort” for fossil fuels, according to a new report. The report, which rates the world’s 35 […]

European Investment Bank

European Investment Bank drops fossil fuel funding

The European Union is to stop funding oil, gas and coal projects at the end of 2021, cutting €2bn (£1.7bn) of yearly investments. by BBC, November 14, 2019 The European Investment Bank (EIB), the EU’s financing department, will bar funding for most fossil fuel projects. The ban will come into effect a year later than […]