Vatican calls on Catholics to divest from fossil fuels

by Rebecca Beitsch, The Hill Highlights The Vatican has released “Journeying Towards Care For Our Common Home,” a  225-page encyclical calling on all church bishops to divest from fossil fuels in efforts to slow the climate crisis The document also calls on Catholics to drop support for companies that support abortion and armaments Pope Francis […]

by Klima- og miljødepartementet found on https://www.flickr.com/photos/miljoverndepartementet/6283118360

Huge recent economic losses from climate impacts and a bipartisan 50-step plan for regulators

by Rachel Koning Beals, Market Watch Highlights A new report from Ceres examines the wide-ranging and compounding impacts of the climate crisis on U.S. financial markets. Due to climate change, the United States has spent $1.7 trillion on over 265 extreme weather events since 1980 and has seen economic losses of more than $500 billion […]

How should California wind down its fossil fuel industry?

by Justin Gerdes, Greentech Media Highlights Though California is a leader in clean energy within the US, it remains the seventh-largest oil-producing state and needs to take action to eliminate the fossil fuel industry. California leads the nation in solar rooftops and electric vehicles and also ranks fifth in installed wind capacity For full fossil […]

IMF warns investors: You’re not ready for climate change

by Laura Millan Lombrana and Eric Martin, Bloomberg Green Highlights A new report from the International Monetary Fund (IMF) says investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure Asset prices currently fail to reflect the risk of extreme weather events that may cost $1 trillion annually starting […]

Report: Five principles for equitably managing a phase-out of extraction

by Greg Muttitt, Oil Change International Highlights A new study in the journal Climate Policy has laid out steps to a sustainable and just energy transition away from fossil fuel extraction. Wealthy countries such as Canada, the United States, and Norway are using funds to bail out their oil industries while less fortunate countries must […]

Arctic Drilling

Wall street is bending to pressure to halt Arctic-oil loans

By Jennifer A. Dlouhy, Bloomberg Green Highlights Environmental activists are fighting oil companies to keep drilling out of the Arctic National Wildlife Refuge by putting divestment pressure on banks. Tribal representatives and other environmental activists pressed banking executives about their policies during shareholder meetings and in conversations with sustainability directors Morgan Stanley has announced that […]

Earth Day 2030: California celebrates reaching net-negative emissions

Let’s imagine it is April 2030. In the early 2020s, as the coronavirus pandemic swept the world, we in California finally addressed the climate crisis at the speed and scale science demanded. Nation & World Collaborating for Speed & Scale Climate Action Today, Earth Day 2030, we celebrate the deep systemic changes we have collectively […]

Fracking rig operates next to a walking and bike way for residents of Signal Hill drilling into the Los Angeles Oil Field. Photo by Sarah Craig.

Gov. Newsom leads on public health, except when it comes to the oil industry

By Rosanna Esparza and Ashley Hernandez, The Sacramento Bee ACTION ALERT: Send Governor Newsom a message now to reverse his decision and halt fracking. Highlights California Governor Gavin Newsom approved 24 new fracking permits for the state in the midst of shelter-at-home mandates as the COVID-19 pandemic rages on. Though Newsom is doing great at […]

Could coronavirus forever alter the fossil fuel era?

By Justin Guay, Medium Highlights The current pandemic could be an opportunity for the US to eliminate our use of fossil fuel dependency and transition into a clean energy economy The US fracking industry is in a tricky place – facing negative pricing and less demand, indicating that the industry wasn’t viable to begin with […]

UBS says investors should prefer green bonds over regular debt

By David Caleb Mutua, Bloomberg Highlights According to UBS Global Wealth’s head of credit, Thomas Wacker, sustainable bonds are a “defensive opportunity” that credit investors should favor over non-green, investment-grade corporate notes The fossil fuel industry has no presence in the green bond market and are feeling the impacts of the turning economy due to […]