Divestment News

» Green investing ‘is definitely not going to work’, says ex-BlackRock executive
Tariq Fancy once oversaw the start of the biggest effort to turn Wall Street ‘green’ – but now believes the climate crisis can never be solved by today’s free markets
By Dominic Rushe, The Guardian
March 30, 2021

» Big banks’ trillion-dollar finance for fossil fuels ‘shocking’, says report
Coal, oil and gas firms have received $3.8tn in finance since the Paris climate deal in 2015
By Damian Carrington, The Guardian
March 24, 2021

» Big Banks Make a Dangerous Bet on the World’s Growing Demand for Food
While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
By Georgina Gustin, InsideClimate News
March 7, 2021

» Lloyd’s market to quit fossil fuel insurance by 2030
By Julia Kollewe, The Guardian
December 16, 2020

» New York State Sends a Blunt Message to Big Oil
The comptroller’s threat to pull billions from fossil fuel investments is a big victory for climate activists.
By Bill McKibben, New York Times | Opinion
December 9, 2020
Mr. McKibben is a founder of the climate advocacy group 350.org and a leader of fossil fuel divestment efforts.

» Trump Administration Accused of Trying to Bully Banks Into Financing Arctic Fossil Fuel Extraction
“Contrary to the claims of oil-backed politicians, banks don’t want to finance more drilling in the Arctic not because of some vast liberal conspiracy, but because it’s bad business,” said a Sierra Club leader.
By Brett Wilkins, Common Dreams
November 20, 2020

» Dozens of Faith Institutions Announce Divestment From Fossil Fuels
By Julia Conley, Common Dreams
November 17, 2020

» Exclusive: European Development Finance group to exit fossil fuel investments by 2030
By Nina Chestney, Kate Abnett, Simon Jessop, Reuters
November 5, 2020

» Church Of England Dumps All ExxonMobil Stock
By Charles Kennedy, Oil Price
October 8, 2020

» Retirement Fund for Many California Firefighters Battling Wildfires Puts Money in Coal
By Sharon Kelly, DeSmog Blog
September 27, 2020

» Fracking Fiasco: New report names Wells Fargo and JPMorgan Chase as main players funding U.S. shale bust
By Oil Change International – press release
September 24, 2020

» 12 major cities pledge fossil fuel divestment
By Kristin Musulin, Utility Dive
September 23, 2020

» Norway’s Largest Private Asset Manager Divests in Chevron, Exxon for Lobbying Against Climate Action
By Olivia Rosane, EcoWatch
August 27, 2020

» Major investment firm dumps Exxon, Chevron and Rio Tinto stock
Storebrand says corporate lobbying to undermine climate solutions is ‘unacceptable’
By Jillian Ambrose, The Guardian
August 24, 2020

» Analysts Worried the Pandemic Would Stifle Climate Action from Banks. It Did the Opposite.
The risks of climate change and pressure from investors is driving the finance industry to move away from fossil fuels and improve its transparency.
By Kristoffer Tigue, InsideClimate News
August 9, 2020

» Investors launch climate plan to get to net zero emissions by 2050
By Simon Jessop, Reuters
August 5, 2020

» JPMorgan, Bank of America, Wells Fargo, Goldman Sachs back launch of climate finance center
By Dan Ennis, Utility Dive
July 15, 2020

» Massachusetts lawmakers ask Liberty Mutual to stop financing fossil fuels
As other major insurers commit to backing off oil and gas projects, activists say Liberty Mutual isn’t keeping pace.
By Sarah Shemkus, Energy News Network
June 18, 2020

» Report names the banks financing destructive oil projects in the Amazon
By Maurício Angelo, Mongabay
June 9, 2020

» Could New York’s Youth Finally Convince the State to Divest Its Pension of Fossil Fuels?
One analyst says oil, gas and coal were the biggest pension contributors for 30 years, but now are the worst performing sector—and there are no signs of improvement.
By Kristoffer Tigue, InsideClimate News
May 15, 2020

» Oxford University bans investment in fossil fuels after student campaigns
Decision comes after high-profile protests that saw campaigners occupy St John’s College
By Samuel Lovett, Independent
April 22, 2020

» This Earth Day, Stop the Money Pipeline
By Bill McKibben, DeSmog Blog
April 21, 2020

» Boulder County Wants Insurance Companies To Ditch Their Fossil Fuel Investments
By Grace Hood, Colorado Public Radio
February 14, 2020

» Study: global banks ‘failing miserably’ on climate crisis by funneling trillions into fossil fuels
Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement
By Patrick Greenfield and Kalyeena Makortoff, The Guardian
March 18, 2020

» Global Financial Giants Swear Off Funding an Especially Dirty Fuel
By Christopher Flavelle, New York Times
February 12, 2020

» Climate Change Protesters Disrupt Yale-Harvard Football Game
Demonstrators stormed the field during halftime and caused the game to be delayed for about an hour.
By Britton O’Daly, New York Times
November 23, 2019

» First Major U.S. Insurer Begins Divestment from Fossil Fuels
By Elana Sulakshana, Truthout
September 12, 2019

» Norway Wealth Fund To Dump Fossil Fuel Stocks Worth Billions In Environmental Move
by David Nikel, Forbes
Jun 12, 2019

» Renewable Energy Transition Needs Investment, not Dis-investment:
Norway’s Sovereign Wealth Fund is Misguided in Cutting its Oil and Gas Holdings
by Nick Butler, Financial Times
March 18, 2019

» “Shockwaves” as Norway’s $1Trill wealth fund plans to disinvest from upstream oil
By Andy Rowell, Oil Change International
March 8, 2019