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At last, divestment is hitting the fossil fuel industry where it hurts Bill McKibben

The Guardian > Energy

I remember well the first institution to announce it was divesting from fossil fuel. It was 2012 and I was on the second week of a gruelling tour across the US trying to spark a movement. Our roadshow had been playing to packed houses down the west coast, and we'd crossed the continent to Portland, Maine. As a raucous crowd jammed the biggest theatre in town, a physicist named Stephen Mulkey took the mic. He was at the time president of the tiny Unity College in the state's rural interior, and he announced that over the weekend its trustees had voted to sell their shares in coal, oil and gas companies.


'A really big deal': New York City's fossil fuel divestment could spur global shift

Guardian Energy

New York City's decision to sever ties with its fossil fuel investments is set to prove a catalyst to other cities in the face of the Trump administration's staunch support for coal, oil and gas interests, according to several leading economists.


University of California Completes Fossil Fuel Divestment

U.S. News

"As long-term investors, we believe the university and its stakeholders are much better served by investing in promising opportunities in the alternative energy field rather than gambling on oil and gas," Richard Sherman, chair of the UC Board of Regents' investments committee, said in a statement.


Catholic church to make record divestment from fossil fuels

The Guardian > Energy

More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi. The sum involved has not been disclosed but the volume of divesting groups is four times higher than a previous church record, and adds to a global divestment movement, led by investors worth $5.5tn. Christiana Figueres, the former UN climate chief who helped negotiate the Paris climate agreement, hailed Tuesday's move as "a further sign we are on the way to achieving our collective mission". She said: "I hope we will see more leaders like these 40 Catholic institutions commit, because while this decision makes smart financial sense, acting collectively to deliver a better future for everybody is also our moral imperative." Church institutions joining the action include the Archdiocese of Cape Town, the Episcopal Conference of Belgium and the diocese of Assisi-Nocera Umbra-Gualdo Tadino, the spiritual home of the world's Franciscan brothers.


Harvard Board Member Makes Rare Call for Fossil Fuel Divestment

U.S. News

Kat Taylor, a member of Harvard's 32-member Board of Overseers and wife of billionaire environmentalist Tom Steyer, said in an interview late on Tuesday that while she was proud of the Cambridge, Massachusetts, school's efforts to reduce its climate impact, it should also start to screen out stocks like oil companies from its investment portfolio.