divestment

Ray C. Anderson Foundation is the Latest Institution To Divest From Fossil Fuels

(3BL Media/Justmeans) Burning fossil fuels has made our modern world possible with its many conveniences, but it has also been the main cause of climate change. As UN Chief Antonio Guterres recently declared, “Continuing to invest in fossil fuels would create “an unsustainable future.” He added that “we must stop making bets on an unsustainable future that will place savings and societies at risk."

Norway Takes the High Ground on Climate Change

(3BL Media/Justmeans) - There was some dramatic news out of Norway, showing what is possible on the climate front if the political will is there. The Norwegian government announced that they would cut their carbon emissions by no less than 40% from 1990 levels by the year 2030. This puts them in line with the ambitious target set by the European Union (EU).

Norway’s government says they want to join the EU’s climate policy framework, even though they aren’t members of the EU. They will continue to participate in the EU’s carbon trading scheme, though they will no longer use offsets to meet their target, relying instead on actual reductions.

Despite being Europe’s largest oil producer and the world’s third largest producer of natural gas, Norway relies mostly on renewables for its own domestic purposes. Abundant hydropower provides 97% of Norway’s electricity. Much of the rest comes from wind and biomass. Norway’s state energy company Statkraft, is the largest renewable energy generator in Europe. Given the country’s wealth of renewable resources, some environment groups were disappointed that the target wasn’t higher, but Frederic Hauge of the Oslo-based Bellona Foundation acknowledged that joining with the EU would make this target internationally binding.

Ten U.S. Cities Pledge to Divest from Fossil Fuel Companies

Seattle Mayor Mike McGinn, who last November pledged to divest his city's pension from fossil fuel companies and now is encouraging other cities to do the same.

After Divesting from Fossil Fuels, Unity College Will Focus Entire Curriculum on Climate Change

Unity College, the small school in rural Maine that made headlines last November when its board voted to divest its endowment from fossil fuel companies, has become the first U.S. institute of higher education to focus its entire curriculum on climate change.

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