Divestment
World Bank’s private sector arm to stop supporting new coal
The International Finance Corporation is closing a loophole that allowed its financial clients to continue funding new coal projects
Climate fund considers India, South Africa to pilot $2bn coal transition scheme
Climate Investment Funds CEO Mafalda Duarte has been tasked with mobilising private capital to help wean developing countries off coal and create cleaner jobs
Malaysian bank to phase out coal finance, in a victory for campaigners
CIMB has been hailed as the first major bank in an emerging market to publish a coal exit strategy, after investing $2.6 billion in the sector last decade
Coronavirus: investors and policymakers must shift to increase resilience
Incentives for long-term sustainability, an end to fossil fuel subsidies, more telework are all needed to make the global economy resilient to shocks like Covid-19
South Korea urged to exit coal by 2029 to stick to Paris climate agreement
Climate Analytics research group calls on Seoul to phase out existing coal-fired power plants, stop new construction and halt funds for coal projects in other Asian nations
‘Trundling over to Africa’ – Climate Weekly
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Trump criticises ‘prophets of doom’ in Davos and touts fossil fuels
Trump, Thunberg set out radically different visions for the economy and climate in the 21st century
Finally saying the F-words at UN climate talks
International negotiations have always focused on carbon emissions, not the coal, oil and gas that create them. That’s changing
European Central Bank should ‘gradually eliminate’ carbon assets: Lagarde
Nominee to lead the bank told MEPs it could adopt new measures to prefer green investments if she is confirmed
European Investment Bank moots fossil fuel lending ban
The world’s largest development bank proposed a pivot to clean energy, in a draft plan for consideration by EU finance ministers in September
Children made climate an election issue. Now we’ll target banks that fuel fossils
The EU election showed voters have heard the school strikers’ call for action. But will the public institutions that finance coal, oil and gas projects also listen?
Climate Weekly: Norway divests (a bit)
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Norway calls for $1 trillion fund to sell some oil and gas stocks
The government proposes to divest a reported $7.5 billion worth of shares in oil production, without banning mixed oil majors like Shell and Exxon Mobil
EU subsidies to a massive gas pipeline clash with climate goals
The European Investment Bank approved a €1.5 billion loan to the Trans Adriatic Pipeline last week. This is why it matters
Australian bank sued over failure to disclose climate risks
Shareholders are taking the Commonwealth Bank to court, alleging that it is misleading investors about its financial position
Insurers urged to stop underwriting coal projects, following Axa move
#UnfriendCoal campaign targets the insurance sector to end support for climate-polluting fossil fuels
Anti-fossil fuel activists stage Louvre oil slick
Group protesting against museum’s links to oil major Total create symbolic river of crude on steps in front of one of the museum’s main attractions
Irish lawmakers vote to divest from fossil fuels
Ireland could become the first country to fully divest its sovereign wealth fund from coal, oil and gas
Church of England to launch climate investment tracker
Church Commissioners say Transition Pathway Initiative will allow them to hold major polluters to account at shareholder meetings
Climate divested funds now bigger than listed oil, gas sector
Outgoing UN chief hails news as value of organisations ditching polluting fossil fuels doubles to $5tn in 2016