Divestment
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
Think tank takes “unburnable carbon” warnings to Wall Street
The Carbon Tracker Initiative, hailed by US environmentalist Bill McKibben for changing the climate debate, is opening an office in New York
Exxon and climate change: Why it’s better to engage than divest
Investors must stay involved with oil majors rather than exit and allow a far more dangerous off market game to ensue
Risky bet: Does divestment slow or speed green growth?
Head of France’s top public pension fund says engagement on climate change within companies can deliver results
Embrace 2C climate target to boost value, oil majors told
Limiting exploration in line with climate goals makes financial sense, says Carbon Tracker ahead of ExxonMobil, Chevron AGMs
FTSE launches fossil-free, green economy index
Tesla and Vestas replace the likes of ExxonMobil and Rio Tinto in product to help investors back low carbon economy
Big oil spent $115m ‘obstructing’ climate laws in 2015, NGO says
NEWS: Lobbying spend of Shell, Exxon Mobil and trade groups estimated in transparency effort
JP Morgan: Coal investments on par with child labour
NEWS: Bank says it will stop funding new coal mines or plants in the 30 OECD nations, but could still back projects in developing world
Meet the investors pushing climate reality on carbon majors
ANALYSIS: Through shareholder resolutions, the Aiming for A coalition is getting coal, oil and gas companies to face up to global warming
Australia, Japan, US coal burners face ‘utility death spiral’
NEWS: Old power generators are losing market share to wind and solar, say Oxford University analysts, in environmental risk report for investors
Investors pressure mining giants to phase out coal
NEWS: Funds worth US$4 trillion are calling on Anglo American, Glencore and Rio Tinto to assess their exposure to climate risk
In Paris, polluters in focus as investors shun climate risk
ANALYSIS: So far, the most visible investor impact of climate change is divestment. But a bigger, quieter shift has started, to low carbon, and “climate aware” polluters