NYC Pensions Are Sued for Shedding Fossil Fuels
Monica Weiss attended her first fossil-fuel divestment protest on a frigid February day in 2015. She joined college students, financial experts, faith leaders, and then-New York City Public Advocate Letitia James in front of the New York Stock Exchange to demand that the city’s five public pension funds factor the financial risks of climate change […]
One Person Stopped California’s Divestment From Fossil Fuels — Again
A recent divestment bill that would have directed managers of California’s public pension and teachers’ retirement funds to stop investing in the 200 largest oil, gas and coal companies failed in the Legislature for the second year in a row.
Investors ‘See Past Greenwash’ as Quarter of Shareholders Refuse to Approve Barclays’ Climate Strategy
Barclays shareholders have rejected calls to accelerate a phase-out of fossil fuel financing, but a quarter remain unconvinced by the bank’s current approach to tackling climate change. Over 100 investors representing more than $4 trillion of funds had filed a resolution with campaign group Market Forces to ask Barclays to set distinct targets in line […]
Labour and Conservative Councils Criticised Over £7.5 Billion Investments In Fossil Fuel Pensions
Local council pension funds in England controlled by the Labour and Conservative parties together hold £7.5 billion in fossil fuel shares, a new analysis has found. Environmental campaigners Platform and climate consultancy Transition Economics ranked political parties according to their local council pension fossil fuel investments, finding that Labour-controlled councils hold £3.9 billion in investments […]
