Tag Archives: fossil fuel divestment

Medibank drops fossil-fuel investments worth tens of millions of dollars

medibank will move to low-carbon investments and shed tens of millions of dollars in fossil-fuel investments
Medibank will move to low-carbon investments and shed tens of millions of dollars in fossil-fuel investments. Photograph: Dan Himbrechts/AAP

Australia’s largest private health insurer says it ‘acknowledges the science of climate change and the impacts on human health’

November 13, 2017 — Australia’s largest private health insurer, Medibank, will shed tens of millions of dollars in fossil-fuel investments because of the effects of climate change on human health. Continue reading Medibank drops fossil-fuel investments worth tens of millions of dollars

Catholic church to make record divestment from fossil fuels

catholic church against smoky coal power plants
A Catholic church spire against smoky coal power plants in North Rhine-Westphalia, Germany. Photograph: Alamy Stock Photo

More than 40 Catholic institutions will make largest ever faith-based divestment, on the anniversary of the death of St Francis of Assisi

October 3, 2017 — 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. Continue reading Catholic church to make record divestment from fossil fuels

Oil company Santos admits business plan is based on 4C temperature rise

protesters gather outside the santos agm in adelaide
Protesters gather outside the Santos AGM in Adelaide on Thursday. Experts say the company’s admission that its business plan is based around a 4C temperature rise breaches the trust of its investors. Photograph: David Mariuz/AAP

Chairman Peter Coates says company’s plan is ‘consistent with good value’, but experts call it ‘a breathtaking failure to come to grips with a world in transition’

May 5, 2017 — The oil and gas company Santos has admitted its business plans are based on a climate change scenario of a 4°C rise n global temperatures, at odds with internationally agreed efforts. Continue reading Oil company Santos admits business plan is based on 4C temperature rise

Reform of EU carbon trading scheme agreed

a british oil refinery
A British oil refinery. A proposed EU directive will reduce the number of carbon credits available through the ETS. Photograph: Robert Brook/Alamy

Member states approve changes, including €12bn innovation fund, to emissions plan for cleaner technology and pollution cuts

February 28, 2017 — An overhaul of the EU’s flagship trading scheme for cutting carbon emissions by European industries has been approved by the member states. Continue reading Reform of EU carbon trading scheme agreed

Nicholas Stern: cost of global warming ‘is worse than I feared’

nicholas stern
Nicholas Stern: ‘With hindsight, I now realise that I underestimated the risks. I should have been much stronger in what I said.’ Photograph: David Levenson/Getty Images

Ten years ago the leading economist warned about climate change in a landmark report – he says while there is cause for optimism, the picture is still grim

November 6, 2016 — A lot has happened since Nicholas Stern, then a permanent secretary at the Treasury, produced his landmark review of the impact of climate change 10 years ago. His work was Continue reading Nicholas Stern: cost of global warming ‘is worse than I feared’

Global warming, uneven changes across planet

melting sea ice
With greater melting of the sea ice, polar bears (above, off northern Alaska in 2007) find hunting for prey hard. Photograph: Dan Crosbie/PA

March 7, 2016 — Less than 2°C of global warming for the Earth, the target agreed by leaders at the COP21 climate conference in Paris last November, doesn’t really sound too ambitious. In fact, many of Continue reading Global warming, uneven changes across planet