When you really look at the utility of the fossil fuel industry as an investment, a warning that comes to mind is “volatility.” Today we find two separate headlines that show the many spikes and valleys of the industry. In one corner, we have a piece on oil reaching a six month high just below …
The Gates Foundation continues their disposal of fossil fuel equities. Between September and December, 2015, the Foundation “sold its $187m stake in BP.” This move follows a prior stock sale by the foundation to liquidate their entire $824 M holding in ExxonMobil. This matters because as recently as October, Bill Gates is on the record against divestment …
The Bill and Melinda Gates Foundation Continues its Divestment from Oil Read More »
With cash-strapped and debt-ridden governments, sustainable development experts are turning to private SRI investors to address the gap in social and environmental initiative spending. A UN paper titled Private Sector Investment and Sustainable Development estimates that approximately US$5 trillion to US$7 trillion per year will be required to address sustainable development needs, with an additional US$44 …
Is Sustainable Responsible Investing (SRI) More Than an Ethical Decision? Read More »
Health care savings can greatly defray costs of reducing carbon emissions, experts at MIT report. But just how large are the health benefits of cleaner air in comparison to the costs of carbon reduction policies? Researchers looked at three U.S. policies achieving the same carbon reductions. They found that the savings on health care spending …
How Carbon Emission Reduction Can Pay For Itself Read More »
Divesting from fossil fuels is not just a way of helping to cut GHG emissions and pollution in the near future, but by moving the money to renewable energies instead, it could also spur on clean energy development and commercialization, which would then help ‘move the needle’ even further on global warming issues in the …
Rockefeller Brothers Fund Divests from Fossil Fuel Industries Read More »