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...The student group Cambridge Climate Justice said the proposal, which was accepted on Friday, marked the first time a university in the UK had decided to halt research partnerships with the fossil fuel industry...
...Export credit agencies of G20 countries provided seven times more support for fossil fuel projects than for renewable energy sources between 2019 and 2021, the campaign group said....
...“The treasurers in this group all share a common goal, which is to manage money in a way that doesn’t contribute to the financing of fossil fuel expansion and to find something that aligns with the IEA Net...
...That scheme is in process of drumming up corporate interest in buying credits generated from countries and authorities shifting away from fossil fuels....
...Divest Princeton, an activist group joined by thousands of students, alumni and faculty, has repeatedly called on Princo to divest fully from fossil fuel companies....
CEO projects share of sales will double as companies integrate technology into operations
...ExxonMobil chief executive Darren Woods attended COP28 for the first time to mark the group’s involvement in the UN discussions....
...In 2022, West Virginia led the way when it barred five financial firms, including JPMorgan, BlackRock and Goldman, from new state business, saying they were “boycotting” the fossil fuel industry....
...There is no need for investment in new fossil fuel supply in our net zero pathway.”...
...Peter Herweck, head of energy management group Schneider Electric, also doubted that gas would benefit as much as people selling the fossil fuel claimed....
...for green energy and fossil fuels....
...About £1 out of every £200 of the fund is now invested in fossil fuels....
...Oil, gas and coal executives have spent years insisting they must satisfy demand for the fossil fuels that still drive the global economy....
...Environmental group WWF said the new text was a “sorely needed” improvement “but still falls short of calling for the full phase-out of coal, oil and gas”....
...The government is saying ‘we feel you have to try to direct money to certain products that are not invested in fossil fuels’....
...The levies under consideration by the group include an air passenger levy, wealth tax, maritime fuel levy and global tax on fossil fuel producers....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...Patrick has previously expressed “grave concerns” about the group’s use of ESG factors in investing....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...Between 2019 and 2021, G20 countries channelled $33.5bn a year on average towards fossil fuel projects — seven times more than to renewables, the US campaign group Oil Change International has found....
...One is energy giant TotalEnergies, where Patrick Pouyanné’s dual role is being challenged by investors wanting a faster shift away from fossil fuels....
...If they want to sign up mainstream investors, they will need to limit how tough a stance they take on fossil fuels....
...Bill Weihl, founder of non-profit group ClimateVoice, noted that “you are also leaving without Google taking a public stand on the most critical issue for the planet’s survival: the phaseout of fossil fuels...
...Her neighbours, a group of workers, were now homeless after their less-secure buildings were completely destroyed, she said....
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
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