Banks ‘invested $290bn in extreme fossil fuels since 2014’

In the last three years, global banks have directly or indirectly invested $290 billion (£227.8bn) in extreme fossil fuels. That’s according to a new report from the Rainforest Action Network (RAN), which says the financing of the most carbon intensive, financially risky and environmentally destructive parts of the sector is at odds with reaching international […]

Cambridge Uni bans investment in coal, tar sands

The University of Cambridge has blacklisted investments in coal and tar sands companies. In a statement, the institution said it has “no exposure to the most pollutive industries such as thermal coal and tar sands” and “no expectations of having any such exposure in the future”. Its report adds it aims to encourage its fund managers […]

Newcastle Uni pledges to divest from fossil fuels

Newcastle University has announced it aims to divest from fossil fuel companies within five years. The institution is modifying its investment strategy which will give preference to investors who invest in companies that are working towards low carbon solutions. As a consequence, the new plan will get rid of thermal coal and oil sands companies and […]

Exxon continues clean-up of tar sands oil spill

US energy giant ExxonMobil says it is making “progress” in a clean-up operation of a large oil spill near Lake Conway in Arkansas which took place over the Easter weekend. Thousands of barrels of tar sands oil – extracted from sand with an intensive heating process – appear to have leaked from the Pegasus pipeline […]

Americans protest Keystone pipeline

Protests are expected in Washington D.C. today as environmental groups are set to rally against the construction of the Keystone XL tar sands oil pipeline. The line will stretch from Canada to the Gulf of Mexico. Marchers will gather outside of the Ronald Reagan Building, where the State Department is due to hold a hearing […]