Should Norway’s $1tn sovereign wealth fund ditch oil and gas investments?

The government is inviting comments until 28th November 2018

London mayor urges councils to ditch fossil fuels

The London Pension Fund Authority has only 2% of its entire holdings invested in fossil fuel companies

Edinburgh University divests from fossil fuels

The University of Edinburgh has announced it is ditching all its fossil fuels investments. It follows its commitment, made in 2016, to become carbon neutral by 2040. The university aims to complete its transition out of fossil fuel investments – currently representing less than 1% of its total funds under management, which is around £1 […]

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 […]

Norway’s sovereign wealth fund divests from 52 coal-related firms

Norway’s $860 billion (£604bn) sovereign wealth fund, the biggest in the world, has unveiled a list of coal-related companies that will be excluded from its portfolio. The 52 organisations include American Electric Power, China Power International Development, Tata Power, UK’s Drax Group, Japan’s Hokkaido Electric Power and Australia’s New Hope Corporation. It is in line […]

Rockefeller Family charity blasts ExxonMobil, ditches fossil fuels

The Rockefeller Family Fund has announced its intention to divest from fossil fuels and “eliminate holdings” of ExxonMobil. The family-led public charity said the process will be completed “as quickly as possible”. It singled out ExxonMobil, describing the oil giant’s conduct on climate issues as “morally reprehensible”. It added while the global community works to […]

French energy giant Total ends coal production

French energy giant Total has confirmed it is no longer producing coal. The news follows the sale of mine operator Total Coal South Africa. CEO Patrick Pouyanné said the decision was “a matter of both consistent strategy and our credibility”. He added: “Faced with the issue of climate change, Total is committed to promoting the […]

Boris Johnson urged to divest £4.8bn from fossil fuels

An elected watchdog for London which scrutinises the Mayor’s plans and programmes has voted in favour of fossil fuel divestment. The London Assembly is calling on Boris Johnson to divest the £4.8 billion London Pension Fund Authority’s pot from fossil fuels in the next five years. The members voted this week, with a majority of […]

Church of England faces pressure to ditch fossil fuels

Oxford has become the first Church of England diocese to join a growing movement of investors and commit to divesting from fossil fuel assets. The Oxford Diocesan Synod has also passed a motion calling on the Church of England diocese to follow them and commit to divest from coal, oil and gas companies. By a […]

Swedish city ditches fossil fuel investment

The Swedish city of Orebro has pledged to pull its funds out of fossil fuel companies. It is believed to have already reduced its investments in energy firms from more than €2 million (£1.6m) to €655,000 (£519,196) as Orebro aims to be a fossil-free municipality by 2050. The city joins a growing movement of cities, […]