bp sells 20% stake in Omani gas project for $2.6bn

The move is part of a $25 billion divestment programme by 2025

Fossil fuel divestment could be shifting finance into ‘pollution havens’

The University of Edinburgh Business School warns that some domestic banks in countries with strict environmental policies are simply shifting their fossil fuel spending abroad

Ørsted divests business customer portfolio to Total Gas and Power

The move comes as the Danish energy giant works to shrink its downstream operations and focus on building, owning and operating renewable generation assets

Rockefeller Brothers Fund sees financial returns increase following fossil fuel divestment

The philanthropic foundation, founded by the grandsons of oil giant John D. Rockefeller, says its returns are now beating market benchmarks after shifting its portfolio to 99% fossil fuel-free investments in 2014

Royal College of Physicians make fossil fuel divestment pledge

The professional body is pledging to divest from oil, gas and mining companies by 2023 if they fail to demonstrate their operations are in line with the goals of the Paris agreement

BP to sell North Sea assets to Premier Oil in £475m deal

It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020

AXA to axe coal across EU and OECD countries by 2030

It notes the policy will exclude around 400 businesses with plans to expand coal plants and mines

Investors plan to triple fossil fuel divestment rates over the next decade

Investors surveyed by Octopus Group plan to move $920bn out of fossil fuel investments in the next ten years

Asset management firm divests £33.8m from Shell over climate concerns

UK-based Sarasin says the energy giant’s policies are likely to harm not only shareholders but also wider society

Norway’s trillion-dollar oil fund to divest from 150 oil and gas firms

In total, the fund is expected to remove $12bn of fossil fuel investments and plough up to $20bn into renewable markets