Norway Gets It! Deutsche Bank Gets It!

end of fossil fuelsAl Gore called them “subprime carbon assets.”  More and more banks, companies, countries, pension funds, universities, churches, and many others are beginning to understand the considerable investment risks in the constellations of fossil fuel companies.  The Norwegian Government Pension Fund Global (GPFG), the world’s biggest and most efficient sovereign wealth fund, last week jettisoned 32 coal mining companies, 5 tar sand producers, 2 cement companies and 1 coal-based electricity generator from its $850 billion portfolio.  The Guardian quotes a GPFG rep here:  “Our risk-based approach means that we exit sectors and areas where we see elevated levels of risk to our investments in the long term.” Continue reading


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NYU Divest – Spelling It Out

divest actionThe super motivated students of NYU Divest met with the University Senate yesterday.  They marked that important step forward with a great visual display of their intention.  I’ve had the pleasure of being involved a bit with these students over the past year.  They have a goal, a plan, and are executing it smartly.


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