Tag: Fossil Fuels

The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’

Europe leads the way among institutional investors divesting from coal, according to a new report.

Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.

Complaint alleges Principles for Responsible Investment signatory owns at least $78 billion in fossil-fuel investments.

New warnings of investigations and hearings for ESG actors arrive from Republican Senators.

Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.

The university targeted 90 companies active in thermal coal or tar sands segments of the fossil fuel industry.

The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.

Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.

The university says it will also boost investments in cleaner energy companies.

The pension giants would have to sell off more than $9 billion combined in assets by 2027.