We have seen that divesting from oil companies is a moral question but it is also a sound economic advice as more and more financial analyst are saying, to the point of ” fossil fuels are the next subprime danger “ as I blogged last year.
If I am back on this blog, I am also back on Cleantechies with my 60th post there in five years. I am writing for the occasion about my beloved Colombia, which enacted a key law to promote renewables.
Here is further proof it’s high time to divest to avoid the carbon bubble. The Daily Telegraph published this week a most interesting article on how fossil fuels – oil, coal and natural gas – are the next subprime danger of this cycle as “ The cumulative blitz on energy exploration and production over the past …
As the NRDC noted : ” The Natural Resources Defense Council, BlackRock and FTSE Group, the global index provider, partnered today in launching the first equity global index series that will exclude companies linked to carbon-based fossil fuel. “ ” The new investment tool will allow climate-conscious investors, including foundations, universities and certain pension groups, to match …
Footsie launches interesting tool for divestment Read More »
Carl Pope, the former executive director and chairman of the Sierra Club published an article on the very topic last week as the World Bank and the US government announced they wouldn’t fund coal anymore. But this week, there was another third blow on financing coal. As The Guardian reported : ” The European Investment …
Here is the beginning of my latest post on Cleantechies. It is about a study corroborating what I have been writing for years. As always, please go there to read the full post. Comments, tweets and shares are more than welcome ! 🙂 ” We have seen time and again that the European Union should …
We already saw that solar PV is due to compete in terms of costs with fossil fuels by around 2017 as this energy source is gaining momentum so fast that the Holy Grail – grid parity – might soon be within reach. These are sure great news… But there is more as to Bloomberg New …
To Bloomberg : ” Japan approved a bill today to subsidize electricity from renewable sources, joining European nations in shifting away from nuclear power after the Fukushima reactor meltdowns in March.” ” (…) The bill allows for incentives that guarantee above-market rates for wind, solar and geothermal energy. The so-called feed- in tariff created a …
Here we go again… New climate talks, same disappointment. Preliminary talks took place in Bonn, Germany, to discuss the future of the Kyoto Protocol, which will end next year. To the Guardian, the negotiations aren’t progressing : Even if they are making progress on ” technical issues “, countries are ” still nowhere near agreement …
We have seen previously that large investors completely understand how climate change mitigation is critical. Last year, more than 200 investors representing $13 trillion in assets demanded action on climate. Now, according to the United Nations, the movement is growing to 259 investors with $15 trillion in assets. This represents over a quarter of global …
