As odd as it might seem, oil prices at $60 are not making it any easier for Big Oil and the likes. The Financial Times published two articles on how coal, oil and gas are through tought times. Let us review them here.
As the Wall Street Journal reported Norway’s sovereign-wealth fund – which was built on the country’s oil and gas revenues – is divesting from fossil fuels companies producing coal and tar-sands.
Pope Francis, the head of the Catholic Church, is due to call over a billion Catholics to act on climate. Ahead of the Paris Climate talks later this year, this is a big move that may even more tilt the balance on action.
If climate change is getting each month more scary, our answers to it are getting bigger. The carbon tax is gaining support as The World Bank reports that no less than 74 countries and over a thousand companies are supporting it.
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… Continue reading Fossil fuels are the next subprime danger
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… Continue reading Footsie launches interesting tool for divestment