After nearly a century of listing on the Dow Jones Industrial Average, Exxon Mobil was removed from the index. There is now only one oil company listed on the index…
Divestment
India has cancelled plans for 13.7 gigawatts of coal-fired power supply, roughly equivalent to the UK’s entire coal-fired power generation. Analyst Tim Buckley explained that, “For the first time solar is…
After selling its remaining conventional energy generation business to power company Drax, Scottish Power will become the first major energy provider in the UK to supply 100% wind energy. The…
A new report by the “Global Fossil Fuel Divestment and Clean Energy Investment Movement” compiled by Araba Advisors has found that close to 1000 institutional investors with $6.24 trillion in…
Citigroup has canceled its loans to Indofood Agri Resources and its subsidiaries. Citigroup is exiting its overall relationship with Indofood other than specific financial relationships not related to palm oil…
Legal and General, a UK-based asset management firm that manages over $1.2 trillion in assets, will pull its investment from all companies who it perceives as failing to act on climate change….
