Westpac to phase out investment in thermal coal by 2030, to turn focus to wind, solar and storage, and electric vehicles.
University of New South Wales to divest from fossil fuels by 2025, in line with Paris climate agreement and to carry on “fine legacy” of its world-leading solar pioneers.
Global fossil fuel divestment movement tops US$11 trillion as campaigners place further pressure on investors to respond to climate emergency.
Two more international energy companies join near unanimous condemnation of the Coalition’s “divestment” proposal as Taylor plunges headlong into 24/7 power tender.
Ireland becomes world’s first nation to legislate to divest completely from fossil fuels, after passage of bill compelling €8.9bn Ireland Strategic Investment Fund (ISIF) to withdraw all money invested in oil, gas and coal.
Report shows network of governments, funds, organisations, philanthropies and individuals representing $5.2trn in assets divesting from fossil fuel companies.
Latest stocktake of global divestment movement reveals 500 institutions representing $US3.4 trillion in assets now involved, including Australia’s City of Melbourne and 14 local councils.
As global leaders sit around the negotiating table at the Paris climate talks, discussion will quickly turn to the carbon budget and how to spend it.
New analysis shows 50-fold growth in fossil fuel divestment, with an estimated $2.6trn in assets earmarked by 430 institutions and 2,040 individuals.
Low-carbon investment made easy with launch of Australia’s first Fossil Free Index, alongside Australia Sustainable Leaders Index.