Not-to-be-missed tweeted news on the global #fossilfuel #divestment movement and campaign.
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What is #divestment, anyway? On our first episode of our DITCHED miniseries, we're talking with @ellend35 of @wallaceglobal about the origins of the movement, and why #sustainableinvestment needs to be part of the conversation too. Click here to listen: https://t.co/yYSXzbSzOY pic.twitter.com/sDRiOFSBfX
— Political Climate (@Poli_Climate) August 25, 2020
We need to stop wasting money on fossil fuel subsidies and the funding of coal.
Coal should have no place in any rational #COVID19 recovery plan.
— António Guterres (@antonioguterres) August 26, 2020
— Marilyn Waite (@WaiteMarilyn) August 25, 2020
Storebrand dumps $47m of fossil fuel holdingshttps://t.co/yOBxFrSaN7
— IPE.com News (@IPEnews) August 24, 2020
— Richard Brooks ☀️ (@RichBrooks350) August 23, 2020
Major Australian insurer Suncorp will end financing or insuring of O&G industry by 2025, adding to the group’s existing ban on support for new thermal coal projects,“to manage the risk of stranded assets as we transition to a net-zero emissions economy.” https://t.co/kg3IiviBSt
— Mark Campanale (@CampanaleMark) August 21, 2020
— Nichola Groom (@nicholagroom) August 21, 2020
We're driving in a bus that is going to crash soon if we don't turn around, and we just keep on throwing more and more money at the bus driver to keep on going? Are we mad? 🏔💥🚌#divestment https://t.co/lIDwcE6HYh pic.twitter.com/bunA9E0u4E
— CO2ken (@CO2ken_io) August 20, 2020
Following increasing investor pressure, mining giant BHP announced it plans to exit thermal coal and look into divesting from mature oil and gas fields (1/3 of its oil and gas earnings in 2019), citing lack of competitiveness.
— Seahorse Environmental (@SeahorseEnv) August 20, 2020
Even current Arctic policies don't entirely rule out finance for Arctic drilling. While at least 25 banks commit to stop providing project finance for Arctic oil&gas, only a few also exclude general finance to companies drilling in the Arctic. For details: https://t.co/1AmNM9qSXo
— Fossil Banks No Thanks (@NoFossilBanks) August 18, 2020
— Alessandro Runci (@Ale_Runci) August 6, 2020