Search Results: divestmen
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INTERNATIONAL
- Na'ama Carlin
- 14 February 2018
12 Comments
When New Zealand singer Lorde cancelled her 2018 concert in Israel, she joined the ranks of artists who boycott Israel to protest its occupation of Palestine. The Palestinian-led Boycott, Divestment, Sanctions movement is contentious in Israel/Palestine activist or Jewish circles, with some calling it anti-Semitic.
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ENVIRONMENT
- Thea Ormerod
- 09 September 2016
10 Comments
With the grip of climate change tightening, few seem to understand the urgency of the crisis. This is why the announcement of over 3500 churches in the UK switching to clean power is so significant. At last, a solution presented by religious communities that matches the scale of the problem. They are providing the kind of leadership for the needed transition to an ecologically sustainable future. Unfortunately, one reason why it is so exciting is that we're nowhere near this in Australia.
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ENVIRONMENT
- Thea Ormerod
- 21 June 2016
4 Comments
An accelerating number of institutions and individuals are moving their money out of planet-heating fossil fuels and into climate solutions. The total assets guided by some form of divestment policy was $3.4 trillion at 2 December last year, 50 times more than what was up for divestment 12 months earlier. It sounds like a lot, but it's a small amount compared to the $100 trillion-plus invested in the usual way. That's our money, in banks and super funds, managed funds and insurance companies.
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AUSTRALIA
- Michael Mullins
- 01 June 2015
3 Comments
The Norwegian Parliament has just ordered its $A1.15 trillion Sovereign Wealth Fund to divest from coal. This represents the largest single divestment from fossil fuels in human history, and our biggest sign yet that the age of coal is over and the financial case for investing in fossil fuels is likely to disintegrate. Australia will crash and burn both economically and morally if we do not follow suit.
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RELIGION
- Jill Sutton
- 12 November 2014
3 Comments
There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity.
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AUSTRALIA
- Andrew Hamilton
- 30 October 2014
11 Comments
When the ANU sold its shares in coal companies recently, it received a mixed response. Critics said investment decisions should be made solely on financial grounds. But investing is done by human beings, who should be guided by their effects of their investment on other human beings, not simply by the profit it brings them.
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AUSTRALIA
- Michael Mullins
- 01 September 2014
26 Comments
Prime minister Tony Abbott told an industry gathering in May that ’it’s particularly important that we do not demonise the coal industry’. Pope Francis is likely to do just that when he releases his new encyclical on humanity’s role in caring for the earth.
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ENVIRONMENT
- Neil Ormerod
- 04 November 2013
47 Comments
With the publication of the latest report from the Intergovernmental Panel on Climate Change (IPCC), the Los Angeles Times made the bold decision to no longer publish letters from climate change denialists saying climate change is a matter of fact, not opinion. While this might seem like a small victory, the more substantial issue on the horizon is the global campaign for divestment in the fossil fuel industry. As it gains momentum and fossil fuel companies will be forced to reassess the value of their assets.
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