The New Yorker: The Weight of the World The United Nations Framework Convention on Climate Change, or U.N.F.C.C.C., has by now been ratified by 195 countries, which, depending on how you count, represents either all the countries in the world or all the countries and then some.
The president formally unveiled on Monday his administration’s plan to cut future carbon emissions from power plants.
“The greatest investment capital shift in history will be long and complex, but it is well underway,” @CFigueres #DivestInvest
Huge milestone for our movement, & a victory for students, pensioners, people of faith who made the path by walking. pic.twitter.com/z5qWURLXfG
Marilyn Anthony writes in grid magazine: “Despite growing opposition and national trends Swarthmore College managers refuse to divest endowment from fossil fuels”… read more…
Swarthmore College will not drop fossil fuel stocks from its $1.9 billion endowment, the school’s board of managers announced on Saturday. The board engaged in “extensive preparation, analysis, and robust discussion and debate” leading up to the decision, Gil Kemp, its chairman, said in a statement.
Norway’s decision to dump all coal-focused investments from its $900bn sovereign wealth fund could unleash a wave of divestment from other large funds, according to investment experts. The fund, the largest in the world, is one of the top 10 investors in the global coal industry.
Edinburgh, UK – In a big step forward for student campaigners, the University of Edinburgh announced today its intention to divest from coal and tar sands within the next six months. read more…
Oxford University, one of the world’s oldest schools, has joined the ranks of British universities shunning investments in carbon-intensive energy projects. Under pressure from some students, the thousand-year-old college has formalized the investment policy for its £2 billion ($3.1 billion) endowment and permanently banned itself from investing in any companies that derive most of their income from coal or oil sands projects, as well as “sectors with high social and environmental risks.”
After seven days at least 40 students are still a central management building in protest at Edinburgh University’s last week that it would not divest its holdings in fossil fuel companies. The occupation was visited today by John Finnie MSP, member of the Scottish Greens, and Director of WWF Scotland Lang Banks.