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  • Divestment and the Future Uses of Oil, Gas and Coal

    • Date: 15/05/16
    • Dr John Constable: GWPF Energy Editor
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    Coal is now only a trace element in the UK’s electricity supply; Saudi Arabia is selling shares in Aramco. Is it all over for fossil fuels? Or have we simply misunderstood where the future utility of these remarkable substances really lies? Over the last year there has been an increasing tendency for climate change activists […]

  • Anti-Green Divestment: Poland Threatens To Kill Wind Industry

    • Date: 17/04/16
    • Henry Foy and Pilita Clark, Financial Times
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    Poland’s thriving wind energy industry has warned that it faces bankruptcies, rapid divestment and an end to growth under a bill that threatens executives with prison. The wind power sector in Poland installed the largest amount of turbine capacity in the EU last year after Germany, taking total industry investment to €8bn. Turbines, including those […]

  • California’s Divestment Fiasco Hits Public Sector Pensioners Hard

    • Date: 08/04/16
    • The American Interest
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    For many years, California’s public employee pension funds have made feel-good social activism a higher priority than generating returns for their retirees. And now that the funds are facing an utterly massive shortfall, the costs of this kind of politically folly are becoming painfully clear. From Reuters: CalPERS is learning that social responsibility can be a drag. The $290 billion California pension […]

  • Matt Ridley: Why Fossil Fuel Divestment Won’t Work

    • Date: 18/05/15
    • Matt Ridley, The Times
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    Divestment won’t work, is unethical, hypocritical, aimed at the wrong target and based on flawed premises. Institutions and pension funds are under pressure to dump their investments in fossil-fuel companies. The divestment movement began in America, jumped the Atlantic and has become the cause célèbre of the retiring editor of The Guardian, Alan Rusbridger. The idea […]

  • Guardian Divestment Campaign Propping Up Fossil Fuel Shares

    • Date: 27/04/15
    • James Mackintosh, Financial Times
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    The Guardian’s divestment campaign has lit a carbon-based bonfire under crude prices. This has been great for investors who didn’t follow the Guardian’s advice. Shares in oil and gas companies are up handily. You’ve got to hand it to Alan Rusbridger: he’s a great contrarian indicator. The editor of The Guardian launched his valedictory campaign to demand divestment […]

  • Fossil Fools: What’s Wrong With Fossil Fuel Divestment

    • Date: 17/04/15
    • Walter Russell Mead, The American Interest
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    Never underestimate the environmental movement’s ability to squander its resources. Today’s fossil fuel divestment campaign is the latest example of fecklessness, and yet another demonstration—as if we needed one—that greens don’t understand the problems they’re trying to fix. John Gapper writes for the FT: The [divestment] movement is an elaborate charade, which is too inconsistent and impractical to […]

  • Norway’s $1 Trillion ‘Green’ Wealth Fund Boosts Its Coal Exposure

    • Date: 23/01/19
    • Bloomberg
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    Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that’s seen as one of the main catalysts for global warming, according to a report. The findings are another illustration of how the ban, which restricts investments in companies that get more than 30 percent […]

  • IEA: Coal Boom In India And Southeast Asia To Cancel Out Declines in USA & Europe

    • Date: 19/12/18
    • The Independent
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    Coal will continue to stay high on the agenda for the next five years despite much of Europe and North America phasing out the dirtiest of all fossil fuels. The International Energy Agency predicted demand will remain steady at least until 2023, due to strong growth in India and Southeast Asia. More stringent air quality […]

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