fossil fuel divestment
Why Banks are Refusing to Fund Fossil Fuels
With global trends experiencing a paradigm shift and transitioning to cleaner sources of energy, there is also greater accountability to be given to those engaging directly or indirectly in fossil fuel activities and business. The focus is now on financial institutions, indirectly contributing to environmental degradation and climate change by funding, financing, or loaning companies with stakes in fossil fuel…Read More »
Top Five Countries with the Most Fossil Fuel Resources
There has been a constant need for energy generation in order to enable adequate functioning of various aspects of human endeavor, and although there have been calls to explore cleaner alternatives as may be found in renewable sources of energy, one cannot underestimate the contributions of fossil fuels to global energy generation and consumption. Thus, despite the rapid growth of…Read More »
European Climate Bank Pulls Funds From Fossil Fuels
Since the start of a massive divestment movement several years ago, billions of dollars have been pulled out from fossil fuel funding. From non-profits to churches and universities, the list of organizations that have turned away from the industry continues to grow. This week, it was announced that the European Investment Bank (EIB) plans to stop investing its capital into…Read More »
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