Divestment

October 26, 2021

Published by Damascus Citizens at October 26, 2021

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Dutch Pension Fund to Divest from Fossil Fuel Producers

The Netherlands’ biggest pension fund will stop investing in companies that produce fossil fuels
By Mike Corder, AP News, October 26, 2021

The Netherlands’ biggest pension fund announced Tuesday that it will stop investing in companies that produce fossil fuels, …

March 3, 2021

Published by Damascus Citizens at March 3, 2021

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How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments

DCS has been predicting the inevitable collapse of the fracking house of cards. You can’t go on forever losing money on each well, hoping to make it up in volume!
By Justin Mikulka, DeSmog, February 26, 2021

Last August, ExxonMobil …

February 12, 2019

Published by Damascus Citizens at February 12, 2019

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Are Investors Finally Waking up to North America’s Fracked Gas Crisis?

The North American natural gas industry is facing a crisis with an oversupplied market and producers that are losing money
By Justin Mikulka, DeSmogBlog February 7, 2019

And now: Los Angeles ditches plan to invest billions in fossil fuels

The …

January 15, 2018

Published by Damascus Citizens at January 15, 2018

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NYC Will Divest Pension Funds from Fossil Fuel Companies

New York City is taking historic steps to address the very real dangers of climate change
By Justin Mikulka, DeSmogBlog, January 10, 2018

Today New York Mayor Bill De Blasio announced a goal to divest New York City’s pension funds …

November 19, 2017

Published by Damascus Citizens at November 19, 2017

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World’s Biggest Sovereign Wealth Fund Proposes Ditching Oil and Gas Holdings

Energy industry jolted by advice to Norwegian government from its central bank, which runs 1 trillion dollar fund
By Adam Vaughan, The Guardian, November 16, 2017

The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s …

February 24, 2017

Published by Damascus Citizens at February 24, 2017

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Join the Global Movement for Fossil Fuel Divestment

A comprehensive guide to the basics of divestment: what it means, why the urgency and how it impacts climate change
By Emma Howard, The Guardian, June 23, 2015

What is Fossil Fuel Divestment?

Divestment is the opposite of investment – …

May 26, 2015

Published by Damascus Citizens at May 26, 2015

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Divestment

California Democrats Approve Sweeping Fossil Fuel Divestment Resolution

This resolution adds to the fast-growing momentum of the fossil fuel divestment movement
By Zahra Hirji, InsideClimate News, May 22, 2015

The California Democratic Party approved a sweeping resolution on Sunday to drop fossil fuel stocks from the state’s two …