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Clean gas is a dirty lie: Paris-aligned pension funds need to divest from fossil gas companies

Fossil gas is not a “transition fuel” in a 1.5°C world, even though the gas industry claims differently. Today, activists across Europe are calling for recognition of the dangers of fossil gas. Gas Free Pensions, a network of European environmental organizations including Danish AnsvarligFremtid, Fossil Free Sweden, Fossil Free Berlin, and Italian Re:Common, calls on pension funds to recognise the dangers of continuing investment in fossil gas companies. Today, citizen activists under the collective Gastivists in more than 12+...

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German Utilities Hammered in Market Favoring Renewables

http://www.bloomberg.com/news/2013-08-11/german-utilities-hammered-in-market-favoring-renewables.html Across Europe and some of the U.S., utilities that a decade ago dominated markets now struggle to cope with lower prices exacerbated by subsidized renewables that don’t pay fuel costs. The pain is most acute in Germany, which led the world installing solar farms and has the largest offshore wind plans.

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Divesting From Fossil Fuels Means A Cleaner, Safer And More Resilient Future

http://www.forbes.com/sites/ashoka/2013/07/29/divesting-from-fossil-fuels-means-a-cleaner-safer-and-more-resilient-future/ There are still ample reserves to continue building our economy based on fossil fuels, but if we want to stabilize the climate and avoid the most catastrophic effects of climate change, we have to stop investing in extracting, refining and burning them.

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World Bank to limit financing of coal-fired plants

http://uk.reuters.com/article/2013/07/16/us-worldbank-climate-coal-idUKBRE96F19U20130716 (Reuters) - The World Bank's board on Tuesday agreed to a new energy strategy that will limit financing of coal-fired power plants to "rare circumstances," as the Washington-based global development powerhouse seeks to address the impact of climate change.

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