News in English

Danish pension funds failing to engage fossil fuel companies over climate policy

Danish pension funds are failing to support independent climate resolutions at fossil fuel companies, according to a new report by AnsvarligFremtid entitled: THEIR VOTES, OUR FUTURE. HOW DANISH PENSION FUNDS VOTED ON CLIMATE IN 2021. Conducting a survey into how 16 Danish funds voted at annual general meetings this year, we found mixed results: a growing number are divesting, while those who still hold their shares aren’t voting in line with the Paris Agreement. AnsvarligFremtid conducted a survey, asking 16 Danish Pension funds how...

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Pension fund members made important progress for the climate at the 2021 annual general meetings

With as many as 19 climate proposals discussed at 10 general meetings, the climate was again in focus at this year's general meetings of Danish pension funds. Among these proposals, 9 proposals on climate were adopted with the support of the Board. One proposal was voted through without the support of the board, and a total of 9 climate proposals were not adopted. In addition, 2 proposals were submitted, but subsequently withdrawn because the proposals had already been implemented before the...

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Climate concerns take center stage at democratic board election in Danish pension fund P+

April 30, 2021 Candidates with green credentials now constitute a large part of the board in the Danish pension fund P+. This is clear after the members have cast their vote at the board election. The P+ pension fund invests 140 mia. DKK. (~20 bill. Euro) on behalf of 101.000 Engineers, Lawyers and Economists. Two of the candidates with green credentials even achieved the most votes, signaling that the members support the P+ pension fund in its effort to Paris-align the investment portfolio. The newly elected board will represent...

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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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