News in English
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...
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 In addition, 2 proposals were submitted, but subsequently withdrawn because the proposals had already been implemented before the actual general meeting was held. As a...
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...
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+...
By Alister Doyle, Reuters on October 3, 2017 The coalition is the largest number of Catholic institutions to team up for a shift to green energy. https://www.scientificamerican.com/article/shunning-fossil-fuels-40-catholic-groups-seek-climate-action/
University of Copenhagen just became the first university in Denmark to go Fossil Free: http://gofossilfree.org/europe/university-of-copenhagen-commits-to-invest-fossil-free/
http://www.theguardian.com/environment/2016/jan/29/copenhagen-set-to-divest-from-fossil-fuels The mayor of Denmark’s capital launches a push to withdraw the city’s £700m investment fund out of coal, oil and gas holdings.
http://www.theguardian.com/environment/2015/may/05/members-of-three-danish-pension-funds-vote-to-divest-from-fossil-fuels Academics, civil engineers and architects from three of six funds worth £23bn vote to sell off coal and high risk oil and gas – but lawyers, vets and other engineers vote against divestment
http://online.wsj.com/news/articles/SB10001424052702304655104579163663464339836 Fossil-fuel investments are destined to lose their economic value. Investors need to adjust now.
http://www.theguardian.com/environment/2013/oct/08/campaign-against-fossil-fuel-growing Investors being persuaded to take their money out of fossil fuel sector, according to University of Oxford study.
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.
http://www.bloomberg.com/news/2013-08-06/investors-see-climate-change-as-risk-that-influences-decisions-report.html Climate change remains a material risk for a majority of investors and, in many cases, it is increasingly influencing their investment activities, according to a report released Aug. 5 by a coalition of global investor groups.
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.
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.
http://www.storebrand.no/site/stb.nsf/Pages/newsdesk.html#/news/storebrand-reduces-carbon-exposure-in-investments-19-companies-excluded-62954 After the latest sustainability analysis of the Energy sector, Storebrand has excluded 13 coal and 6 oil sands companies from all investments.
http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis Trillions of dollars at risk as stock markets inflate value of fossil fuels that may have to remain buried forever, experts warn.
http://www.rollingstone.com/politics/news/global-warmings-terrifying-new-math-20120719 Three simple numbers that add up to global catastrophe - and that make clear who the real enemy is.