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Futurology
Jun 20, 2020
Seven major European investment firms told Reuters they will divest from beef producers, grains traders and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon rainforest.
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May 13, 2020
World's largest wealth fund blacklists four Canadian firms for emissions. Norway’s $1 trillion sovereign fund said on Wednesday it had excluded four Canadian oil and gas companies from its portfolio for producing excessive greenhouse gas emissions, its first use of that reason to blacklist firms.
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Futurology
May 01, 2020
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change. The Norway wealth fund holds a 2.94% stake in Barclays which was worth $1.2 billion at the end of 2019.
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Futurology
Apr 15, 2020
Mizuho says it will stop lending to new coal power projects. Mizuho, one of the world’s biggest lenders to coal stations, would cut its outstanding balance of 300 billion yen ($2.8 billion) in loans to coal power projects as of March this year in half by 2030 and reduce them to zero by 2050.
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Futurology
Apr 06, 2020
Investors with nearly $200 billion in assets holding shares in Japan’s Mizuho Financial Group say they plan to back a shareholder motion urging the bank to cut its lending for fossil fuels. It's the first time a Japanese publicly traded company has faced a shareholder climate change resolution.
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Futurology
Mar 17, 2020
Swedish pension fund joins move to end fossil fuel investments. AP1 has total assets under management of 365.8 billion Swedish crowns ($37.4 billion) between equities, interest-bearing securities, real estate, infrastructure, venture capital funds and hedge funds
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Futurology
Feb 03, 2020
Britain’s energy market regulator Ofgem laid out a plan on Monday to support the growth of renewable energy and get 10 million electric vehicles (EVs) on the roads by 2030. Its “decarbonisation action plan” also aims to support the development of an offshore grid
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Futurology
Nov 28, 2019
European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.
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Nov 05, 2019
“It’s already cheaper to install wind power than it is to install fossil fuel power in most cases...Certainly the running costs are cheaper. So we’re reaching a tipping point where stranded assets will become a significant thing for risk assets,” said Jim Leaviss, M&G's 'bond vigilante'.
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Futurology
Oct 24, 2019
U.S. companies facing worker shortage race to automate
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Sep 10, 2019
Car makers near CO2 cliff-edge in electrification race
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Jun 19, 2019
EU issues "green" investment guide to help combat climate change. The European Union has agreed to substantial reductions of carbon emissions by 2030 and its executive wants the bloc to reduce them to zero by 2050 to help stop global warming, the rise of average worldwide temperatures.
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