Dutch bank ING ends financing for new oil and gas projects
The bank has also said it will target a 50% increase in lending for renewable energy by 2025, building on strong growth in 2021, when financing grew 26% to 7.3 billion euros.
Oil, natural gas & divestment
E.U. looks to cut reliance on Russian gas with new investment in climate-friendly heat pumps
The EU will target programs and policies to accelerate the installation of clean, efficient heat pumps to the tune of 10 million new heat pump installations in the next five years.
Ecuador’s top court rules for stronger land rights for Indigenous communities
The ruling will immediately affect oil and mining projects across the country, as they must now seek the consent of Indigenous communities who might be affected by their activities.
LA City Council votes unanimously to end urban oil drilling
This big win follows on the heels of similar recent phase-out votes by the Los Angeles County Board of Supervisors and Culver City Council.
Barcelona’s bus fleet will soon run on biofuel made from sewage sludge
The initiative is part of the Nimbus Project, which aims to encourage a circular economy in the city, starting with green public transportation.
Developers cancel Oregon pipeline and natural gas export terminal
The $8 billion, three-foot-wide, 229-mile-long pipeline would have carried methane-based gas from Canada to the Oregon facility where it would have been shipped to international markets.
Boston Mayor Wu divests city funds from fossil fuels
The measure prohibits public investment in any financial instrument deriving more than 15% of its revenue from fossil fuels, as well as from tobacco products or jail or prison facilities.
Largest Dutch pension fund to divest from fossil fuel producers
The ABP fund is a wealthy and influential investor that manages the pension savings of more than 3 million Dutch workers and has some 15 billion euros invested in fossil fuel production.
Aberdeen University decides to divest from fossil fuels
The move, coming just weeks away from the U.N. COP26 climate conference in Glasgow, makes the university, which lies in the heart of Europe’s “oil and gas capital”, the 90th in the U.K. to commit to divestment.
U.S. federal judge overturns oil and gas lease sales on 58,000 acres of public lands in Colorado
A federal judge agreed with conservation groups that fracking and drilling will worsen air quality in a region where smog levels have exceeded federal pollution standards and threaten public health.