Catholic institutions divest from fossil fuels
So far, more than 150 Catholic banks, universities, foundations, and others have pledged to end their investments in fossil fuels.
Finance
UBS ends financing for all new offshore oil projects in Arctic
In addition to this announcement, the investment bank has achieved its sustainable investment goal three years early, increasing its core sustainable investments by more than 56% to USD $488 billion.
JPMorgan Chase and Wells Fargo will no longer fund Arctic drilling
JPMorgan Chase and Wells Fargo will no longer fund oil and gas drilling in the Arctic, including the Arctic National Wildlife Refuge. The announcements come on the heels of similar commitments made by Goldman Sachs and BlackRock.
Global green bond issuance grows 25% in 2019
Whether it’s in equities, government bonds, ETFs (exchange-traded funds) or hedge funds, investors around the world are demanding socially and environmentally conscious options.
The world’s most-profitable hedge fund pushes portfolio companies to dramatically cut emissions
TCI Fund Management – with $30 billion in assets – is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If they don’t, they’ll oust their boards or dump their shares.
New $8 million greenhouse nursery makes Nigeria self-sufficient in tomato production
It has the capacity to process 350 million tonnes of hybrid tomato seedlings per season enabling the planting of 12000 hectares of tomato farm.
Global green bond issuance hit record $255 billion in 2019
Sean Kidney, CEO at Climate Bonds Initiative, said: “The 2019 results and 2020 estimates bring the vital international milestone of $1trillion in annual green investment by 2021/2022 into sight.
Goldman Sachs will end funding for Arctic drilling
The multinational investment bank has updated their energy policy for the first time since 2015, stating that they will end financing for new drilling or exploration in the Arctic.
European Investment Bank to phase out fossil fuel financing by 2021
The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU’s lending arm the first multilateral lender to rule out financing for projects that contribute to the climate crisis.
All banking partners to private prison leader GEO Group to stop funding private prisons
Eight major banks have announced their commitment to ending their support of the immigration detention center and private prison industry.