Three oil companies pull out of Alaska’s Arctic National Wildlife Refuge
Indigenous and environmental groups led a campaign against drilling in the refuge, and 29 banks and 14 insurers now say they won’t fund drilling in the refuge.
Oil, natural gas & divestment
Zurich begins to turn off natural gas networks
The current shutdown in Switzerland’s biggest city is due to be completed in 2024 with more areas of Zurich set to see the end of natural gas between now and 2040.
Quebec became the first jurisdiction in the world to explicitly ban oil and gas development in its territory
For two decades, citizens have mobilized against different oil and gas projects in Quebec, including shale gas in the St. Lawrence Valley and oil projects in Gaspésie.
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.
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.