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Prospective GB News Board Member is Fossil Fuel Investor

DeSmogBlog

Equinor has a majority stake in the Rosebank North Sea oil field, which has been dubbed a “carbon bomb” by environmental law charity ClientEarth. The startup broadcaster has lost £76 million since its launch in 2021 and relies on the resources of Marshall and its other big stakeholder, UAE-based investment firm Legatum, to survive.

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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry

DeSmogBlog

billion supporting the fossil fuel and petrochemical industry. Taxpayer handouts to Canada’s wealthiest companies means that less money is available for the types of investments that could actually help people across the country who are deciding between food and energy bills,” she said. The report also noted over $1.3

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California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit

DeSmogBlog

Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. billion invested in Chevron, BP, ExxonMobil, ConocoPhillips, and Shell, a new analysis from Stand.earth and Climate Safe Pensions Network has found. “It

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Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis

DeSmogBlog

public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 million in earnings. without the fossil fuel holdings. without the fossil fuel holdings. billion at the end of 2022, they would have been worth $424.6

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Leading ‘Sustainable’ Investment Funds Backing Fossil Fuels, Research Finds

DeSmogBlog

Major investment funds available to UK consumers are marketing themselves as “sustainable” and “ethical” while financing fossil fuel companies, research has found. The fund with the most fossil fuel-linked holdings in its portfolio was iShares Dow Jones Global Sustainability Screened. Fuelling the Fire’.

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Revealed: Three-quarters of Prestigious Green Advertising Awards Go To Agencies Working for Fossil Fuel Industry

DeSmogBlog

Three-quarters of prizes at the UK’s top sustainable advertising awards went to agencies who work for the fossil fuel industry, a DeSmog analysis has revealed. Coca-Cola also has a record of actively fighting against plastic pollution legislation, according to a report by U.S.-based

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UK pension funds invest £128bn in fossil fuels, report reveals

Business Green

New report from Friends of the Earth reveals none of the major UK pension schemes have plans to divest from fossil fuels. UK pension funds have invested an estimated £128bn in fossil fuels, according to a new report published today by environmental campaign group Friends of the Earth. Polluted Pensions?