The dramatic slump in global oil prices has, as usual, caught governments, industry and markets off guard.
Articles: financial divestment from fossil fuel companies (5)
As international climate scientists warn runaway greenhouse gas emissions could cause "severe, pervasive and irreversible impacts," the Obama administration is abandoning attempts to have Congress agree to a legally binding international climate deal.
We used to think investing in fossil fuel was okay, but the new science has convinced us, and we don't think that way any longer.
The Eco-Justice Working Group of Philadelphia Yearly Meeting has announced that more than $2 million of assets have been divested from fossil fuels and reinvested in a new Quaker Green Fund offered by Friends Fiduciary Corporation.
The moral of this story: people in power and bureaucrats seem exceptionally obtuse when it comes to recognizing that the world has changed and the old rules no longer apply.