Two strands of action are being taken by investors against the planet’s biggest and most polluting companies to try to coerce them into complying with climate targets. One group, known as the divest/invest movement, and including forty of the world’s largest cities, is acting on ethical grounds, simply selling members’ shares in polluters and investing in green alternatives. Members of the second group are hanging on to their profitable holdings but attempting to use their financial clout to persuade companies to stop killing the planet.
Climate News Network 9th Dec 2019 read more »
Carbon-intensive firms are likely to lose 43% of their value thanks to policies designed to combat climate change, a report says. Meanwhile the most progressive companies will see an uplift of 33% in their value. The forecast was commissioned by the UN-backed Principles for Responsible Investment (PRI). Representatives of fossil fuel companies told the BBC they were already adapting their businesses to take climate change into account. But the PRI study suggests major winners and losers will emerge between, and within, big sectors.
BBC 9th Dec 2019 read more »
The world’s most polluting companies could be sued for their contributions to global warming, a major human rights inquiry has found in what has been described as a “landmark victory for climate justice”. The head of a Philippines Commission on Human Rights panel, which has been investigating climate change for three years, revealed its conclusions on Monday that major fossil fuel firms may be held legally responsible for the impacts of their carbon emissions.
Independent 9th Dec 2019 read more »