Tag Archives: divest

Unisuper dumps coal assets as sector turns its back on fossil fuels

“Unisuper’s Global Environmental Opportunities fund that excludes oil, gas and coal companies and returned 13.9 per cent for the year, compared to its balanced fund which returned 1 per cent.” Unisuper has dropped its holdings in three ASX-listed energy companies … Continue reading

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Divest from fossil fuel campaign update by 350.org

So much recent action on Uni campuses in Australia has earned media attention, even internationally, with some success but setting the stage for more action with more members: https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FFossilFreeUnis%2Fvideos%2Fvb.263740000427652%2F791212041013776%2F%3Ftype%3D3&show_text=0&width=560

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Is the Pope a Catholic – Pope Francis v fossil fuel.

Six years ago, Pope Benedict XVI installed more than 1,000 solar panels on the Vatican’s audience hall, helping him earn him the sobriquet of the “Green Pope”. Some time in the next few months, his successor Pope Francis may just go one … Continue reading

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Declining Value Of Coal Just Killed Another Export Terminal

Why can this not happen in Australia? – Monday, the Port of Corpus Christi announced it was scrapping plans to build a coal export terminal….LA Times reported in May, “three of the original six proposed coal export terminals that have locked Oregon … Continue reading

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Big guys disregard carbon bubble

Even UK Telegraph, part of the gospel according to Murdoch, includes serious commentary about the latest report by Carbon Tracker and Lord Nick Stern. Essentially, the whole of coal, oil and gas industries represent a sub prime finance liability much … Continue reading

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Coal, oil & gas gone “rogue”, need to lobby super, banks etc to divest

Hewson says the average pension fund invests about 55 per cent of its portfolio in ”high-carbon intensive industries” and only 2 per cent in their low carbon counterparts….The best way is to put a higher percentage of their funds in … Continue reading

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Bursting the carbon bubble

From The Age – this story is about avoiding risk, from shares in coal, oil and gas, because their reserves are over valued by 80%. This makes all the shonky securities in GFC look like small change. Liberal stalwart John … Continue reading

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