But the announcements offered an encouraging echo of other recent developments. Norway, for instance, last month began work to divest its giant sovereign-wealth fund, which is bigger even than New York’s combined pensions. The World Bank, last week, said it would no longer be lending money for oil and gas exploration. BNP Paribas, France’s biggest listed bank, said on Wednesday it would no longer work with oil and natural gas companies that primarily do business in shale or oil sands as it plans to boost HSBC says coal assets in Australia could see their value halved in the next 24 months, while the Carbon Tracker Initiative says $674 billion annual investments in oil, coal and gas are at risk because they cannot be used if governments agree an emissions reduction deal at a UN summit scheduled for December 2015.

World Bank, ING, & AXA Announce Fossil Fuel Divestment Worth Billions. Three of the world’s biggest financial institutions — the World Bank, ING, and AXA — have all announced this week on the sidelines of the One Planet Summit in France plans to divest from fossil fuels including coal, oil, and gas. According to Shorting the Climate, a report documenting big bank support for fossil fuel infrastructure, the top global and U.S. banks provided $785 billion for fossil fuel infrastructure such as coal and tar sands development from 2013 through 2015. Advocates are taking action to ensure that banks do not continue to finance and lock in infrastructure that will push the world past the Paris climate agreement objectives. It’s probably more effective to divest from banks, since it’s the very banks whose investments and interest bearing loans keep nefarious industries thriving, including military weapons, pharmaceuticals and fossil fuels. It’s also the banking system that keep people under tight control through credit interest and fees. Through SunTrust Lantana Energy Advisors SM, our full service energy divestiture and advisory firm, we also offer a comprehensive suite of oil and gas acquisition and divestiture services. We provide complete transaction evaluation for companies interested in divesting oil and gas properties, from initial consultation to deal closing. In June 2014, the trustees of Union Theological Seminary in New York City unanimously voted to begin divesting fossil fuels from the seminary's $108.4 million endowment. Banks in the US. In 2019 the Goldman Sachs bank divested from arctic oil, coal thermal mines and mountaintop removal projects. United Kingdom

20 Mar 2019 "If banks don't rapidly phase out their support for dirty energy, planetary we must #divest our personal funds out of the banks that are funding 

20 Dec 2017 Upstream oil and gas: Calls for divestment. Going a step beyond the policies of the other development banks, the World Bank's exclusion on '  31 Jul 2019 “The bank will phase out support to energy projects reliant on fossil fuels: oil and gas production, infrastructure primarily dedicated to natural  10 May 2019 NEW ZEALAND activist groups have rallied together today to urge the country's banks to stop financing and investing in oil and gas companies. 8 Jul 2019 A watered down divestment plan would allow Norges Bank to retain its investments in energy majors such as Exxon Mobil, Chevron, BP and  13 May 2019 Divestment is one of the fastest-growing movements in the fight Yet greenhouse gas emissions from burning coal, oil, and natural gas are on the rise. That's why institutional investors like investment banks, pension funds, 

14 Feb 2020 For years, coal, oil and gas companies have been cultivating relationships Yes, firms and banks will lose a whole lot of money if they divest.

Norges Bank, the country’s central bank, on Thursday wrote a letter to the finance ministry urging it to cut its exposure to oil and gas markets to “reduce oil price risk in government wealth.” The recommendation would ultimately lead Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), to shed all investments in oil and gas The US bank is working for Danish transport and energy company AP Møller-Mærsk on the $7.45bn sale of its oil and gas business to France's Total, which is being advised by Lambert Energy Advisory, a Mayfair-based energy-sector boutique, according to two sources familiar with the advisory line-up. Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to companies involved in extracting fossil fuels. But the announcements offered an encouraging echo of other recent developments. Norway, for instance, last month began work to divest its giant sovereign-wealth fund, which is bigger even than New York’s combined pensions. The World Bank, last week, said it would no longer be lending money for oil and gas exploration. BNP Paribas, France’s biggest listed bank, said on Wednesday it would no longer work with oil and natural gas companies that primarily do business in shale or oil sands as it plans to boost HSBC says coal assets in Australia could see their value halved in the next 24 months, while the Carbon Tracker Initiative says $674 billion annual investments in oil, coal and gas are at risk because they cannot be used if governments agree an emissions reduction deal at a UN summit scheduled for December 2015.

Norges Bank, the country’s central bank, on Thursday wrote a letter to the finance ministry urging it to cut its exposure to oil and gas markets to “reduce oil price risk in government wealth.” The recommendation would ultimately lead Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), to shed all investments in oil and gas

31 Jul 2019 “The bank will phase out support to energy projects reliant on fossil fuels: oil and gas production, infrastructure primarily dedicated to natural  10 May 2019 NEW ZEALAND activist groups have rallied together today to urge the country's banks to stop financing and investing in oil and gas companies.

The US bank is working for Danish transport and energy company AP Møller-Mærsk on the $7.45bn sale of its oil and gas business to France's Total, which is being advised by Lambert Energy Advisory, a Mayfair-based energy-sector boutique, according to two sources familiar with the advisory line-up.

33 Banks Funneled 1.9 Trillion into Fossil Fuels since 2016. Use the drop- down menu to explore the patterns in bank financing for fossil fuels over Direct Action for Rights & Equality Divest Invest Divest, Invest, Protect Doodá Desert Xun Biosphere Project ZEROCARBON Energy Development & Information Centre  11 Apr 2019 Banking on Climate Change – Fossil Fuel Finance Report Card 2019 , the 10th has been expanded to include coal and gas investors, as well as oil, as it it announced it would divest almost $8 billion in investments in 134  19 hours ago Banks Invest in Coal, Gas Projects Despite Pushback The bank, though, said it would continue to provide loans to oil and gas The fund's chairman, Urban Hansson Brusewitz, on Monday said divesting from fossil fuels is  2 Feb 2020 Researchers at 350.org calculate that institutions like banks, schools, like the University of Hawaii, have divested from oil and gas as well. 3 Jan 2020 Former Bank of Canada governor touts tough line on climate financing. plans to divest their holdings in heavy oil companies — moves which have Asked how a bank could evaluate an oil and gas well in Canada versus  15 Jan 2020 Terence Corcoran: Mark Carney 'absolutely' opposes oil divestment Bank of England Governor Mark Carney, soon to be the UN envoy on climate Carney's ambiguity drew the attention of John Constable, energy editor of  19 hours ago Financing for fracked oil and gas also increased year on year, with for banks to take corrective action – they must divest from fossil fuels now.

According to Shorting the Climate, a report documenting big bank support for fossil fuel infrastructure, the top global and U.S. banks provided $785 billion for fossil fuel infrastructure such as coal and tar sands development from 2013 through 2015. Advocates are taking action to ensure that banks do not continue to finance and lock in infrastructure that will push the world past the Paris climate agreement objectives. It’s probably more effective to divest from banks, since it’s the very banks whose investments and interest bearing loans keep nefarious industries thriving, including military weapons, pharmaceuticals and fossil fuels. It’s also the banking system that keep people under tight control through credit interest and fees. Through SunTrust Lantana Energy Advisors SM, our full service energy divestiture and advisory firm, we also offer a comprehensive suite of oil and gas acquisition and divestiture services. We provide complete transaction evaluation for companies interested in divesting oil and gas properties, from initial consultation to deal closing.