The Japanese part-owner of Australia’s newest coal-fired power plant has written off its investment amid dimming prospects for coal.
Guardian 17th Dec 2020 read more »
In what’s being billed as “the biggest leap forward worldwide on climate finance action this year,” a major US pension fund has announced plans to move its money out of fossil fuels. The New York State Common Retirement Fund has a portfolio of $226 billion worth of investments under its control. A substantial portion of that cash pile has been invested in the fossil fuel industry, including more than $1bn in the oil giant ExxonMobil.
Climate News Network 17th Dec 2020 read more »