The French parliament passed a law on Tuesday that bans exploration and production of all oil and natural gas by 2040 within mainland France and all overseas territories. Under the new law, France will not grant new permits or renew existing licenses that allow fracking or the extraction of fossil fuels. French President Emmanuel Macron, who has cast environmental protection as a key presidential policy, celebrated the vote.
Ecowatch 20th Dec 2017 read more »
In a major coup for divestment campaigners, state governor Andrew Cuomo and NYC comptroller Scott Stringer set out plans to halt pension investments into fossil fuels. New York has yesterday unveiled major plans to divest the state’s public pension fund from “significant” fossil fuel investments as part of a plan to shift the investment of public money in action to tackle climate change. The landmark move would ensure the New York State Common Retirement Fund (NYSCR) – which with $200bn in assets under management is the third largest in the US – would cease all new investment in significant fossil fuel-related activities.
Business Green 21st Dec 2017 read more »