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	<channel>
		<title>Conservation news</title>
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		<link>https://news.mongabay.com/list/divestment/</link>
		<description>Environmental science and conservation news</description>
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	<title>News on Divestment</title>
	<link>https://news.mongabay.com/list/divestment/</link>
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				<item>
					<title>Coal gasification, an old technology, is quietly expanding across Asia</title>
					<link>https://news.mongabay.com/2025/01/coal-gasification-an-old-technology-is-quietly-expanding-across-asia/</link>
					<comments>https://news.mongabay.com/2025/01/coal-gasification-an-old-technology-is-quietly-expanding-across-asia/#respond</comments>
					<pubDate>21 Jan 2025 21:15:44 +0000</pubDate>
											<dc:creator>
							<![CDATA[Nithin Coca]]>
						</dc:creator>
										<author>
						<![CDATA[Isabel Esterman]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2025/01/20160840/16095570567_a6b43346bc_o-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=293159</guid>

					
											<locations>
							<![CDATA[Asia, China, East Asia, India, Indonesia, South Asia, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Air Pollution, Climate, Climate Change, Coal, Degraded Lands, Divestment, Economics, Energy, Environment, Finance, Fossil Fuels, Greenhouse Gas Emissions, Human Rights, Land Rights, Mining, Politics, Pollution, and Water Pollution]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[In Nagasaki prefecture, on the southern Japanese island of Kyushu, J-Power, the operator of the aging Matsushima coal-fired power plant, has an idea to keep the unit operating despite the country’s no-coal pledge: gasification. “Japan considers coal gasification a form of abatement, and thus in line with their commitments to phase out unabated coal power,” [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[In Nagasaki prefecture, on the southern Japanese island of Kyushu, J-Power, the operator of the aging Matsushima coal-fired power plant, has an idea to keep the unit operating despite the country’s no-coal pledge: gasification. “Japan considers coal gasification a form of abatement, and thus in line with their commitments to phase out unabated coal power,” said Evan Gach, program coordinator at Kiko Network, a Japanese NGO. “But in reality, it’s a loophole.” The technology to turn coal into a synthetic gas, to be used in power generation or for industrial use, has been around for decades. But in recent years, the coal industry has revived it as an alternative to conventional fossil fuels like natural gas and petroleum, with projects planned in Indonesia, China and India. While gasification can result in less air pollution than conventional coal burning due the ability to separate pollutants during liquefaction, studies published by the Wilson Center and international researchers indicate that expanding coal gasification would result in significantly greater greenhouse gas emissions than relying on liquefied petroleum gas (LPG) or natural gas, due to coal’s higher carbon intensity. Another concern is that demand for coal could also result in greater methane emissions from continued or increased exploitation of Indonesian, Chinese or Indian coal mines. Across Asia, climate advocates warn that loopholes are allowing for a technology that, despite industry claims, is seen by scientists and experts as both polluting and costly. “The fact that coal gasification is an energy- and emissions-intensive process means that&hellip;This article was originally published on <a href="https://news.mongabay.com/2025/01/coal-gasification-an-old-technology-is-quietly-expanding-across-asia/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
										<wfw:commentRss>https://news.mongabay.com/2025/01/coal-gasification-an-old-technology-is-quietly-expanding-across-asia/feed/</wfw:commentRss>
					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-293159</doi>				</item>
						<item>
					<title>World Bank still backs coal in Asia, despite climate claims, report reveals</title>
					<link>https://news.mongabay.com/2023/10/world-bank-still-backs-coal-in-asia-despite-climate-claims-report-reveals/</link>
					<comments>https://news.mongabay.com/2023/10/world-bank-still-backs-coal-in-asia-despite-climate-claims-report-reveals/#respond</comments>
					<pubDate>05 Oct 2023 18:36:37 +0000</pubDate>
											<dc:creator>
							<![CDATA[Carolyn Cowan]]>
						</dc:creator>
										<author>
						<![CDATA[Philip Jacobson]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2023/10/05155906/Coal_01_RAB-e1696521592918-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=273991</guid>

					
											<locations>
							<![CDATA[Asia, Cambodia, China, Indonesia, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Air Pollution, Banking, Climate, Climate Change, Coal, Degraded Lands, Divestment, Energy, Environment, Finance, Fossil Fuels, Greenhouse Gas Emissions, Habitat Loss, Land Rights, Mining, Pollution, and Water Pollution]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[The World Bank continues to indirectly finance some of Asia’s largest coal developers despite its pledges to stop doing so and align with the Paris Agreement, according to a new report from environmental and economic watchdogs. The report, by Inclusive Development International, Recourse and Indonesia-based civil society organization Trend Asia, shows that the World Bank’s [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[The World Bank continues to indirectly finance some of Asia’s largest coal developers despite its pledges to stop doing so and align with the Paris Agreement, according to a new report from environmental and economic watchdogs. The report, by Inclusive Development International, Recourse and Indonesia-based civil society organization Trend Asia, shows that the World Bank’s private sector subsidiary, the International Financial Corporation (IFC), invested in banks and other financial institutions that are funding at least 39 coal developments that could generate more than 68 gigawatts of new coal-powered capacity throughout China, Indonesia and Cambodia. “This is the opposite of the sustainable development that IFC purports to promote, and it is having a devastating impact on coal-affected communities throughout Asia and the entire planet in this time of climate peril,” David Pred, executive director of Inclusive Development International, said in a statement. In 2013, the World Bank committed to withdraw from coal and later pledged to align its investments with the Paris Agreement. A 2019 Green Equity Strategy, which compels the multilateral lender’s client banks to halve their coal exposure by 2025 and eliminate it from their portfolios by 2030, was initially welcomed by observers. However, the presence of “loopholes and gray areas” in the strategy enables IFC clients to continue to funnel capital to coal developers and coal-powered industrial projects, the report says. Coal on a barge near Tanjung Redeb in East Kalimantan, Indonesia. Image by Rhett A. Butler for Mongabay The report follows formal complaints lodged against the IFC&hellip;This article was originally published on <a href="https://news.mongabay.com/2023/10/world-bank-still-backs-coal-in-asia-despite-climate-claims-report-reveals/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
										<wfw:commentRss>https://news.mongabay.com/2023/10/world-bank-still-backs-coal-in-asia-despite-climate-claims-report-reveals/feed/</wfw:commentRss>
					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-273991</doi>				</item>
						<item>
					<title>98% of Bunge shareholders back proposal to reduce deforestation</title>
					<link>https://news.mongabay.com/2021/05/bunge-shareholders-back-green-century-proposal-to-reduce-deforestation/</link>
					<comments>https://news.mongabay.com/2021/05/bunge-shareholders-back-green-century-proposal-to-reduce-deforestation/#respond</comments>
					<pubDate>12 May 2021 16:38:26 +0000</pubDate>
											<dc:creator>
							<![CDATA[Nicolás Bustamante Hernández]]>
						</dc:creator>
										<author>
						<![CDATA[Genevieve Belmaker]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2019/10/31115731/IMG-20190214-WA0026-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=242559</guid>

					
											<locations>
							<![CDATA[Brazil and South America]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Business, Conservation, Corporate Social Responsibility, Corporations, Deforestation, Divestment, Drivers Of Deforestation, Finance, Happy-upbeat Environmental, Rainforests, and Tropical Deforestation]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[In an unprecedented vote, 98% of shareholders of commodities-trading giant Bunge Limited have voted in favor of a proposal made by activist investment funds to strengthen the company’s non-deforestation policies. Green Century Capital Management, which tabled the proposal with Storebrand Asset Management, said in an announcement that the voting took place at Bunge’s annual meeting [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[In an unprecedented vote, 98% of shareholders of commodities-trading giant Bunge Limited have voted in favor of a proposal made by activist investment funds to strengthen the company’s non-deforestation policies. Green Century Capital Management, which tabled the proposal with Storebrand Asset Management, said in an announcement that the voting took place at Bunge’s annual meeting of shareholders on May 5. The company is considered one of the &#8220;Big 4&#8221; traders of agricultural raw materials in the world, among them soybeans from Brazil, where the crop is associated with high rates of deforestation. In what Green Century called a &#8220;rare show of support,&#8221; Bunge&#8217;s board of directors recommended that shareholders vote in favor of the resolution. “The company plans to produce a report that aligns with the requests outlined in the proposal. However, Green Century and other investors are urging the company also to adopt policies that effectively address its material risks related to deforestation,” Green Century said in a press release. “We are encouraged by the board&#8217;s support, but we will be vigilant to ensure the company takes comprehensive steps to eliminate deforestation and conversion of native vegetation in the company&#8217;s soy supply chain,” said Leslie Samuelrich, Green Century’s president. &#8220;The vote should be a signal to other companies in the Brazilian soy supply chain that investors are on high alert about these risks,&#8221; she added. The unprecedented display of investor support at Bunge&#8217;s annual meeting closes a successful season of stakeholder engagement on the issue of preventing deforestation. In&hellip;This article was originally published on <a href="https://news.mongabay.com/2021/05/bunge-shareholders-back-green-century-proposal-to-reduce-deforestation/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-242559</doi>				</item>
						<item>
					<title>&#8220;Activism gives you hope&#8221;: Q&#038;A with Wallace Global Fund’s Ellen Dorsey</title>
					<link>https://news.mongabay.com/2021/04/activism-gives-you-hope-qa-with-wallace-global-funds-ellen-dorsey/</link>
					<comments>https://news.mongabay.com/2021/04/activism-gives-you-hope-qa-with-wallace-global-funds-ellen-dorsey/#respond</comments>
					<pubDate>06 Apr 2021 15:24:16 +0000</pubDate>
											<dc:creator>
							<![CDATA[Rhett Ayers Butler]]>
						</dc:creator>
										<author>
						<![CDATA[Rhett Butler]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2021/04/04023142/rise-for-climate-header-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=241248</guid>

											<reporting-project>
							<![CDATA[Nature conservation Influencers]]>
						</reporting-project>
					
											<locations>
							<![CDATA[Global and United States]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Climate Change, Coal, Divestment, Energy, Environment, Fossil Fuels, Human Rights, Indigenous Rights, Interviews, Interviews with conservation players, philanthropy, and Renewable Energy]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[The Wallace Global Fund’s Ellen Dorsey says philanthropic foundations need to do more, including divesting from fossil fuels and focusing less on building their own endowments.]]>
						</description>
																					<content:encoded>
							<![CDATA[A decade ago, the idea of using the financial resources of university endowments, religious institutions and philanthropic foundations as a mechanism to advance action on climate change was still in its relative infancy, mostly limited to college campuses. While divestment has been long used as a tool for activism, in the early 2010s, plenty of institutions that were ostensibly working on or supporting efforts to combat climate change were still heavily invested in the fossil fuel companies that were most responsible for driving carbon emissions. As a student of the anti-apartheid movement, Ellen Dorsey understood the power of using an institution&#8217;s financial muscle to achieve real-world outcomes. And as the head of the Wallace Global Fund, a private foundation established by entrepreneur and former U.S. vice president Henry Wallace, she was in the position to help support the movement, including accelerating adoption within the philanthropic sector. So the Wallace Global Fund became one of the major backers of the fossil fuels divestment movement, putting money into coal divestment campaigns on college campuses, youth groups and other advocacy efforts. Dorsey and the Wallace Global Fund also organized the &#8220;Divest-Invest Philanthropy&#8221; initiative to bring other foundations on board, both in terms of existing investments in polluting industries and investing in cleaner ones. &#8220;Organizing within philanthropy was important because, of course, it is very difficult for movement organizations, who are the recipients of funding, to call on their funders to divest. It was very clear we needed to do a peer-to-peer campaign to&hellip;This article was originally published on <a href="https://news.mongabay.com/2021/04/activism-gives-you-hope-qa-with-wallace-global-funds-ellen-dorsey/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-241248</doi>				</item>
						<item>
					<title>Environmental assassinations bad for business, new research shows</title>
					<link>https://news.mongabay.com/2021/01/environmental-assassinations-bad-for-business-new-research-shows/</link>
					<comments>https://news.mongabay.com/2021/01/environmental-assassinations-bad-for-business-new-research-shows/#respond</comments>
					<pubDate>20 Jan 2021 18:38:42 +0000</pubDate>
											<dc:creator>
							<![CDATA[Genevieve Belmaker]]>
						</dc:creator>
										<author>
						<![CDATA[Genevieve Belmaker]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2017/12/18013336/peru_aerial_0263-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=238814</guid>

					
											<locations>
							<![CDATA[Amazon, Peru, and Philippines]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Conflict, Divestment, Endangered Environmentalists, Finance, Gold Mining, Illegal Mining, Mining, Murdered Activists, Murdered Journalists, Rainforests, and Resource Conflict]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[The old adage of &#8220;money talks&#8221; is being given a modern data analysis stress test and applied to the assassinations of civil society activists in the global mining sector. In fact, according to a trio of economics experts from Oxford University and Australia’s Monash University who have taken on the subject, it is simply bad [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[The old adage of &#8220;money talks&#8221; is being given a modern data analysis stress test and applied to the assassinations of civil society activists in the global mining sector. In fact, according to a trio of economics experts from Oxford University and Australia’s Monash University who have taken on the subject, it is simply bad business for a multinational firm to be associated with a publicly reported murder. This is especially true if some key baseline factors are in play: notably, a slow news day and a specific company connected by name with the violence-associated project. That naming must also be done through the media, or a civil society organization like a nonprofit human rights organization. For the Oxford-Monash study, the team analyzed data stretching back to 1998 in the mining and extractive industries alone, eventually confirming the assassinations of 354 individuals over two decades in that sector globally. A key factor: small or highly leveraged firms tend to be more wrapped up with on-the-ground factors at the mining outfit, which can play into the impact of a publicized murder. The more leveraged a firm, the more disruptive the news of a murder tends to be. The cost to companies is undeniable: the researchers&#8217; analysis calculates a median loss price tag of more than $100 million in market capitalization for a firm associated with an assassination. When the market does respond to such deaths, it does so swiftly, within 10 days of the murder being publicly reported. The response is&hellip;This article was originally published on <a href="https://news.mongabay.com/2021/01/environmental-assassinations-bad-for-business-new-research-shows/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-238814</doi>				</item>
						<item>
					<title>Philippines declares no new coal plants — but lets approved projects through</title>
					<link>https://news.mongabay.com/2020/11/philippines-declares-no-new-coal-plants-but-lets-approved-projects-through/</link>
					<comments>https://news.mongabay.com/2020/11/philippines-declares-no-new-coal-plants-but-lets-approved-projects-through/#respond</comments>
					<pubDate>05 Nov 2020 05:37:41 +0000</pubDate>
											<dc:creator>
							<![CDATA[Leilani Chavez]]>
						</dc:creator>
										<author>
						<![CDATA[Leilani]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2019/09/24005436/RS6687_Defending-Philippines-report-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=236527</guid>

					
											<locations>
							<![CDATA[Asia, Philippines, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Climate Change, Coal, Divestment, Energy, Environment, Environmental Policy, Finance, Geothermal Energy, Law, Mining, Politics, and Renewable Energy]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[MANILA — The Philippines’ energy department has declared a moratorium on new coal-fired power plants, following a reassessment of the country’s energy system. But while the ban halts applications for new plants, it will not extend to previously approved projects that are already in the pipeline. Energy Secretary Alfonso Cusi, who has been criticized for [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[MANILA — The Philippines’ energy department has declared a moratorium on new coal-fired power plants, following a reassessment of the country’s energy system. But while the ban halts applications for new plants, it will not extend to previously approved projects that are already in the pipeline. Energy Secretary Alfonso Cusi, who has been criticized for not pursuing carbon-free power generation more aggressively, announced the department’s planned coal plant moratorium at a ministerial conference on renewable energy in Singapore on Oct. 27. “While we have initially embraced a technology-neutral policy, our periodic assessment of our country’s energy requirements is paving the way for innovative adaptations in our policy direction,” Cusi said, adding the move will help the Philippines shift to a “more flexible power supply mix … flexible enough to accommodate the entry of new, cleaner, and indigenous technological innovations.” The coal-fired Quezon Power Plant in Mauban, Quezon. The 511MW power plant was commissioned in 2000 and is owned and operated by Quezon Power (Philippines), Limited Co. Image by Lawrence Ruiz (Epi Fabonan III) via Wikimedia Commons (CC BY-SA 4.0) The department has not yet identified the proposed power plants that would be affected by the moratorium, but the ban could “result in the cancellation of over 13.79-GW of new coal plants” and herald a transition to renewable energy, a network of local and regional anti-coal groups said in a press release. “The decision of the Philippine Department of Energy [DOE] to cease its endorsement of new coal-fired power plants is&hellip;This article was originally published on <a href="https://news.mongabay.com/2020/11/philippines-declares-no-new-coal-plants-but-lets-approved-projects-through/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-236527</doi>				</item>
						<item>
					<title>Norway’s sovereign wealth fund drops major Brazil miner, utility from its portfolio</title>
					<link>https://news.mongabay.com/2020/05/norways-sovereign-wealth-fund-drops-major-brazil-miner-utility-from-its-portfolio/</link>
					<comments>https://news.mongabay.com/2020/05/norways-sovereign-wealth-fund-drops-major-brazil-miner-utility-from-its-portfolio/#respond</comments>
					<pubDate>19 May 2020 09:24:05 +0000</pubDate>
											<dc:creator>
							<![CDATA[Ashoka Mukpo]]>
						</dc:creator>
										<author>
						<![CDATA[Ashoka]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2019/02/10195612/1-td-768x495.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=230424</guid>

					
											<locations>
							<![CDATA[Brazil and South America]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Business, Dams, Divestment, Finance, Forests, Funding, Governance, Indigenous Peoples, Indigenous Rights, Infrastructure, Rainforests, and Tropical Forests]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Norway’s Government Pension Fund Global (GPFG) has excluded two of Brazil’s largest energy companies from its portfolio, the fund’s executive board said last week. The decision to divest from mining giant Vale and Eletrobras, Latin America’s largest utilities company, follows a recommendation by GPFG’s ethics council, which found that the two companies had violated the [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Norway’s Government Pension Fund Global (GPFG) has excluded two of Brazil’s largest energy companies from its portfolio, the fund’s executive board said last week. The decision to divest from mining giant Vale and Eletrobras, Latin America’s largest utilities company, follows a recommendation by GPFG’s ethics council, which found that the two companies had violated the fund’s environmental and human rights rules. GPFG is the world’s largest sovereign wealth fund, with more than $1 trillion in assets. The fund also announced that it would no longer invest in five other companies that had either caused “severe environmental damage” or failed to adequately cut greenhouse gas emissions. Rainforest Foundation Norway praised the move, saying it could “trigger a wave of divestment by investors internationally.” The GPFG had held a roughly 1% stake in the two Brazilian companies as of the end of 2018 before selling its positions in recent months. “We see that a lot of international capital is leaving Brazil currently because of the deterioration of public policies for environmental and human rights protections,” Vemund Olsen, senior adviser at Rainforest Foundation Norway, said in an interview with Mongabay. Including the new additions, there are now 142 companies on GPFG’s exclusion list. The fund’s guidelines list a number of ways that companies can land on the list, including complicity in serious human rights violations, excessive reliance on thermal coal, environmental damage, and corruption. Vale is one of Brazil’s largest private companies and until recently was the world’s top iron ore producer. The&hellip;This article was originally published on <a href="https://news.mongabay.com/2020/05/norways-sovereign-wealth-fund-drops-major-brazil-miner-utility-from-its-portfolio/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-230424</doi>				</item>
						<item>
					<title>Wealth fund divests from Peruvian firm after indigenous group complaint</title>
					<link>https://news.mongabay.com/2020/03/wealth-fund-divests-from-peruvian-firm-after-indigenous-group-complaint/</link>
					<comments>https://news.mongabay.com/2020/03/wealth-fund-divests-from-peruvian-firm-after-indigenous-group-complaint/#respond</comments>
					<pubDate>20 Mar 2020 11:09:09 +0000</pubDate>
											<dc:creator>
							<![CDATA[Lauren Crothers]]>
						</dc:creator>
										<author>
						<![CDATA[Genevieve Belmaker]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2018/10/25010224/sabah_2580-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=228089</guid>

					
											<locations>
							<![CDATA[Amazon, Peru, and South America]]>
						</locations>
					
											<topic-tags>
							<![CDATA[agribusiness, Corporate Environmental Transgressors, Corporate Social Responsibility, Deforestation, Divestment, Finance, Forests, Palm Oil, Rainforests, Saving Rainforests, Solutions, and Tropical Forests]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[A major sovereign wealth fund has pulled its entire $12.3-million investment from a Peruvian company that was accused in 2019 of failing to sever ties to a palm oil plantation accused of violating the rights of an indigenous group. According to the most recent “responsible investment” report (PDF) from Norges Bank Investment Management (NBIM), one [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[A major sovereign wealth fund has pulled its entire $12.3-million investment from a Peruvian company that was accused in 2019 of failing to sever ties to a palm oil plantation accused of violating the rights of an indigenous group. According to the most recent “responsible investment” report (PDF) from Norges Bank Investment Management (NBIM), one of the world’s largest sovereign wealth funds and sometimes called the Norwegian Oil Fund, part of its 2019 overview included a follow-up “on how Alicorp SAA managed deforestation and human rights risk in supply chains.” Clearwater river in the Andean foothills of Peru. Photo by Rhett A. Butler. Alicorp is one of 42 companies that NBIM divested from in 2019 and is no longer among the five Peruvian companies that the fund lists in its Peruvian investment portfolio online. The report says that when the fund decides to divest, it does so “to avoid investing in companies that produce certain types of products or are responsible for violations of ethical principles.” According to a statement released on March 5 by the U.K.-based nonprofit Forest Peoples Programme (FPP), a complaint was filed with the fund in June 2019 on behalf of the Shipibo-Konibo indigenous group. The complaint alleged that Alicorp was continuing to do business with Ocho Sur, a palm oil company that destroyed 70 square kilometers (27 square miles) of the community’s ancestral forests. “[T]he Shipibo-Konibo community and allies pointed out how Alicorp’s operations failed to comply with NBIM’s standards for companies, including its ‘expectation&hellip;This article was originally published on <a href="https://news.mongabay.com/2020/03/wealth-fund-divests-from-peruvian-firm-after-indigenous-group-complaint/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-228089</doi>				</item>
						<item>
					<title>Norway divests from plantation companies linked to deforestation</title>
					<link>https://news.mongabay.com/2019/03/norway-divests-from-plantation-companies-linked-to-deforestation/</link>
					<comments>https://news.mongabay.com/2019/03/norway-divests-from-plantation-companies-linked-to-deforestation/#respond</comments>
					<pubDate>01 Mar 2019 20:15:58 +0000</pubDate>
											<dc:creator>
							<![CDATA[Morgan Erickson-Davis]]>
						</dc:creator>
										<author>
						<![CDATA[Morgan Erickson-Davis]]>
					</author>
							<category><![CDATA[Uncategorized]]></category>
										<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2019/03/01201021/sabah_aerial_3024-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=216073</guid>

					
											<locations>
							<![CDATA[Africa, Asia, Cameroon, Cote D'Ivoire, Gabon, Indonesia, Liberia, Malaysia, Oceania, Papua New Guinea, Solomon Islands, Southeast Asia, and West Africa]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Agriculture, Cacao, Deforestation, Divestment, Environment, Forests, Green, Industrial Agriculture, Palm Oil, Plantations, Protected Areas, Rainforests, Rubber, and Tropical Forests]]>
						</topic-tags>
					
											<grant>
							<![CDATA[G-1801-55636, 2018-67916]]>
						</grant>
					
											<description>
							<![CDATA[This week, Norway released the 2018 investment holdings of its massive government pension fund. Notably absent were four plantation companies previously listed in the portfolio: Olam International, Halcyon Agri Corp, Sime Darby Plantation and Sipef. Olam International and Halcyon Agri Corp are both Singapore-based agribusiness companies, with Olam linked to deforestation for oil palm plantations [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[This week, Norway released the 2018 investment holdings of its massive government pension fund. Notably absent were four plantation companies previously listed in the portfolio: Olam International, Halcyon Agri Corp, Sime Darby Plantation and Sipef. Olam International and Halcyon Agri Corp are both Singapore-based agribusiness companies, with Olam linked to deforestation for oil palm plantations in Gabon and cocoa in Ghana and the Ivory Coast, and Halcyon Agri&#8217;s subsidiary Sudcam razing rainforest for a vast rubber plantation near a UNESCO site in Cameroon. Belgium-based Sipef runs oil palm, rubber, banana and tea plantations in Indonesia and Papua New Guinea, while Sime Darby Plantations produces palm oil in several countries in Southeast Asia, West Africa and Oceania. An industrial rubber plantation in Colombia. Photo by Rhett A. Butler/Mongabay. With around $1 trillion in assets, Norway&#8217;s Government Pension Fund Global (GPFG) is the world&#8217;s largest sovereign wealth fund. Norway established the fund in 1990 to invest surplus profits from its petroleum sector, which it does so in hundreds of companies worldwide. However, it doesn&#8217;t invest in just any company &#8211; certain ethical guidelines must be met. Coal mining, human rights violations, production of nuclear weapons, and &#8220;severe environmental damage&#8221; are a few criteria that prohibit the fund from investing in a company. &#8220;The Ministry of Finance has established ethically motivated guidelines for observation and exclusion of companies from the fund,&#8221; said Marthe Skaar of Norges Bank Investment Management, which manages the fund. &#8220;The guidelines contain criteria for exclusion based either on the&hellip;This article was originally published on <a href="https://news.mongabay.com/2019/03/norway-divests-from-plantation-companies-linked-to-deforestation/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-216073</doi>				</item>
						<item>
					<title>World Bank exits controversial Angostura goldmine project in Colombian moorland</title>
					<link>https://news.mongabay.com/2017/03/world-bank-exits-controversial-angostura-goldmine-project-in-colombian-moorland/</link>
					<comments>https://news.mongabay.com/2017/03/world-bank-exits-controversial-angostura-goldmine-project-in-colombian-moorland/#respond</comments>
					<pubDate>23 Mar 2017 08:06:03 +0000</pubDate>
											<dc:creator>
							<![CDATA[Bram Ebus]]>
						</dc:creator>
										<author>
						<![CDATA[Genevieve Belmaker]]>
					</author>
															<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2017/03/30123828/1280px-Laguna_Verde_Silos_Mutiscua-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=194191</guid>

					
											<locations>
							<![CDATA[Colombia and South America]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Conservation, Corporations, Divestment, Drinking Water, Gold Mining, and Mining]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[BOGOTÁ – A four year-old complaint against global mining company Eco Oro Minerals Corp. has resulted in an investigation and divestment from major investors in a regional project in Colombia. The International Finance Corporation (IFC), the private lending arm of the World Bank, was pressured to divest from a major mining project in Colombia owned [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[BOGOTÁ – A four year-old complaint against global mining company Eco Oro Minerals Corp. has resulted in an investigation and divestment from major investors in a regional project in Colombia. The International Finance Corporation (IFC), the private lending arm of the World Bank, was pressured to divest from a major mining project in Colombia owned by Eco Oro in December 2016. The Canadian junior mining company has struggled since the 1990s (then named Greystar Resources Limited) to develop its Angostura goldmine that is prospected in Colombia’s Santurbán Páramo – a high altitude wetland ecosystem. Colombia has 34 páramos, or moorlands, and according to the Center for International Environmental Law, they are a source of freshwater for millions of people and home to precious metals often sought after by mining companies. In the case of Santurbán, despite the IFC&#8217;s interest in the area&#8217;s generous gold deposits, the legal situation became prohibitively complicated over time. A new Colombian law that went on the books last year prohibits mining in moorlands, but companies continue to engage in nearby development. A complaint made in 2012 before the Compliance Advisor Ombudsman (CAO) by the Committee for the Defense of Water and the Santurbán Páramo led to a follow-up investigation by the World Bank´s independent accountability mechanism. The final CAO report issued in August 2016 found that Eco Oro: “Was planning to develop a mine for which the potential to comply with IFC’s environmental and social standards was uncertain and potentially challenging.” The investigation results also determined&hellip;This article was originally published on <a href="https://news.mongabay.com/2017/03/world-bank-exits-controversial-angostura-goldmine-project-in-colombian-moorland/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-194191</doi>				</item>
						<item>
					<title>Japanese, Singaporean banks finance controversial Indonesian coal plant</title>
					<link>https://news.mongabay.com/2017/03/japanese-singaporean-banks-finance-controversial-indonesian-coal-plant/</link>
					<comments>https://news.mongabay.com/2017/03/japanese-singaporean-banks-finance-controversial-indonesian-coal-plant/#respond</comments>
					<pubDate>06 Mar 2017 18:01:26 +0000</pubDate>
											<dc:creator>
							<![CDATA[Isabel Esterman]]>
						</dc:creator>
										<author>
						<![CDATA[Isabel Esterman]]>
					</author>
															<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2017/03/30124346/street-theater-in-front-of-japanese-embassy-by-Jurnasyanto-Sukarno-1-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=193710</guid>

					
											<locations>
							<![CDATA[Asia, Central Java, Indonesia, Java, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Climate Change, Coal, Corporate Social Responsibility, Divestment, Energy, Environment, Fossil Fuels, Infrastructure, and Politics]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[A consortium of Asian banks will provide US$3.36 billion in loans to support the expansion of the Tanjung Jati B coal-fired power plant project in the Jepara district of Indonesia’s Central Java province. Plans to expand Tanjung Jati B are part of a broader initiative that aims to add 35,000 megawatts to Indonesia&#8217;s electrical grid [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[A consortium of Asian banks will provide US$3.36 billion in loans to support the expansion of the Tanjung Jati B coal-fired power plant project in the Jepara district of Indonesia’s Central Java province. Plans to expand Tanjung Jati B are part of a broader initiative that aims to add 35,000 megawatts to Indonesia&#8217;s electrical grid by 2019. The government is relying heavily on coal to meet this ambitious goal, with 117 new coal-fired power plants planned. The Tanjung Jati plant, and its expansion plans, have been the target of sustained protests from both local and international groups. The 2,640-megawatt plant began operating in 2006, and local fisherman say their catches —and, correspondingly, their earnings — have since declined. The planned expansion will add another 2,000 megawatts of capacity, drawing protests from activists who say the expansion further threatens the health and livelihoods of the surrounding communities. A coal power station in Jepara emits smoke and fumes into the surrounding landscape. Photo by Paul Hilton/Greenpeace. The financing agreement, announced last week, does not include two French banks which originally planned to provide loans to plant operator PT. Bhumi Jati Power (BJP). Société Générale reversed plans to fund Tanjung Jati B in accordance with the bank’s October 2016 pledge not to fund projects that are incompatible with the Paris climate agreements. Crédit Agricole, which was previously part of the co-financing arrangement, also does not appear in the announced list of participating banks. Both Société Générale and Crédit Agricole have been targeted by&hellip;This article was originally published on <a href="https://news.mongabay.com/2017/03/japanese-singaporean-banks-finance-controversial-indonesian-coal-plant/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-193710</doi>				</item>
						<item>
					<title>French bank backs out of financing Indonesian coal plant</title>
					<link>https://news.mongabay.com/2017/01/french-bank-backs-out-of-financing-indonesian-coal-plant/</link>
					<comments>https://news.mongabay.com/2017/01/french-bank-backs-out-of-financing-indonesian-coal-plant/#respond</comments>
					<pubDate>04 Jan 2017 20:19:12 +0000</pubDate>
											<dc:creator>
							<![CDATA[Isabel Esterman]]>
						</dc:creator>
										<author>
						<![CDATA[Isabel Esterman]]>
					</author>
															<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2017/01/04175519/GP04FYK-768x512.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://news.mongabay.com/?p=192153</guid>

					
											<locations>
							<![CDATA[Asia, Central Java, Indonesia, Java, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Climate Change, Coal, Corporate Social Responsibility, Divestment, Energy, Environment, and Politics]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[French bank Société Générale has confirmed that it will not finance the expansion of Tanjung Jati B-2 coal plant project in the Jepara district of Indonesia&#8217;s Central Java province, activist group Friends of the Earth France announced Tuesday. Tanjung Jati B power station, a 2,640 megawatt coal power plant in Central Java&#8217;s Jepara District, began [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[French bank Société Générale has confirmed that it will not finance the expansion of Tanjung Jati B-2 coal plant project in the Jepara district of Indonesia&#8217;s Central Java province, activist group Friends of the Earth France announced Tuesday. Tanjung Jati B power station, a 2,640 megawatt coal power plant in Central Java&#8217;s Jepara District, began operations in 2006. Plant Operator PT Central Java Power now plans to add two additional 1,000 megawatt units, at an estimated cost of $4 billion. The plant, and its expansion plans, have been the target of sustained protests from both local and international groups, who say the plant pollutes water, air and crops, threatening the health and livelihoods of the surrounding communities. Société Générale&#8217;s move to drop financing for the project is in accordance with the bank&#8217;s recent pledge not to fund projects that are incompatible with the Paris climate agreements. In October 2016, ahead of the Marrakesh climate talks, the bank announced it would &#8220;no longer finance the coal-fueled power plants or related infrastructure anywhere in the world.&#8221; The bank had previously committed to cease financing such projects in high-income countries. A shepherdess watches over her flock of sheep that graze near a coal power plant in Jepara, Central Java. Photo by Kemal Jufri/Greenpeace. Tanjung Jati  fell into a grey area; a final contract had not yet been signed, but the bank&#8217;s deal with project-sponsor Sumitomo was initiated prior to the announcement of the new policy in October. According to Lucie Pinson, private finance&hellip;This article was originally published on <a href="https://news.mongabay.com/2017/01/french-bank-backs-out-of-financing-indonesian-coal-plant/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-192153</doi>				</item>
						<item>
					<title>How to use the Bloomberg Terminal for advocacy work: advanced tools</title>
					<link>https://news.mongabay.com/2016/08/use-bloomberg-terminal-advocacy-work-advanced-tools/</link>
					<comments>https://news.mongabay.com/2016/08/use-bloomberg-terminal-advocacy-work-advanced-tools/#respond</comments>
					<pubDate>08 Aug 2016 19:53:51 +0000</pubDate>
											<dc:creator>
							<![CDATA[Dan Williams]]>
						</dc:creator>
										<author>
						<![CDATA[Rebecca Kessler]]>
					</author>
															<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2016/08/01193346/sarawak_2015043-wt-495x330.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://wildtech-mongabay-com.mongabay.com/?p=185467</guid>

					
											<locations>
							<![CDATA[Global, Malaysia, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Conservation, Conservation Technology, Corporate Environmental Transgressors, Corporate Social Responsibility, Corporations, Deforestation, Divestment, Drivers Of Deforestation, Environment, Forest Destruction, Forest Loss, Forests, Habitat Loss, Palm Oil, Tropical Forests, and Wildtech]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Other stories in Mongabay’s series on using the Bloomberg Terminal in advocacy work: Part 1: How to use the Bloomberg Terminal for advocacy work: the basics Part 2: Tracking assets for environmental advocacy work with Bloomberg  The previous two articles in this three-part series detailed some of the basic functions of the Bloomberg Terminal — [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Other stories in Mongabay’s series on using the Bloomberg Terminal in advocacy work: Part 1: How to use the Bloomberg Terminal for advocacy work: the basics Part 2: Tracking assets for environmental advocacy work with Bloomberg  The previous two articles in this three-part series detailed some of the basic functions of the Bloomberg Terminal — Windows-based proprietary software that many financial organizations rely on for news, financial data, and analytics tools — and described how they might be of interest to the advocacy community. This third and final article will introduce some of the Bloomberg Terminal’s more advanced offerings. These include data on global weather trends, country risk assessments, and Excel templates that can be used to analyze anything from a country’s so-called Environmental, Social, and Governance risk score to commodity pricing strategies. Determining whether a particular asset — for instance, a commodity like palm oil — is correctly priced or over- or undervalued by the market can give a buyer or seller an advantage in negotiating to trade the asset. It can also give an advocate leverage to influence producers and traders. But determining the appropriate price of an asset can be difficult, since so many factors influence price, from weather to trade agreements between countries. The Bloomberg Terminal offers pertinent information and tools to assist in these assessments. One of the terminal’s more useful tools is its weather-forecasting function. Global temperature and weather patterns strongly influence companies’ agricultural strategies and output. When it comes to palm oil, for example, the Bloomberg Terminal offers&hellip;This article was originally published on <a href="https://news.mongabay.com/2016/08/use-bloomberg-terminal-advocacy-work-advanced-tools/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-188497</doi>				</item>
						<item>
					<title>Tracking assets for environmental advocacy work with Bloomberg</title>
					<link>https://news.mongabay.com/2016/06/use-bloomberg-terminal-advocacy-work-tracking-assets/</link>
					<comments>https://news.mongabay.com/2016/06/use-bloomberg-terminal-advocacy-work-tracking-assets/#respond</comments>
					<pubDate>09 Jun 2016 20:49:47 +0000</pubDate>
											<dc:creator>
							<![CDATA[Dan Williams]]>
						</dc:creator>
										<author>
						<![CDATA[Rebecca Kessler]]>
					</author>
															<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2016/06/01193414/060916-Bloomberg2_sabah_0031x-495x330.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://wildtech-mongabay-com.mongabay.com/?p=185330</guid>

					
											<locations>
							<![CDATA[Asia, Indonesia, Malaysia, and Southeast Asia]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Conservation, Conservation Technology, Corporate Environmental Transgressors, Corporate Social Responsibility, Corporations, Deforestation, Divestment, Drivers Of Deforestation, Environment, Forest Destruction, Forest Loss, Forests, Habitat Loss, Palm Oil, Technology, Threats To Rainforests, Tropical Forests, and Wildtech]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Other stories in Mongabay’s series on using the Bloomberg Terminal in advocacy work: Part 1: How to use the Bloomberg Terminal for advocacy work: the basics Part 3: How to use the Bloomberg Terminal for advocacy work: advanced tools The Bloomberg Terminal is Windows-based proprietary software that offers users real-time access to global news sources, financial [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Other stories in Mongabay’s series on using the Bloomberg Terminal in advocacy work: Part 1: How to use the Bloomberg Terminal for advocacy work: the basics Part 3: How to use the Bloomberg Terminal for advocacy work: advanced tools The Bloomberg Terminal is Windows-based proprietary software that offers users real-time access to global news sources, financial data, and analytics tools. Historically, only for-profit financial organizations have used the Bloomberg Terminal. However, Bloomberg has vast resources that would be useful to the advocacy community. Companies are increasingly making pledges to improve the sustainability of their production methods. The reputational risk to big companies associated with sourcing goods from downstream producers can influence the price they are willing to pay for a commodity. This, in turn, can help change the way producers operate. However, sustainability pledges are hard to enforce if there is no mechanism to track assets from the source or producer level to the upstream manufacturer or consumer level. For advocacy groups, the process of tracking assets has historically been a grassroots effort that relied on individuals manually collecting data, such as where and how a commodity was grown, and disseminating it through proprietary channels to a limited network. The financial industry has also struggled to track assets in most industries. Government and advocacy groups are increasingly setting up initiatives to fill the gap in certain sectors, such as palm oil and seafood, but much work remains to be done. In the meantime, using the Bloomberg Terminal could improve the efficiency&hellip;This article was originally published on <a href="https://news.mongabay.com/2016/06/use-bloomberg-terminal-advocacy-work-tracking-assets/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-188360</doi>				</item>
						<item>
					<title>How to use the Bloomberg Terminal for advocacy work: the basics</title>
					<link>https://news.mongabay.com/2016/05/use-bloomberg-terminal-advocacy-work-basics/</link>
					<comments>https://news.mongabay.com/2016/05/use-bloomberg-terminal-advocacy-work-basics/#respond</comments>
					<pubDate>06 May 2016 18:48:38 +0000</pubDate>
											<dc:creator>
							<![CDATA[Dan Williams]]>
						</dc:creator>
										<author>
						<![CDATA[Rebecca Kessler]]>
					</author>
															<enclosure url="https://imgs.mongabay.com/wp-content/uploads/sites/20/2016/05/01193324/sumatra_1469-wt-495x330.jpg" type="image/jpeg" />
					<guid isPermaLink="false">https://wildtech-mongabay-com.mongabay.com/?p=185246</guid>

					
											<locations>
							<![CDATA[Asia, Global, Indonesia, Malaysia, Sarawak, Southeast Asia, and West Kalimantan]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Conservation, Conservation Technology, Corporate Environmental Transgressors, Corporate Social Responsibility, Corporations, Divestment, Environment, Forest Destruction, Forests, Habitat Loss, Threats To Rainforests, Tropical Forests, and Wildtech]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Other stories in Mongabay’s series on using the Bloomberg Terminal in advocacy work: Part 2: Tracking assets for environmental advocacy work with Bloomberg  Part 3: How to use the Bloomberg Terminal for advocacy work: advanced tools The Bloomberg Professional service is Windows-based proprietary software that offers users real-time access to global news sources, financial data, and [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Other stories in Mongabay’s series on using the Bloomberg Terminal in advocacy work: Part 2: Tracking assets for environmental advocacy work with Bloomberg  Part 3: How to use the Bloomberg Terminal for advocacy work: advanced tools The Bloomberg Professional service is Windows-based proprietary software that offers users real-time access to global news sources, financial data, and analytics tools. It comes with a special keyboard and monitors, but is commonly referred to as the “Bloomberg Terminal” from the early 1980s versions that came as an actual computer terminal. Historically, only for-profit financial organizations have used the Bloomberg Terminal. However, it has vast resources with useful data that the advocacy community could be leveraging to enact change. These include information about securities, Environmental, Social and Governance (ESG) information, global news feeds, shipping and port locations, and research reports from various institutions. Bloomberg Finance L.P., the company that makes the terminal, has identified the non-profit sector as an underrepresented constituency in its user base. This lack of representation can be explained partly by the high expense of obtaining a terminal, which costs $24,000 a year, and partly by a lack of awareness in the advocacy community. Bloomberg Terminals may be available at larger non-profit firms or research institutions. The initial Bloomberg welcome screen shown below has links to various tools like securities information, help functions, and links to customization menus. Users can completely customize the terminal based on their interests and intended use. They can set the home screen to display news feeds from&hellip;This article was originally published on <a href="https://news.mongabay.com/2016/05/use-bloomberg-terminal-advocacy-work-basics/" data-wpel-link="internal">Mongabay</a>]]>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-188276</doi>				</item>
						<item>
					<title>Norway sovereign fund drops coal, tar sands, gold-mining companies</title>
					<link>https://news.mongabay.com/2015/02/norway-sovereign-fund-drops-coal-tar-sands-gold-mining-companies/</link>
					<comments>https://news.mongabay.com/2015/02/norway-sovereign-fund-drops-coal-tar-sands-gold-mining-companies/#respond</comments>
					<pubDate>09 Feb 2015 17:26:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Jeremy Hance]]>
						</dc:creator>
										<author>
						<![CDATA[Jeremy Hance]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2015/02/norway-sovereign-fund-drops-coal-tar-sands-gold-mining-companies/</guid>

					
											<locations>
							<![CDATA[Norway]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Carbon Emissions, Climate Change, Coal, Deforestation, Divestment, Economics, Environment, Finance, Forests, Fossil Fuels, Global Environmental Crisis, Global Warming, Gold Mining, Governance, Green, Greenhouse Gas Emissions, Happy-upbeat Environmental, Oil, Oil Sands, Palm Oil, Politics, Sustainability, Sustainable Development, Tar Sands, and Water]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Alberta tar sands. Photo courtesy of Dru Oja Jay, Dominion. In its first-ever report on responsible investing, Norway&#8217;s pension fund announced last week that it has divested from 114 companies in the past three years due to concerns over global warming, deforestation, and sustainability as well as long-term financial viability. Worth a staggering $861 billion, [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Alberta tar sands. Photo courtesy of Dru Oja Jay, Dominion. In its first-ever report on responsible investing, Norway&#8217;s pension fund announced last week that it has divested from 114 companies in the past three years due to concerns over global warming, deforestation, and sustainability as well as long-term financial viability. Worth a staggering $861 billion, Norway&#8217;s Government Pension Fund Global (GPFG) is the world&#8217;s largest sovereign wealth fund. “We have gradually increased the scope of risk-based divestments, both geographically and thematically,” said Yngve Slyngstad, CEO of Norges Bank Investment Management. Also known as the Oil Fund, given most of its wealth comes from the petroleum sector, the GPFG is so massive that it owns arounds 1.3 percent of the world&#8217;s listed shares. Although it has not released the names of all the companies, the GPFG has dropped 43 corporations due to deforestation risks. More than half of these companies were in the palm oil industry, but they also included Indonesian coal mining companies, paper producers, and gold miners. It dropped 22 companies due to unacceptably high greenhouse gas emissions&#8212;including coal, tar sands, and cement companies. The GFPG still heavily invests in many fossil fuel companies, but decides on divestment on a case-by-case basis. The GFPG also expelled 35 companies due to water management risks, including tar sands companies. Finally, 14 companies were expelled for unnamed reasons. The GPFG already excludes any companies involved in tobacco, nuclear weapons, and land mines. &#8220;We like to use the word active not activist, but&hellip;This article was originally published on <a href="https://news.mongabay.com/2015/02/norway-sovereign-fund-drops-coal-tar-sands-gold-mining-companies/" data-wpel-link="internal">Mongabay</a>]]>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-24121</doi>				</item>
						<item>
					<title>Climate coup: Rockefeller announces they are dropping fossil fuel investments</title>
					<link>https://news.mongabay.com/2014/09/climate-coup-rockefeller-announces-they-are-dropping-fossil-fuel-investments/</link>
					<comments>https://news.mongabay.com/2014/09/climate-coup-rockefeller-announces-they-are-dropping-fossil-fuel-investments/#respond</comments>
					<pubDate>22 Sep 2014 21:52:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Jeremy Hance]]>
						</dc:creator>
										<author>
						<![CDATA[Jeremy Hance]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2014/09/climate-coup-rockefeller-announces-they-are-dropping-fossil-fuel-investments/</guid>

					
					
											<topic-tags>
							<![CDATA[Climate Change, Divestment, Economics, Energy, Environment, Fossil Fuels, Global Environmental Crisis, Global Warming, Green, Happy-upbeat Environmental, Mitigation, Oil, Politics, and Solutions]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Sunset. Photo by: Rhett A. Butler. In 1870, John D. Rockefeller founded the Standard Oil Company. Rapidly becoming the world&#8217;s largest oil refiner, Standard made Rockefeller a billionaire and one of the world&#8217;s greatest philanthropists. A hundred and forty-four years later and John D. Rockefeller&#8217;s descendants have announced they are stripping fossil fuels from the [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Sunset. Photo by: Rhett A. Butler. In 1870, John D. Rockefeller founded the Standard Oil Company. Rapidly becoming the world&#8217;s largest oil refiner, Standard made Rockefeller a billionaire and one of the world&#8217;s greatest philanthropists. A hundred and forty-four years later and John D. Rockefeller&#8217;s descendants have announced they are stripping fossil fuels from the Rockefeller Brothers Fund, a private charity with around $860 million in assets, due to the rising threat of global warming. &#8220;John D. Rockefeller, the founder of Standard Oil, moved America out of whale oil and into petroleum,&#8221; Stephen Heintz, president of the Rockefeller Brothers Fund, said in a statement today. &#8220;We are quite convinced that if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy.&#8221; To date the global divestment movement has largely attracted colleges, churches, pension funds, and environmental groups. With the Rockefeller decision, however, it moves one step closer to the mainstream of global financing. &#8220;The [Rockefeller Brothers Fund] has begun a two-step process to divest from investments in fossil fuels, first focusing on limiting its exposure to coal and tar sands, with a goal to reduce these investments to less than one percent of the total portfolio by the end of 2014,&#8221; reads a statement form the charity. &#8220;The Fund is also analyzing in detail its remaining fossil fuel exposure and will develop a plan for further divestment as quickly as is prudent over&hellip;This article was originally published on <a href="https://news.mongabay.com/2014/09/climate-coup-rockefeller-announces-they-are-dropping-fossil-fuel-investments/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
										<wfw:commentRss>https://news.mongabay.com/2014/09/climate-coup-rockefeller-announces-they-are-dropping-fossil-fuel-investments/feed/</wfw:commentRss>
					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-24664</doi>				</item>
						<item>
					<title>Deutsche Bank dumps controversial palm oil company</title>
					<link>https://news.mongabay.com/2014/05/deutsche-bank-dumps-controversial-palm-oil-company/</link>
					<comments>https://news.mongabay.com/2014/05/deutsche-bank-dumps-controversial-palm-oil-company/#respond</comments>
					<pubDate>27 May 2014 17:36:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Mongabay.com]]>
						</dc:creator>
										<author>
						<![CDATA[Rhett Butler]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2014/05/deutsche-bank-dumps-controversial-palm-oil-company/</guid>

					
											<locations>
							<![CDATA[Indonesia, Liberia, Nigeria, and Uganda]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Corporate Environmental Transgressors, Deforestation, Divestment, Environment, Forests, Green, Palm Oil, Peatlands, and Plantations]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Peatland forest clearance for palm oil. Excavators clear intact peatland forests and build drainage canals in an oil palm concession owned by PT Andalan Sukses Makmur, a subsidiary of Bumitama Agri Ltd. Taken 11/13/2013 © Kemal Jufri / Greenpeace. Deutsche Bank has sold its stake in Bumitama, an Indonesian palm company that has been embroiled [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Peatland forest clearance for palm oil. Excavators clear intact peatland forests and build drainage canals in an oil palm concession owned by PT Andalan Sukses Makmur, a subsidiary of Bumitama Agri Ltd. Taken 11/13/2013 © Kemal Jufri / Greenpeace. Deutsche Bank has sold its stake in Bumitama, an Indonesian palm company that has been embroiled in controversy over alleged destruction of rainforests and peatlands in Borneo, reports Friends of the Earth Europe. The German banking giant revealed the divestment last week during its annual meeting after Rettet den Regenwald, a German NGO, presented a petition with nearly 88,000 signatures calling on it to dump Bumitama. Both Friends of the Earth Europe and Rettet den Regenwald welcomed the move. &#8220;It is high time that a financial institution like Deutsche Bank listens to the voices of both its customers and German citizens,&#8221; said Mathias Rittgerott of Rettet den Regenwald in a statement. &#8220;We do not support palm oil production, and we do not want Deutsche Bank to give any support to destructive palm oil companies.&#8221; &#8220;Deutsche Bank’s divestment from Bumitama is a good start towards cleaning up the mess of Bumitama and this step must be followed by other banks and investors who wish to invest responsibly,&#8221; added Anton P. Widjaya, director of Walhi-Friends of the Earth West Kalimantan (Indonesia). Friends of the Earth Europe is currently in the midst of a campaign to pressure banks that finance palm oil companies, including Rabobank, BNP Paribas, and Dutch pension funds ABP and PfZW.&hellip;This article was originally published on <a href="https://news.mongabay.com/2014/05/deutsche-bank-dumps-controversial-palm-oil-company/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-25185</doi>				</item>
						<item>
					<title>Stanford kicks coal out of its $18 billion endowment</title>
					<link>https://news.mongabay.com/2014/05/stanford-kicks-coal-out-of-its-18-billion-endowment/</link>
					<comments>https://news.mongabay.com/2014/05/stanford-kicks-coal-out-of-its-18-billion-endowment/#respond</comments>
					<pubDate>07 May 2014 18:21:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Jeremy Hance]]>
						</dc:creator>
										<author>
						<![CDATA[Jeremy Hance]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2014/05/stanford-kicks-coal-out-of-its-18-billion-endowment/</guid>

					
											<locations>
							<![CDATA[United States]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Climate Change, Coal, Divestment, Economics, Energy, Environment, Finance, Fossil Fuels, Global Environmental Crisis, Global Warming, Green, Happy-upbeat Environmental, and Mitigation]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[The fossil fuel divestment campaign won a major victory today as Stanford University announced it would drop coal companies from its massive $18.7 billion endowment, the fourth largest of any American university. The action follows a petition by student group Fossil Free Stanford, five months of research by Stanford&#8217;s Advisory Panel on Investment Responsibility and [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[The fossil fuel divestment campaign won a major victory today as Stanford University announced it would drop coal companies from its massive $18.7 billion endowment, the fourth largest of any American university. The action follows a petition by student group Fossil Free Stanford, five months of research by Stanford&#8217;s Advisory Panel on Investment Responsibility and Licensing, and finally a vote by the Board of Trustees. &#8220;The university&#8217;s review has concluded that coal is one of the most carbon-intensive methods of energy generation and that other sources can be readily substituted for it,&#8221; said Stanford President John Hennessy. &#8220;Moving away from coal in the investment context is a small, but constructive, step while work continues, at Stanford and elsewhere, to develop broadly viable sustainable energy solutions for the future.&#8221; The move means that Stanford will sell off any stock related to around 100 global companies that make most of their money from extracting coal. However the university will not sell off investments related to other fossil fuels, such as gas and oil, at this time. Eleven other smaller universities have divested from fossil fuels entirely, but Stanford is the first major university to move forward on fossil fuel divestment, an issue that has plagued other institutions, such as Harvard. Coal mine in Wyoming. Burning coal is the most carbon-intensive energy source. Photo by: the U.S. Bureau of Land Management. Activists say the fossil fuel divestment campaign&#8217;s primary goal isn&#8217;t to hurt company&#8217;s bottom lines, but instead to add ethical and political&hellip;This article was originally published on <a href="https://news.mongabay.com/2014/05/stanford-kicks-coal-out-of-its-18-billion-endowment/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-25277</doi>				</item>
						<item>
					<title>Zoos join fossil fuel divestment movement</title>
					<link>https://news.mongabay.com/2013/11/zoos-join-fossil-fuel-divestment-movement/</link>
					<comments>https://news.mongabay.com/2013/11/zoos-join-fossil-fuel-divestment-movement/#respond</comments>
					<pubDate>05 Nov 2013 17:08:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Jeremy Hance]]>
						</dc:creator>
										<author>
						<![CDATA[Jeremy Hance]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2013/11/zoos-join-fossil-fuel-divestment-movement/</guid>

					
					
											<topic-tags>
							<![CDATA[Activism, Aquariums, Biodiversity, Carbon Emissions, Climate Change, Divestment, Economics, Energy, Environment, Finance, Fossil Fuels, Global Warming, Green, Greenhouse Gas Emissions, Happy-upbeat Environmental, Mitigation, and Zoos]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Last month, over a hundred representatives from zoos and aquariums around the world joined climate activism group, 350.org, pledging that their institutions would take action against global warming, including the possibility of divesting from fossil fuel companies. The effort, dubbed Zoos and Aquariums for 350, was launched during the annual meeting of the Conservation Breeding [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[Last month, over a hundred representatives from zoos and aquariums around the world joined climate activism group, 350.org, pledging that their institutions would take action against global warming, including the possibility of divesting from fossil fuel companies. The effort, dubbed Zoos and Aquariums for 350, was launched during the annual meeting of the Conservation Breeding Specialist Group (CBSG). &#8220;What could be more consistent with the conservation mission of zoos and aquariums than working to ensure that governments acknowledge the reality of climate change and take action?&#8221; said Onnie Byers, the chair of CBSG. In recent decades, many zoos and aquariums have taken a more active role in supporting conservation efforts beyond traditional captive-breeding, including setting up their own conservation programs, funding scientists in the field, or expanding initiatives to educate visitors. But no environmental issue likely threatens more species in more regions of the world&#8212;from coral reefs to Arctic mammals to high-altitude rainforest species&#8212;than global warming. &#8220;Zoos and Aquariums are critical places for the fossil fuel divestment movement to take hold. As institutions dedicated to conservation and biodiversity, they have an incredible opportunity to educate the world on the climate crisis,&#8221; says co-founder of 350.org, Phil Aroneanu, who attended the meeting. 350.org, whose name refers to the level of carbon in the atmosphere that scientists deem safe in parts per million (levels passed 400 ppm for the first time this May), initially kicked-off its fossil fuel divestment campaign last year. It called on universities, churches, cities, and pension funds to&hellip;This article was originally published on <a href="https://news.mongabay.com/2013/11/zoos-join-fossil-fuel-divestment-movement/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-26140</doi>				</item>
						<item>
					<title>Norway blacklists 2 Malaysian logging companies for &#8216;severe environmental damage&#8217; in Borneo</title>
					<link>https://news.mongabay.com/2013/10/norway-blacklists-2-malaysian-logging-companies-for-severe-environmental-damage-in-borneo/</link>
					<comments>https://news.mongabay.com/2013/10/norway-blacklists-2-malaysian-logging-companies-for-severe-environmental-damage-in-borneo/#respond</comments>
					<pubDate>14 Oct 2013 18:12:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Mongabay.com]]>
						</dc:creator>
										<author>
						<![CDATA[Rhett Butler]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2013/10/norway-blacklists-2-malaysian-logging-companies-for-severe-environmental-damage-in-borneo/</guid>

					
											<locations>
							<![CDATA[Borneo, Malaysia, and Norway]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Deforestation, Divestment, Environment, Forestry, Forests, Green, Illegal Logging, Logging, and Rainforests]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[Norway&#8217;s $760 billion pension fund has divested from two Malaysian forestry companies due to &#8216;severe environmental damage&#8217;. On Saturday, the Norwegian Government Pension Fund Global (GPFG) — the world&#8217;s largest sovereign wealth fund — announced it has sold stakes in WTK Holdings Berhad and Ta Ann Holdings Berhad, Malaysian companies with extensive logging operations and [&#8230;]]]>
						</description>
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							<![CDATA[Norway&#8217;s $760 billion pension fund has divested from two Malaysian forestry companies due to &#8216;severe environmental damage&#8217;. On Saturday, the Norwegian Government Pension Fund Global (GPFG) — the world&#8217;s largest sovereign wealth fund — announced it has sold stakes in WTK Holdings Berhad and Ta Ann Holdings Berhad, Malaysian companies with extensive logging operations and timber plantations. The decision is based on recommendations from the fund&#8217;s Council on Ethics, which conducted an investigation that found &#8220;unacceptable risk&#8221; of large-scale forest destruction, non-compliance with environmental laws, and poor forest management practices. In the case of WTK, the Council found evidence of logging in breach of regulations outside concession boundaries, in buffer zones along river banks and roads, and on steep slopes. It added that destructive WTK logging operations inside primary forests in the ‘Heart of Borneo’ may have contributed to the log-jam disaster that made international headlines in 2010 when a 50 kilometer stretch of the Rajang river in Sarawak was blocked by logs. &#8220;The Council finds that WTK does little to reduce the environmental damage associated with its forest operations,&#8221; said a report from the Council. For Ta Ann, the Council documented instances of egregious forest destruction in the ‘Heart of Borneo’, including re-entry logging without required Environmental Impact Assessments. It said that Ta Ann&#8217;s measures to limit environmental damage &#8212; which include a now-expired partnership with WWF &#8212; are falling short. &#8220;Given that the conversion of tropical forests involves the complete, irreversible alteration of affected ecosystems, the scale of&hellip;This article was originally published on <a href="https://news.mongabay.com/2013/10/norway-blacklists-2-malaysian-logging-companies-for-severe-environmental-damage-in-borneo/" data-wpel-link="internal">Mongabay</a>]]>
						</content:encoded>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-26259</doi>				</item>
						<item>
					<title>Ten U.S. cities pledge to kick fossil fuel investments to the curb</title>
					<link>https://news.mongabay.com/2013/05/ten-u-s-cities-pledge-to-kick-fossil-fuel-investments-to-the-curb/</link>
					<comments>https://news.mongabay.com/2013/05/ten-u-s-cities-pledge-to-kick-fossil-fuel-investments-to-the-curb/#respond</comments>
					<pubDate>01 May 2013 13:32:00 +0000</pubDate>
											<dc:creator>
							<![CDATA[Suzanne Goldenberg]]>
						</dc:creator>
										<author>
						<![CDATA[Jeremy Hance]]>
					</author>
															<enclosure url="" type="image/jpeg" />
					<guid isPermaLink="false">http://news.mongabaydev.co.uk/2013/05/ten-u-s-cities-pledge-to-kick-fossil-fuel-investments-to-the-curb/</guid>

					
											<locations>
							<![CDATA[North America and United States]]>
						</locations>
					
											<topic-tags>
							<![CDATA[Activism, Climate Change, Coal, Corporate Environmental Transgressors, Corporations, Divestment, Economics, Energy, Environment, Environmental Policy, Finance, Fossil Fuels, Green, Natural Gas, Oil, and Politics]]>
						</topic-tags>
					
					
											<description>
							<![CDATA[The cities of San Francisco and Seattle have pulled their money out of fossil fuel companies, taking a climate divestment campaign from college campuses to local government. The campaign group 350.org said on Thursday it had won commitments from a total of 10 cities and towns to divest from 200 of leading fossil fuel companies. [&#8230;]]]>
						</description>
																					<content:encoded>
							<![CDATA[The cities of San Francisco and Seattle have pulled their money out of fossil fuel companies, taking a climate divestment campaign from college campuses to local government. The campaign group 350.org said on Thursday it had won commitments from a total of 10 cities and towns to divest from 200 of leading fossil fuel companies. &#8220;Divestment is just one of the steps we can take to address the climate crisis,&#8221; the Seattle mayor, Mike McGinn, said in a statement. The divestment decision carries real weight for cities such as San Francisco, which control large employee pension funds. City supervisors in San Francisco voted this week to move some $583m in its $16bn pension fund that was invested in fossil fuel companies. Other cities that signed on to the divestment campaign include: Madison and Bayfield in Wisconsin, Ithaca, New York, Boulder, Colorado, State College, Pennsylvania, Eugene, Oregon, and Richmond and Berkeley, both in California. Jamie Henn of 350.org said the divestment commitments from those smaller centers would help put pressure on state authorities to take a look at their investments. He said the group also hoped the move by the cities would build momentum for the divestment effort now underway on American college campuses. Students activists are now running climate divestment campaigns on more than 300 college campuses. So far, four colleges have divested since the campaign got underway last autumn: Unity, Hampshire, Sterling and College of the Atlantic. All four are smaller universities with strong environmental programs. But organizers were&hellip;This article was originally published on <a href="https://news.mongabay.com/2013/05/ten-u-s-cities-pledge-to-kick-fossil-fuel-investments-to-the-curb/" data-wpel-link="internal">Mongabay</a>]]>
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					<slash:comments>0</slash:comments>
										<doi>https://doi.org/10.66709/news-29115</doi>				</item>
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