In the 1980s, it was apartheid. Now, divestment is being used to target fossil fuelsIn April, a group of Harvard University students called on the school to divest its $36 billion endowment of fossil fuel companies. They are part of a growing movement that is putting pressure on coal, oil, and natural gas companies.The Guardian launched a "Keep it in the Ground" campaign in mid-March to get The Bill & Melinda Gates Foundation and the Welcome Fund (a medical charity) to divest its $43.5 billion endowment from fossil fuel assets.
Oil supermajor BP says global carbon emissions will continue to rise well above what most scientists regard as safe levels in the years to come. While there's no silver-bullet solution to the threat of climate change, the company endorses one specific policy as a way to guide efforts.
Oil prices bounce up and down in search of a floor; LNG sees investments slow; 'Clean coal' suffers a setback. Catch up on global energy with Recharge.
The latest oil market report from the Organization of the Petroleum Exporting Countries paints a not-so-rosy picture for US drillers under pressure from lower oil prices. But even OPEC admits that US oil production has remained surprisingly stable despite collapsed oil prices and cutbacks in US energy.
The recent fall in oil prices may be dramatic, but don't count on oil staying cheap forever, says Adam Sieminski, head of the US Energy Information Administration. Predicting exactly where prices will go from here is not unlike trying to predict the weather, Mr. Sieminski said at a Monitor event.
Saudi Arabia's new king pledges no change in oil policy; Republicans and Democrats vote on climate change; Germany's Energiewende has a big year. Catch up on global energy with Recharge.
The passing of Saudi Arabia's King Abdullah caused a brief spike in oil prices, but his successor, Crown Prince Salman, has pledged continuity in energy policy. Broader security issues could roil oil markets down the road.