LONDON, May 7 (Reuters) - Norwegian pension fund manager KLP has sold 3.2 billion crowns ($366 million) of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American, after a decision to withdraw from thermal coal.
Fund managers have become increasingly reluctant to risk investing in companies linked to fossil fuels or other activities regarded as unsustainable as popular pressure mounts for action to limit environmental damage.
Posted on - 2019-05-09While a United Nations group that coordinates sustainability for the shipping industry prepares to meet yet again, Catholic institutions connected to the world’s oceans are divesting from fossil fuels.
These include institutions in Panama, the world’s largest shipping registry, the Philippines, home to the largest group of seafarers, Greece, the world’s largest shipowning nation, and port cities across Europe.
Posted on - 2019-05-08Fiji is aiming to reduce the use of fossil fuels in domestic shipping services by 2030 through a Blue Shipping Initiative.
This was highlighted by the Attorney General, Aiyaz Sayed-Khaiyum while speaking at the opening of the Climate and Ocean Negotiators’ Symposium at GPH today.
Sayed-Khaiyum revealed that Fiji is in the process of putting forward a Blue Shipping Initiative with the Republic of the Marshall Islands, and 5‑6 other Pacific island countries.
Posted on - 2019-05-08