June, 2014 Toggle

In the News: Wall Street’s Climate War Intensifies With New Weapons

We're primed to give investors a unique opportunity to invest in the broad market while avoiding the increasing risk of long-term investment in fossil fuels. Following up on his June 26 article, Wall Street: Your Climate War Has Arrived, National Journal Energy and Environment Correspondent Ben Geman highlights the launch of Fossil Free Indexes' FFIUS benchmark as a new tool that gives broad market investors the ability to fight global...

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In the News: New ‘Fossil Free’ Investment Index Boosts Divestment Movement

Blue and Green Tomorrow's Tom Revell covers the launch of Fossil Free Indexes' first benchmark index FFIUS - Fossil Free Indexes US. Read the article here.  

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Presenting the First US Broad Market Index ex Fossil Fuels

We are pleased to announce the launch of our first index, Fossil Free Indexes US (FFIUS). FFIUS is based on the S&P 500, screened to exclude The Carbon Underground 200, the world's largest public oil, gas, and coal companies ranked by the potential carbon emissions of their reported reserves. 350.org has adopted our list as the official list of the divestment movement. 0 What Else You Need to Know FFIUS is the first fossil free...

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Press Release: Fossil Free Indexes Launches First US Index

First US broad market fossil free index Supports a surging divestment movement Demonstrates that fossil free investing need not sacrifice returns Shields investors from risks associated with fossil fuel investments NEW YORK, June 26, 2014 - Fossil Free Indexes LLC (FFI), an environmental, social, and governance (ESG) index and research company, today released its first index covering the US equity markets, Fossil Free Indexes US...

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The Existential Issue Of Our Age

"Climate risk is the existential issue of our age," warned Robert Rubin, former US Treasury Secretary and member of the Risky Business Risk Committee introducing the newly-released Risky Business: The Economic Risks of Climate Change in the United States  (June 2014). He also concluded that the actions of American business and government "are no way commensurate with the risks we face." The report is the first comprehensive effort to calculate...

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The Galapagos Islands: Energy Challenges, Successes, and Contradictions

In considering some of the challenges being faced in implementing renewable energy solutions, I began thinking of how this could be addressed in my next blog.  A recent trip to the Galapagos Islands provided me with the answer. The Galapagos Islands, one of the most unique places on Earth and the basis for Darwin’s theory of natural selection, was severely threatened in 2001 when the oil tanker Jessica ran aground and spilled approximately...

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A Doubtful Nation

Results of a Pew Research survey on perceived risks identified climate change as the top global threat, with international financial instability a close second. The survey was conducted in 39 countries among 37,653 respondents during the spring of last year. Perhaps most noteworthy among the results was the relatively lower percentage of U.S. respondents that identified global climate change as a threat when compared to the respondents of most...

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The Stranding Begins, in the Netherlands

The Groningen field, a 350-square-mile natural gas field in northern Netherlands, has its output cut by 20% by the Dutch government. According to this New York Times article, the field, which accounts for one third of the natural gas produced in the EU, is causing earthquakes of increasing intensity as the gas is extracted. The field is operated by a joint venture between ExxonMobil and Royal Dutch Shell, the fourth- and eighth-ranked companies,...

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Gazprom and the Price of Gas in China

Chayandinskoye field (photo by Gazprom) On May 21, Gazprom and China National Petroleum Corporation announced a 30-year gas deal. The details were not made public, but a virtual parade of numbers were: two world leaders, 10 years of negotiations, 2,500 miles of pipeline, $400 million dollars, 38 billion cubic meters of gas and one third of the Carbon Underground gas reserves. OK, I added the last one, but I'm making it public now. Here's what...

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