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UC becomes nation’s largest university to divest fully from fossil fuels
The University of California announced…that it has fully divested from all fossil fuels, the nation’s largest educational institution to do so as campaigns to fight climate change through investment strategies proliferate at campuses across the country.
The UC milestone capped a five-year effort to move the public research university system’s $126-billion portfolio into more environmentally sustainable investments, such as wind and solar energy. UC officials say their strategy is grounded in concerns about the planet’s future and in what makes financial sense.
“As long-term investors, we believe the university and its stakeholders are much better served by investing in promising opportunities in the alternative energy field rather than gambling on oil and gas,” Richard Sherman, chair of the UC Board of Regents’ investments committee, said in a statement…
New York’s $226 billion pension fund is dropping fossil fuel stocks
“New York State’s pension fund, one of the world’s largest and most influential investors, will drop many of its fossil fuel stocks in the next five years and sell its shares in other companies that contribute to global warming by 2040, the state comptroller said on Wednesday.
With $226 billion in assets, New York’s fund wields clout with other retirement funds and its decision to divest from fossil fuels could accelerate a broader shift in global markets away from oil and gas companies, energy experts and climate activists said…”
Fighting climate change: Cheaper than ‘business as usual’ and better for the economy
The often-repeated and seldom-challenged view that climate change solutions are expensive and uneconomical has long dampened public support in the U.S. for even common-sense measures.
Seldom do proponents of those views enumerate the costs or mention the alternative costs of continuing to extract and burn fossil fuels to meet society’s energy needs. But in this era of costly hurricanes, wildfires, and floods, melting polar ice and rising sea levels, it should be obvious that the price of the status quo is already high and increasing. Failing to curb global warming has started bringing more frequent climate catastrophes with crushing economic and humanitarian costs. And prices of green technology solutions are falling rapidly; many are already cheaper than fossil fuel alternatives and will more than pay for themselves over time…
New revenue option for ag producers to yield attractive returns
Oregon ranchers Dan and Suzy Probert grow cattle and healthy soil. And with the help of Farm Bill programs, they’re protecting the Lightning Creek Ranch from development as well as finding new revenue options like carbon trading markets…
Preserving trees becomes big business, driven by emissions rules
Finite Carbon is North America’s leading developer and supplier of forest carbon offsets.
Carbon markets program puts more nonprofits on path to increase land conservation
The Land Trust Alliance is partnering with carbon offset project developers Finite Carbon and The Climate Trust. Finite Carbon is working with the Alliance to help land trusts that own forest lands participate in the voluntary carbon market. The Climate Trust will provide cash to help land trusts purchase no-till grassland conservation agreements from farmers and ranchers. This will make the lands eligible for the carbon market.
Not only does this mean additional land preservation, but it will help combat the effects of climate change…
Cornell University divesting from fossil fuels to focus on alternative energy, renewables
The investments for this category are expected to decrease to zero over the next five to seven years as the investments mature, according to Bob Howarth, a Cornell professor of ecology and environmental biology who helped lead the divestment efforts and now heads the University Assembly.
Instead of investing in fossil fuels, the university will grow its $6.9 billion endowment portfolio by investing in alternative energy and renewables…
Sustainability and climate change initiatives
In their most recent climate initiative, the Kennebec Land Trust Finance Committee worked with Kennebec Savings Bank Investment and Trust Services to move their investments into a Socially Responsible Investment (SRI) portfolio that is aligned with their mission. SRI considers environmental, social, and corporate governance criteria to generate long-term competitive financial returns and positive societal impact.
As managers of forestland, they use and promote forest management practices that maximize carbon sequestration, including: protecting soil carbon, where about 50% of the carbon inventory is typically stored on a forested acre; promoting native species and increasing plant diversity to improve forest resiliency and carbon storage; harvesting sustainably; and taking a long-term view by growing high-value and larger diameter trees. On the ground, their forestry days at the Curtis Homestead are teaching the next generations…
About the Solar Energy Technologies Office
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) supports early-stage research and development in three technology areas: photovoltaics (PV), concentrating solar power (CSP), and systems integration with the goal of improving the affordability, performance, and value of solar technologies on the grid…
Coastal access, climate change key as Maine Coast Heritage Trust turns 50
Land conservation efforts by the organization have increasingly taken community strength and health into account, as much as the environment, and conservation’s overall impact on the state’s economic foundation. As the climate changes, that focus is more important than ever, he [Tim Glidden, president of Maine Coast Heritage Trust] said…