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Clean energy investments have taken off and are leaving fossil fuels behind

Hydrogen Fuel News

In fact, some predictions expect investing will into low-CO2 power be nearly twice that in fossil fuel Worldwide spending on clean energy infrastructure and tech is currently aligned to reach $2 trillion by the close of this year, even as new projects face challenges due to higher financing costs. ”

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Harvard's decision to ditch fossil fuel investments reflects changing realities

GreenBiz

Students had demanded for years that the university divest from fossil fuels. What happens next?

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2020: Fossil fuels are dead, long live the sun

GreenBiz

2020: Fossil fuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossil fuels. COVID-19 constricted commuting, and demand for refined oil products fell fast.

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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossil fuel firms.

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WisdomTree Hit with $4 Million Penalty for Misleading Investors on Fossil Fuel Holdings

DeSmogBlog

The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting their money into fossil fuels and tobacco — but steer funds towards those companies anyway. WisdomTree did not respond to a request for comment from DeSmog. WisdomTree is hardly alone.

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New Report Issues Damning Verdict on Food’s Fossil Fuel Addiction

DeSmogBlog

Food systems are responsible for at least 15 percent of all global fossil fuel consumption, according to a major report launched ahead of the COP28 climate summit. Its authors found that even if governments delivered on their 2030 climate pledges, by 2037 food-related fossil fuel use alone would blow the remaining portion of the 1.5C

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Carbon 'rainbow': Unilever pledges $1.2B to scrub fossil fuels from cleaning products

GreenBiz

to scrub fossil fuels from cleaning products. billion over the next 10 years into initiatives that will allow it to replace chemicals in its cleaning products made from fossil fuel feedstocks with greener alternatives — an investment it described as critical to meeting its aim of achieving net-zero emissions from its products by 2039.