The Fossil Free Index tracks the stock market’s performance, minus the oil, gas, and coal industries. Given the link between burning fossil fuels and global climate change, financial professionals are increasingly searching for investment opportunities that exclude oil, gas, and coal companies. Fossil-Free Indexes LLC (FFI), an environmental, social, and governance index and research company released its first broad American market fossil-free index last week. The announcement of the new index is a timely contribution to the growing fossil fuel company divestment movement across the country. Market indices represent the value of an entire stock market at a single moment, and may be used to track changes over time. The Fossil-Free Index is based on the Standard & Poor’s 500 index, omitting any fossil fuel companies identified by FFI’s “The Carbon Underground 200,” a proprietary list cataloguing some of the most carbon-intensive investment options. The release of the index, coming in the same week as the Rhodium Group’s “Risky Business” report on the broad economic effects of climate change, strengthens the message that a warming globe is most certainly not good for businesses. As rising temperatures and more intense weather events become commonplace, so do the risks of damage to critical infrastructure and natural resources. By seeking out opportunities for economic growth while minimizing the negative effects of greenhouse gas emissions (by decentivizing them altogether), investors can help shift focus away from climate- damaging fossil fuels, and towards efficient, clean, […]
Amazon’s Web Services hold the company back, despite attempts to promote the innovations of others. Amazon Web Services (AWS) announced its second City on a Cloud Innovation Challenge today, but key changes must be made within the company before it can truly lead the innovation charge. The City on a Cloud program, designed to recognize local and regional governments for […]
The House Appropriations Committee has recommended that action be taken on H.R. 5538, a bill that would prohibit federal agencies from regulating methane emissions in the oil and gas sector.
The House and Senate have now both passed the reconciled toxic chemical control legislation – the House bill on May 24, 2016 by a vote of 403 to 12 and the Senate bill on June 7, 2016 by voice vote. The legislation will next move to the President’s desk for signing. Advocates for human and environmental health, environmental justice, worker safety, sustainable business, cancer […]
Today, the EPA published its final rule regarding methane leaks from new, modified, and reconstructed oil and gas sources. This is an important step forward for the US, especially in light of our climate commitments from the Paris Agreement. Thanks to the thousands of Green America individual and business members that took action to support the rule. The rule is a […]
The following guest blog post is from Sandra McCardell, President, Current-C Energy Systems, Inc. Albuquerque NM. The Clean Energy Victory Bond campaign is a project of Green America. When I was born (in the 1950’s), my grandmother gave me the gift of a United States Savings Bond –what would have been called a “Victory Bond” or a “Liberty Bond” if […]
Businesses nationwide are speaking up in favor of climate regulation. The US Chamber of Commerce often gives the impression that businesses oppose environmental regulation. But across the country, thousands upon thousands of businesses are speaking out and saying that well-crafted regulations of carbon emissions are good for businesses. There is increasing evidence that fracking for natural gas is harming local communities […]
The Paris Accord: A Major Step Forward for International Cooperation on Climate. Not Enough, On Its Own, to Address Climate Crisis
The Paris Accord: A Major Step Forward for International Cooperation on Climate. Not Enough, On Its Own, to Address Climate Crisis. Yet, in many ways the deal does not go far enough. The key goals of limiting temperature change are aspirational and not legally binding.
The shift away from fossil fuels and towards renewable energy continues. Last week Citigroup, the parent company of Citibank, committed to cut financing for coal mining. In the same week, one of Australia’s biggest banks – ANZ – pledged not to finance traditional coal mining projects and to provide at least $10bn in funding for renewable energy, reforestation and energy […]
By Kegan Gerard Since we launched our Amazon: Build A Cleaner Cloud campaign on June 9th, the company has made some progress on the renewable energy front—announcing plans for an 80 MW solar farm in Virginia. This development proves that consumer pressure on Amazon works! And while Amazon’s cloud-computing arm, Amazon Web Services (AWS), still has a long way to […]