Tag Archives | Clean Energy

Rockefellers Selling Fossil Fuel Investments, Buying ‘Clean’ Energy Assets

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John D. Rockefeller

If the archetypal American oligarchs, the Rockefellers, are divesting themselves of fossil fuel assets and replacing them with so-called clean energy assets, have we moved past a tipping point or is it just propaganda? From BBC News:

Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50 bn (£31 bn) in fossil fuel assets.

The announcement will be made on Monday, a day before the UN climate change summit opens on Tuesday.

Some 650 individuals and 180 institutions have joined the coalition.

It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports.

Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014.

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China Leads The World In Clean Energy

Solar collectors on apartment rooftops in Xian Chian. Photo: Richard Chambers (CC)

Photo: Richard Chambers (CC)

One of the most polluted countries has become number one in clean energy. The US ranks number three. The Guardian reports:

China has overtaken the US for the first time in a league table of investments in low-carbon energy among the G-20, according to a new report by not for profit group the Pew Charitable Trusts published this week.

The report found that despite an overall 6.6 per cent global decline in clean energy investments last year, China invested almost twice as much as the United States in clean energy during 2009.

But the US still leads in energy capacity. It’s interesting for the UK too:

• third in overall clean energy investments
• fourth in five-year clean energy investment growth rate
• fifth in the percentage of total power it receives from clean energy sources ahead of France, China and the US

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