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Posts on ‘December 11th, 2020’

New York Becomes The First State To Divest From Oil And Gas

New York Becomes The First State To Divest From Oil And Gas

09/12/2020 13:10 GMT | Updated 09/12/2020 14:54 GMT

The Empire State’s pension fund is the largest to dump fossil fuel investments ― ever, in the entire world.

New York state announced plans on Wednesday to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first U.S. state and the biggest pension fund anywhere to divest from fossil fuels.

By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040. read more

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Shell Nigeria Employees Vandalize Oil Pipelines

Shell Nigeria Employees Vandalize Oil Pipelines

By Charles Kennedy – Dec 10, 2020, 9:30 AM CST

Employees of Shell’s Nigeria subsidiary SPDC ordered the deliberate vandalization of oil pipelines to profit from them, according to a Dutch TV documentary, done in partnership with environmentalist organization Milieudefensie.

Aljazeera reports that the program, to be aired today, cites witnesses who said pipeline leaks were caused by SPDC employees.

“According to sources, Shell employees profit from these intentional oil leaks by pocketing money from clean up budgets,” the program, Zembla, said. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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