‘This will go down in history as the finance COP’

Board member of TheCityUK Catherine McGuinness explained the importance of finance at COP26 and explored the sector’s key role in the net zero transition going forward

Aviva Investors threatens to divest from companies over climate inaction

The Climate Engagement Escalation Programme will include companies from the oil and gas, metals and mining and utilities sectors

Fossil fuel divestment works on a domestic basis – but is it creating pollution havens abroad?

The University of Edinburgh Business School warns global oil and gas finance has still grown at over 8% per year since the divestment movement started in 2008

New York’s $226bn pension fund targets net zero goal by 2040

It will review its investments in energy sector companies within the next four years, with a view to divest from the ‘riskiest’ fossil fuel companies that contribute to climate change by 2025

Global investors plan to double proportion of renewable investments in next five years

This rise is expected to continue to 10.8% over a ten-year timeframe as global climate action continues to ramp up on the road to reaching net zero by 2050

The University of Cambridge to divest entirely from fossil fuels by 2030

The decision follows the university’s commitment to have net zero greenhouse gas emissions by 2038

Mayors of 12 major cities announce divestment from fossil fuel companies

New York City, London and Berlin are among the cities which have committed to divesting city assets and pension funds from fossil fuel companies

Rockefeller Brothers Fund records rise in financial returns after fossil fuel divestment

The philanthropic foundation says its returns have beaten market benchmarks after it shifted its portfolio to 99% fossil fuel-free investments in 2014

Royal College of Psychiatrists divests from fossil fuels

Going forward, it has committed to only invest in companies that follow ‘good environmental, social and governance policies and practices’

University of Bristol announces fossil fuel divestment

The university has also called on the Universities Superannuation Scheme to abandon its £1bn investments in fossil fuels