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2018-01-17 23:35:00

CHEAP DISGRACEFUL WAY

CHEAP DISGRACEFUL WAY

API - API New York Executive Director Karen Moreau released the following statement on New York Mayor Bill de Blasio's announcement to divest the city's pensions from oil and natural gas.

"Today Mayor de Blasio turned his back on millions of first responders, police officers, firefighters and other public employees who depend on their pensions to provide for themselves and their families in retirement," said API New York Executive Director Karen Moreau. "Government pension managers have a responsibility by law to seek the greatest return for their investors and pensions that invest in oil and natural gas companies have historically delivered a higher return than other investments. Deliberately hurting pension holders, like the fine men and women who keep our city safe, is a disgraceful way to score cheap political points. Elected officials should never use taxpayer resources to hijack public pensions to advance a wrong-headed political ideology. Further, our industry has led the way in reducing U.S. carbon emissions to their lowest levels in nearly 25 years due to the increased use of clean and abundant natural gas to deliver reliable electricity."

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Earlier:

 FOSSIL FUELS DIVESTMENT $5 BLN
2018, January, 15, 10:00:00

FOSSIL FUELS DIVESTMENT $5 BLN

RBF - New York City Mayor Bill de Blasio and Comptroller Scott Stringer announced plans to divest the city’s five pension funds of approximately $5 billion in fossil fuel investments in an effort to safeguard the retirement plans of the city’s employees from the threat of underperforming assets. The total size of the retirement funds, $189 billion, makes New York City the largest American municipality to divest to date.

 THE NEXT ENERGY WAR
2016, April, 2, 17:52:00

THE NEXT ENERGY WAR

NEO - The Rockfellers are one of the most powerful families in the United States, and have been for a long time. Their history can be traced back to the 19th century and the rise of a corporation called Standard Oil. Today, their power can be found in the world’s largest oil corporation, Exxon-Mobile. Exxon-Mobile, a direct descendant of John D. Rockefeller’s Standard Oil, is the fifth-largest corporation in the entire world.

 

 MONEY LEAVE EXXON
2016, March, 29, 18:30:00

MONEY LEAVE EXXON

The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks.

 

 ROCKEFELLERS SELLS OIL ASSETS
2016, March, 24, 12:16:00

ROCKEFELLERS SELLS OIL ASSETS

THE GUARDIAN - The Rockefeller Family Fund, a charity set up in 1967 by descendants of John D Rockefeller, said on Wednesday that it would divest from all fossil fuel holdings “as quickly as possible”.

 

 ROCKEFELLERS REINVEST IN RENEWABLE
2014, September, 24, 12:34:00

ROCKEFELLERS REINVEST IN RENEWABLE

BBC - 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.

 
 
Tags: OIL, GAS, INVESTMENT

Chronicle:

CHEAP DISGRACEFUL WAY
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

CHEAP DISGRACEFUL WAY
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

CHEAP DISGRACEFUL WAY
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

CHEAP DISGRACEFUL WAY
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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