Each year EFN hosts a two-day retreat for funders to discuss the most pressing issues concerning those involved in tackling the myriad of challenges facing the environment. ACF’s Emma Hutchins reports back.
The divest-invest campaign has helped foundations focus on the contribution of fossil fuel producers to climate change and on the need for mission-driven investing. But divest-invest is only the beginning of the story. To rapidly shrink greenhouse gas emissions, we must focus on utilities—the largest consumers of fossil fuels—as well as oil and gas companies. To the degree foundations hold shares in utilities, they have a voice and it is more important than ever that they use it.
The Clash Between Big Oil and the Paris Agreement: a lawyer’s take on what it means for charitable foundations
A serious conflict appears to be emerging between the international political consensus reflected in the Paris Agreement and the corporate policies of Big Oil. Charity investors need to start thinking about what to do if it becomes clear that investor engagement will not lead to a fundamental shift in corporate business strategies within an adequate timeframe.