Ivy League University Votes To Dump Oil and Gas Investments

On Dec. 11, the Cornell University Faculty Senate adopted by a 43-13 vote a resolution calling for the school to divest by 2035 all its investments in the top 200 holding companies ranked by fossil fuel reserves. A similar resolution adopted by the Cornell Student Assembly in the spring had called for divestiture by 2020.

“These reserves already comprise three to five times more than the total amount of fossil fuels that can be burned before exceeding the 2°C rise in mean global temperature that scientists and governments have agreed is the threshold for dangerous climate change,” eight pro-divestment Cornell faculty members wrote in a letter to the student newspaper Dec. 4. “Nonetheless, these companies are financially committed to burning these reserves and continuing to explore for even more.” Continue reading Ivy League University Votes To Dump Oil and Gas Investments

Big Coal Targets Northwest to Get to Asian Markets – Environmentalists Fight Back

Cherry Point Reach, Washington State

In Cherry Point, Washington, north of Bellingham, conservationists have worked for more than a decade to restore the annual herring runs that occur off the coast. Over the past 40 years, stocks have declined on this 10-mile stretch of coastline from about 17,000 tons of herring spawning off the coast to less than 1,000 tons.

Biologists who have studied the problem blame three refineries, which combined see about 600 to 700 ship visits per year. Now one of the world’s largest shipping companies, SSA Marine, wants to build a new terminal here with the potential to ship up to 50 million tons of North American coal annually to China. The so-called Gateway Pacific Terminal would double ship traffic with much larger vessels and increase rail traffic in the region. Continue reading Big Coal Targets Northwest to Get to Asian Markets – Environmentalists Fight Back