Monday, April 25, 2016
Rockefeller Divestment in Fossil Fuels Leads Landmark Climate Accord Approved at U.N.
The 21st Conference of Parties (COP21), under the United Nations Framework Convention on Climate Change, delivered a global agreement to limit future global warming to under 2° C above pre-industrial levels. The formal adoption of the agreement on Friday, April 22 by the international community signifies a noteworthy step in its efforts to mount a unified stance against global warming.
World leaders gathered at the United Nations on Friday for the two-day meeting and by Saturday night, the Paris Agreement, a landmark global treaty to limit climate change which was negotiated at the COP-21 Summit in Paris in November-December 2015 was approved.
Norway’s sovereign wealth fund has pulled out of scores of companies for being over-reliant on fossil fuel, and the Rockefeller Foundation has divested from fossil fuel entirely...