Divestment, page-2

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Lodiac

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25/05/15

14:16

Post #: 15345639
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Originally posted by Megafauna ↑

"France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor.

SA Chief Executive Officer Henri de Castries said he's working to sell 500 million euros ($702 million) of coal assets and triple "green investments" to 3 billion euros by 2020."

http://www.smh.com.au/environment/c...xa-axes-coal-investments-20150524-gh8pg6.html

Other insurers will surely follow.

So too will utilities.

"Engie, formerly known as GDF Suez SA, and Electricite de France SA, two French utilities, faced questions about its their coal investments this year at annual shareholders' meetings in Paris. French Finance Minister Michel Sapin said Friday they would be encouraged by the government, which has a substantial holding in each, to "reorientate" their investments away from new or existing "dirty" coal plants."

Electricite de France, that would be EDF who have the Northern Hemisphere rights to Ceto technology.

http://www.edf-energies-nouvelles.com/en/press-release/other-channels/marine-energyfocus-on-waves/

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Well, any divestment away from coal and toward renewables is always good. I think there has been movement in top investment circles away from coal for at least 2-3 years. (Rotschild and Rockerfeller)

http://www.theguardian.com/environm...ller-heirs-divest-fossil-fuels-climate-change

If EDF is in any way serious about wave energy (which I continue to doubt) then some support for CWE is more than due. Even if it's just moral support at this stage.

CWE Price at posting: 5.4¢ Sentiment: None Disclosure: Not Held
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Divestment, page-2

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