New York Becomes The First State To Divest From Oil And Gas
The Empire State’s pension fund is the largest to dump fossil fuel investments ― ever, in the entire world.
New York state announced plans on Wednesday to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first U.S. state and the biggest pension fund anywhere to divest from fossil fuels.
By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040.
Malabu Oil Deal: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet
(Bloomberg) — Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets.
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal.
Bert van Dijk
There’s a ton of awesome food and beverage promotions happening across the country for our local superheroes (AKA frontline medical staff).
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Shell must grapple with its own existential crisis: How should a company that generates most of its profits by serving the world’s enormous appetite for oil navigate a long-term future in which shifting political and economic tides threaten to make fossil fuels obsolete?
LNG Canada, which is also under construction, is said to be the largest private sector investment in Canadian history, with a price tag of around $40 billion and is being developed by a Royal Dutch Shell-led consortium. 
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