theguardian.com
Sami people persuade Norway pension fund to divest from Dakota Access
The Sami parliament, representing indigenous people also known as Lapps, has convinced Norway’s second largest pension fund to ditch the oil pipeline project

In an act of international solidarity between indigenous peoples, the Sami parliament in Norway has persuaded the country’s second largest pension fund to withdraw its money from companies linked to a controversial oil project backed by Donald Trump.

The project to build the 1,900km Dakota Access oil pipeline across six US states has prompted massive protests from Native American activists at the Standing Rock Sioux reservation.

This week, after lobbying by the Sami parliament, Norway’s local authority pension fund KLP announced it would sell of shares worth $58m in companies building the pipeline.

Vibeke Larsen, president of the Sami parliament, said the pension fund announced the move when she arrived at a meeting in Oslo to discuss Dakota Access.

“We feel a strong solidarity with other indigenous people in other parts of the world, so we are doing our part in Norway by putting pressure on the pension funds,” she told the Guardian.

The Sami – sometimes called Lapps in English – are an indigenous people living in the Arctic area of Sápmi in the far north of Norway, Sweden, Finland and Russia’s Kola peninsula.

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New York City plans to divest $5bn from fossil fuels and sue oil companies
Mayor Bill de Blasio: ‘It’s up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient’
By Oliver Milman

New York City is seeking to lead the assault on both climate change and the Trump administration with a plan to divest $5bn from fossil fuels and sue the world’s most powerful oil companies over their contribution to dangerous global warming.

City officials have set a goal of divesting New York’s $189bn pension funds from fossil fuel companies within five years in what they say would be “among the most significant divestment efforts in the world to date”. Currently, New York City’s five pension funds have about $5bn in fossil fuel investments. New York state has already announced it is exploring how to divest from fossil fuels.

“New York City is standing up for future generations by becoming the first major US city to divest our pension funds from fossil fuels,” said Bill de Blasio, New York’s mayor.

“At the same time, we’re bringing the fight against climate change straight to the fossil fuel companies that knew about its effects and intentionally misled the public to protect their profits. As climate change continues to worsen, it’s up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient.”

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theguardian.com
Private investor divests $34.8m from firms tied to Dakota Access pipeline
Storebrand, a sustainable investment manager in Norway, hopes pulling shares from three groups will ‘make some sort of impact’ amid Defund DAPL movement
By Julia Carrie Wong

Norway’s largest private investor is divesting from three companies tied to the Dakota Access pipeline, a small victory for the Standing Rock movement one week after the eviction of the main protest encampment.

Storebrand, a sustainable investment manager with $68bn in assets, sold off $34.8m worth of shares in Phillips 66, Marathon Petroleum Corporation, and Enbridge, the company announced Wednesday. The three companies are partial owners of the pipeline.

“We hope that our actions and the actions of other likeminded investors in either divesting or calling for an alternative [pipeline] route will make some sort of an impact,” said Matthew Smith, the head of Storebrand’s sustainability team.

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