Serco has been forced to abandon plans to bid for contracts at Britain’s Atomic Weapons Establishment after investors threatened to sell their shares in the company, reports Linda Pearson.
divestment
Firefighters save flying foxes
Temperatures above 40°C on February 10 and 11 were perilous for Canberra’s flying fox colony in Commonwealth Park.
Extreme heat can cause them to become distressed and sometimes die, as happened in Singleton, where temperatures over 45°C killed hundreds of grey-headed flying foxes.
Knowing the risk to the animals, volunteers from ACT wildlife, the National Capital Authority, Jerrabomberra Rural Fire Service Brigade and ACT Fire and Rescue combined to spray water on the animals.
After a two-year campaign by students and staff, the Queensland University of Technology (QUT) Vice Chancellor Peter Coaldrake has committed to divest the university’s $300 million endowment fund of its shares in coal, oil and gas companies.
The move, announced on September 2, means QUT has joined three other Australian universities — Australian National University, La Trobe University and the University of Sydney — in a global divestment movement to withdraw support from industries fueling climate change.
In a week of divestment actions, dubbed “Flood the Campus” starting on April 18, students across Australia took action demanding their universities divest from fossil fuels as a step towards tackling climate change.
Initiated by 350.org, the protest was supported by the Australian Youth Climate Coalition (AYCC), environmental collectives, Resistance clubs among others.
The second-largest company in Ireland, CRH, has divested from Israel after coming under sustained pressure from Palestine solidarity activists.
CRH held 25% of the shares in Mashav, owner of Israel's top cement manufacturer Nesher. In 2004, it admitted that “in all probability” Nesher cement was used in the construction of Israel's wall in the West Bank. Nesher cement has also been used in constructing Israeli settlements in the West Bank and in the light rail network serving Israeli settlements in East Jerusalem.
Newcastle is a major centre for coal exports. When Newcastle City Council flirts with any hint of fossil fuel divestment, expect controversy.
On August 25, the council approved a policy giving preference to “environmentally and socially responsible investments”. This was supported by Labor and Greens councillors, and opposed by Liberal and independent councillors.
National Australia Bank (NAB) has decided not to fund the Adani coalmine, rail and port facilities on the Great Barrier Reef coastline.
The Korean company LG has also announced it will not buy the company's coal.
Korean electronics giant LG signed a letter of intent with Adani last year to purchase 4 million tonnes of coal from the Carmichael mine. However Adani has now lost one of its two big external customers when the letter of intent expired and was not renewed.
Pressure from activists for super funds to divest from Transfield Services, the biggest contractor in the Australian immigration detention industry, is increasingly bearing fruit.
HESTA, the industry superannuation fund for health and community services workers — at $32 billion one of Australia’s largest super funds — sold its 3.5% stake, worth $23 million, in Transfield Services on August 18.
On August 25 NGS Super, the industry superannuation fund for private school teachers, announced it would sell its $5.5 million stake in Transfield “on moral grounds”.
The University of Queensland Resistance Club has joined with other student clubs to call on the university administration to divest money from fossil fuels.
The university has an undisclosed amount of money invested in projects whose emissions jeopardise the future of the young people that UQ is supposed to be educating.
Green Left columnist Carlos Sands rants, raves, and is literally moved to tears by the arguments of defenders of Israel in his second outing on Green Left TV. And as 19 Palestine solidarity activists face court in Melbourne, he has some choice words for Max Brenner and the Murdoch media.