Both ENDS
"Historical verdict", "unique decision", "landslide victory". Superlatives flew to our ears in the media yesterday, when it became clear that the judge ruled that Royal Dutch Shell must reduce its CO2 emissions by 45% by the year 2030. For the plaintiffs, including Both ENDS, the verdict is very hopeful, as it was for many co-plaintiffs and citizens interested in this court case.
During the formation of a new Dutch government after the general elections in March, a group of concerned citizens is holding a wake in front of the Prime Minister's residence to remind the political leaders of the climate crisis. On Friday May 28, they will pay attention to the international aspect, initiated by Cordaid, Oxfam Novib, Care, ActionAid, WECF, Hivos and Tearfund. Both ENDS is happy to support the initiative.
Pension funds have a lot of influence because of their enormous assets. Both ENDS therefore wants pension funds such as the Dutch ABP to withdraw their investments from the fossil industry and to invest sustainably instead.
The Hague, April 5, 2019 - Today Friends of the Earth Netherlands will deliver a court summons to Shell to legally compel the company to cease its destruction of the climate, on behalf of more than 30,000 people from 70 countries. A 236 page complaint will be delivered to Shell's International Headquarters in the Hague this afternoon by Friends of the Earth Netherlands, ActionAid NL, Both ENDS, Fossielvrij NL, Greenpeace NL,Young Friends of the Earth NL, Waddenvereniging and a large group of co-plaintiffs.
Today an alliance of more than 150 organisations, trade unions and social movements in countries across Europe is launching a joint programme against unfair trade and investment agreements, and especially against the controversial Investor-to-State-Dispute-Settlement (ISDS) mechanism. Under ISDS, investors can bring complaints against states whose social and environmental legislation pose a threat to their profits.
100+ NGOs launch #Together4Forests urging EU action
Fires raging in the Amazon are started deliberately to make way for large-scale industrial agriculture – and EU market demand for commodities produced on former-forest land is adding fuel to the fires. Globally, the EU is responsible for over 10% of forest destruction through its consumption of commodities like meat, dairy, soy for animal feed, palm oil, coffee and cacao.
Amsterdam, 23 September 2019 - The world's 5th largest pension fund, with assets of over €430 billion, Dutch ABP is continuing to invest in companies that are on a collision course with the Paris climate goals, such as coal and oil companies.
The value of ABP's pension fund investments in fossil fuel companies has fallen by 44% from end of last year to its lowest point on March 16 this year, while the value of the rest of the portfolio decreased by 26%. This impact can be seen in simulations based on the publicly available equity portfolios of Dutch pension funds ABP and Zorg en Welzijn (PFZW), carried out by research agency Profundo on behalf of Both ENDS. The simulations show that the risks of investing in the fossil fuel sector are increasing.
