Both ENDS
Joint press release from Both ENDS and Fossielvrij NL - 26 March 2019
A group of 22 wealthy Dutch investors have decided to disinvest all their personal capital, worth a total of 200 million euros, from the top 200 oil, gas and coal companies. The investors have pledged to disinvest all their capital from the fossil industry within three to five years. By doing so, they are giving a clear signal that they do not want their capital to contribute to disastrous climate change.
More than six months after the Dutch elections took place, a long period of debates, negotiations and incertainty has finally come to an end. The new coalition of center-rightwing parties was sworn in last Thursday the 26th of October. Having Sigrid Kaag of the liberal-democratic party D66 as the new Minister for Foreign Trade and Development Cooperation in the third Rutte government (Rutte III), we can look forward to where the opportunities lie in the new coalition’s plans to make the world fairer and more sustainable. The Coalition Agreement, which tries to build a bridge between the political centre and the centre-right, is a smart piece of work in terms of reaching compromises. In the current international climate of societies progressively growing apart, that is a striking achievement.
The European Parliament in its plenary session on the 5th of April, adopted a proposal to regulate Export Credit Agencies (ECAs) that will force them to become more transparent on where their funds come from, and go to, as well as how they count social and environmental risks. Furthermore, the Parliament requires ECAs to comply with EU human rights objectives in their activities, and to phase out the subsidising of fossil fuel projects in line with commitments adopted by the G20 in 2009.
