Antinuclear

Australian news, and some related international items

Uranium companies rejoice, as universities and groups get out of fossil fuel investments?

pray-radDivestors painting themselves into the uranium corner, JAMES KIRBY THE AUSTRALIAN OCTOBER 11, 2014
SUDDENLY the urge to “divest” is reaching fever pitch. Inside a couple of weeks there has been more noise than we have had in years as universities, religious groups and super funds announce they are “getting out of polluters”.

Indeed, the ANU’s plan to ­divest itself of seven resource companies, including oil and gas major Santos, has been branded a “disgrace” by federal Infrastructure Minister Jamie Briggs.

Like most trends, this started in the US where a number of leading funds have been loudly exiting resource stocks. The rush reached something of a climax in recent weeks when the heirs of Standard Oil founder John D Rockefeller said they were getting out of oil.

Now Australia will mark a ­national “Divestment Day of Action” targeted largely at banks that invest in resources on October 18, an initiative backed by 350.org………

Uranium prices have staggered up off the floor in recent months at the same time as the divestment movement has gained attention worldwide……..http://www.theaustralian.com.au/business/wealth/divestors-painting-themselves-into-the-uranium-corner/story-e6frgac6-1227086800152

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October 15, 2014 - Posted by | AUSTRALIA - NATIONAL, business, religion and ethics

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