How divesting of fossil fuels could help save the planet

Recently, a number of institutional investors, including Caisse de dépôt et placement du Québec in Canada and Norway's sovereign wealth fund, announced their intent to reduce their exposure in investments linked to fossil ...

Tesla shares fall on reports of SEC subpoena

Shares of Tesla tumbled Wednesday following reports US securities regulators have subpoenaed the electric car maker's Chief Executive Elon Musk over his statements about taking the company private.

AkzoNobel to sell chemicals arm for 10.1 bn euros

Leading global paintmaker AkzoNobel announced Tuesday it was selling its chemicals arm to US-based investors Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), seeking to restore investor confidence ...

Questions loom over Tesla deal after CEO reveals Saudi link

Tesla CEO Elon Musk's elaboration on his plan to engineer a buyout of the electric car maker could get the Silicon Valley maverick into legal trouble by revealing that the deal is far more uncertain than how he initially ...

Australia's coal city backs green future

Australia's city of Newcastle, which claims to be the world's biggest coal export port, said Wednesday it will pull money out of fossil fuel industries and invest in more sustainable enterprises.

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