A coalition of 17 foundations, representing almost $1.8 billion in investment, plans to divest from fossil fuel companies in its portfolios and invest more in clean energy, leaders of the effort said Jan. 30.
The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle.
The idea to the lift the ban has drawn both interest and resistance in Congress, but midterm election politics may sour the congressional appetite to change the law this year. In a recent interview with FuelFix, Felmy argued the industry’s case for dismantling the ban.
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