"Guardian Media Group to divest its £800m fund from fossil fuels", 1 Apr 2015

GMG becomes largest fund yet known to pull out of coal, oil and gas companies in a move chair Neil Berkett calls a ‘hard-nosed business decision’ justified on ethical and financial grounds...Berkett said fossil fuel assets had performed relatively poorly in recent years and were threatened by future climate change action, while an ethical fund already held by GMG had been a “stellar” performer and renewable energy was growing strongly...Ellen Dorsey, executive director of the Wallace Global Fund and another key figure in the divestment movement, said: “I think at pivotal moments in history we have seen editors and media outlets stand up and take unprecedented action. One could think of the abolition of slavery and the civil rights movement in the US and I liken the Guardian’s campaign to that kind of courageous action. I hope it will bring other institutions along to follow suit and join you.”