Beyond divestment: climate-concerned philanthropists pledge to move billions to wind and solar
Groups have been divesting money from oil, coal, and gas for years. Now they’re hoping to get more climate-healing bang for their buck.
Groups have been divesting money from oil, coal, and gas for years. Now they’re hoping to get more climate-healing bang for their buck.
Divestment is one of the great campaigns of our times.But the question then arises, “then what?” If an organization decide it’s time to divest from fossil fuels, then what might they do next?
The stunning success of the fossil fuel divestment movement has caught many of us off-guard.
A total of $1.1 trillion USD earmarked for risky carbon-intensive oil sector investments need to be challenged by investors, according to a new report released today by the Carbon Tracker Initiative.
•Youths Sue U.S. Government Over Climate Inaction •Posing as U.S. Officials, Yes Men Announce Renewable Energy Revolution at Homeland Security Congress •FTSE joins Blackrock to help investors avoid fossil fuels •What’s at Stake in Harvard’s Fossil-Fuel Divestment Debate •’Divest It Like It’s Hot’
"People of conscience need to break their ties with corporations financing the injustice of climate change. We can, for instance, boycott events, sports teams and media programming sponsored by fossil-fuel energy companies."
•Climate change is here now and it could lead to global conflict •Kerry: Climate change as dangerous as WMDs •UK newspapers are talking more about climate change and flooding •From Occupy to Climate Justice: Merging Economic Justice and Climate Activism •Heatwave frequency ‘surpasses levels previously predicted for 2030’ •Arctic thaw significantly worsens global warming risk •Carbon divestment is a shining example
•Get your cash out of fossil fuel backed funds says UN climate chief •If You See Something, Say Something •Church of England says unlikely to quit fossil fuel investment •BP study predicts greenhouse emissions will rise by almost a third in 20 years •Unfortunately, The World Is Still Barreling Towards Climate Cataclysm
The fossil fuel divestment movement is growing so fast that it may, in the words of an Oxford University report, already be entering the second wave of divestment.
•Naomi Klein: Radical GHG emissions policies need radical social movements to back them •The billionaire boys’ club: How college students and Wall Street are thinking alike •Coal blow as major European bank cuts funding •Safe Limit for Global Warming Is Lowered Dramatically by Experts
At the Universtiy of Michigan we are readying our campaign to become more inclusive and strategic.
•Investors demand fossil fuel giants assess climate risks •Investors warn moves to curb climate change will hit fuel demand •Stranded assets and the fossil fuel divestment campaign: what does divestment mean for the valuation of fossil fuel assets?