“The argument for divesting from fossil fuels is becoming overwhelming”

Jay OwenGreen Prosperity, SRI/ESG News

Ethical Markets publishes this news as a step in the right direction , which we point to  regularly in our Green Transition Scoreboard®   ( see below)  which helps asset managers to  shift these fossilized assets directly into  growing green sectors of the global economy ,  Hazel Henderson, Editor

 

Divest-Invest Individual

“I’d put my money on the sun and solar energy…
I hope we don’t have to wait until oil and coal run out before we tackle that.”

~ Thomas Edison

Are you keeping up with the fast pace of fossil fuel divestment progress? Below is your monthly news and tools roundup, along with some inspiring thoughts from your fellow signatories.

Share-worthy News

“The argument for divesting from fossil fuels is becoming overwhelming”
Divestment movement success compels The Guardian’s editor-in-chief to launch an aligned campaign targeting two of the world’s largest endowed foundations.

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“Climate change: UN backs fossil fuel divestment campaign”
The global convener of world leaders, from whom we need bold climate policies and action, offers a timely endorsement of our strategy.

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“More than 10,000 people call on Dutch pension fund to divest from fossil fuels”
You stand in agreement with the ABP Fossil Free campaign’s coordinator: “We’re all mere grains of sand, but together we can call a halt to climate change and introduce alternatives.”

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Events and Tools to Note

 

Divest-Invest Individual Voices

 

Generations at Risk


“I have four grown children, and a number of grand nieces and nephews. If they were in immediate physical danger, I would do anything to protect them. I cannot imagine standing by, when I know the dangers they will face if we continue to drag our heels on addressing carbon emissions and their consequent impact on the climate. We must stop pretending that this will somehow just ‘go away.’ This is not someone else’s problem.”

~ Pledge signatory Ray Gormley in Canada

 

From Deep Roots to Big Picture


“I want to stop funding climate change! I cannot, in good conscience, be a strong advocate for addressing climate change while continuing to profit from fossil fuel companies. Divestment is about questioning the economic roots of the climate crisis. We cannot continue to invest in financial and business models that undermine climate stability when there are viable alternatives.”

~ Pledge signatory Laura Hamilton in Canada

“By accident of birth, I am one of the human beings in the Global North, living in a society with huge wealth and infrastructure created through extraction … the nations (and rich corporations) of the Global North must pay our climate debt and our debt from colonial extraction in general. For me, taking the personal wealth I have accumulated out of any investments in the fossil fuel industry is but a first step in setting things right. Together, North and South, we must all figure out how to bend this wealth to the purposes of international cooperation and solidarity.”

~ Pledge signatory Mira Brown in Massachusetts