Please divest from fossil fuels, i said, hoping to catch her off guard. In may, swarthmore college in the us, the birthplace of the fossil fuel divestment movement, made the shock decision not to divest from any fossil fuels, stating that it would focus its environmental efforts on changing consumption habits. But in europe, according to guardian research, before glasgows decision today. An introduction to fossil fuel divestment what is the current status and does it work. Catholic church to make record divestment from fossil fuels. Mckibben launched the divestment movement with a july 2012 article in rolling stone, global warmings terrifying new math, which. As glasgow becomes the first university in europe to divest from fossil fuels, we take a look at the key moments in the movements history. Purchase alexs book the moral case for fossil fuels on amazon. Ireland made history july 12 when it became the first country in the world to pass a bill committing the country to the divestment of all of its holdings in fossil fuel companies. Growing number of pension funds divest from fossil fuels. Dont just divest, reinvestfrom fossil fuels to a healthy. Ireland adopts 100percent fossil fuel divestment strategy. Find out more about eirs range of open access books here.
There have been a handful of successful divestment campaigns in recent history. The rise and rise of the fossil fuel divestment movement. Its now a rapidlygrowing global movement that has transformed the narrative around keeping fossil fuels in the ground. Salem state universitys divestment from fossil fuels. Last week norways government pension fund global gpfg announced that it would divest certain fossil fuel investments. You may not have heard of the fossil fuel divestment movement yet, but you will soon. Secretarygeneral ban kimoon about the movement to divest from fossil fuels. A beginners guide to fossil fuel divestment environment. Ireland moves to divest from fossil fuels the new york times.
Fossil fuel divestment, socially responsible investing, portfolio performance. Since mckibbens climate movement launched its fossil fuel divestment campaign in 2012, more than 220 institutions including universities, faith organisations, local authorities, pension funds and foundations have committed to divesting from fossil fuels. A short history of the fossil fuel divestment campaign its been less than 5 years since the idea of fossil fuel divestment first took hold. Dont just divest, reinvestfrom fossil fuels to a healthy economy reinvestment could also unite students organizing for other forms of divestment, like prison divestment and divestment. But that doesnt commit harvard to dropping its fossil fuel investments. The movement to divest from fossil fuels gains momentum. In march, the guardian launched keep it in the ground. Activists said arguments against fossil fuel divestment miss a larger point. The idea is not to starve companies of capital but to remove their social licence to operate and make it easier. A beginners guide to fossil fuel divestment environment the. The writer, a former college president, is the author of the forthcoming book the 2084 report. An introduction to fossil fuel divestment cleantechnica. A fossil fuel divestment pointcounterpoint the boston globe. The fossil fuel divestment movement within universities.
Universities divesting from fossil fuels have made history, but the fight isnt over today student campaigners are celebrating the 77th university to divest, but we wont stop fighting for. Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt. We believe that ending institutional investment in companies that extract fossil fuels and contribute directly to climate change. The president, at first seemingly happy to see me, rearranged her face.
Backs fossil fuel divestment, bill mckibben on vanuatu, oxford vote, california water crisis. It is the fastestgrowing divestment campaign in history and could cause significant damage to coal, gas and oil companies, according to a. The divestment movement to combat climate change is all grown. Re jeff jacobys recent opinion column the shallow symbolism of fossil fuel divestment. Fossil fuel divestment has zero climate impact, says. An introduction to fossil fuel divestment what is the. The global movement for fossil fuel divestment sometimes also called disinvestment is asking institutions to move their money out of oil, coal and gas companies for both moral and financial reasons. We believe that ending institutional investment in companies that extract fossil fuels and contribute directly to climate. City by city, town by town were building a movement to take back power from the fossil fuel industry, and build an energy system that works for all. Irish parliament passes historic fossil fuel divestment. The shameful fossil fuel divestment campaign don watkins and steffen henne. Does fiduciary duty prevent fossil fuel divestment.
Solutions to the climate crisis, penguin books, 2015, pages 224225 isbn 9780141981048. Fiduciaries should know fossil fuel investment returns data are. The financial case for fossil fuel divestment ieefa. Ireland on thursday moved to pull its public funds out of fossil fuels, a development that marks the most significant advance to date for a divestment campaign pushed by. The shameful fossil fuel divestment campaign don watkins. By 2015, fossil fuel divestment was reportedly the fastest growing divestment movement in history. Fossil fuel divestment is the groups latest effort. The movement has become the fastest growing divestment campaign in history and, in fact, one of. Divestment increasingly motivated by economic concerns. While the demands of the fossil fuel divestment movement vary, the most. Fossil fuel divestment movement has become the fastest growing in history. The global movement for fossil fuel divestment sometimes also called disinvestment is asking institutions to move their money out of oil, coal and. The fossil fuel divestment movement ffdm is inspired by a powerful history of.