First Nations women have met with European banks to push for fossil
fuel divestment as the United Nations releases a model for banks to account for climate change.
Representing more than 121,000 active members and 50,000 retirees, DC 37 considers environmental justice a union issue, and today's forum approached fossil
fuel divestment as a strategy to achieve climate justice.
Not exact matches
«
As the hottest year in history comes to a close, the success of the global fossil
fuel divestment movement is undeniable,» said May Boeve, executive director of 350.org, the grassroots climate organisation that has played a leading role in the campaign.
Alongside such approaches
as faith - based investing or fossil -
fuel divestment, gender diversity investing has emerged
as another option for investors.
Investing for impact in public equities can include divesting from companies considered harmful to the environment,
as embodied by 350.org's fossil
fuel divestment campaign.
Since then,
divestment has become a grassroots movement to urge ordinary consumers to invest their retirement savings in ethical ways, and even to use them
as vehicles for political change, such
as with the
divestment movement targeting fossil
fuels.
This comes
as a report reveals the global fossil
fuel divestment movement has doubled in size in the last year.
The bill contains a «safety valve,» similar to successful
divestment bills passed in other states, that would permit the Comptroller to cease
divestment if he can convincingly demonstrate that the fund has lost significant value
as a direct result of fossil
fuel divestment.
Panels focused on current efforts to tackle climate change, ranging from local environmental initiatives to the global Paris climate agreement,
as well
as how
divestment from fossil
fuels can be a tool for climate justice and curbing the impacts of climate change.
Beth Newcomer The Legislative Analyst for NYC Council Member Helen Rosenthal (District 6, Upper West Side) encouraged attendees to reach out to their local Council Members and urge them to support the following legislative initiatives: • Possible legislation regarding
divestment of the city's pension funds from fossil
fuel companies • A bill to require the city to do a carbon footprint analysis of all the products the city procures, and to use that analysis to inform a policy of low - carbon operations • A number of bills to reduce the carbon emissions of city - owned vehicles and improve the sustainability of city buildings • A bill to enhance the city's already - strong idling laws so
as to make them easier to enforce Find your Council Member here.
We do not expect
divestment to have a financial impact on fossil
fuel companies,
as President Faust implied.
As the fossil
fuel divestment movement grows increasingly mainstream — even BlackRock recently partnered with the Natural Resources Defense Council to launch an «equity global index series that will exclude companies linked to exploration, ownership or extraction of carbon - based fossil
fuel reserves» — the smart long - term investment money would seem to be on
divestment.
Fossil Free Southwark's first members met one another in February 2015 underneath the letter «N» whilst spelling out the words «Divest London» in front of Tower Bridge
as part of a Global
Divestment Day event calling on City Hall to take its money out of fossil
fuels.
As Matthew Yglesias articulated last year in a thoughtful piece on Slate,
divestment by socially responsible investors, universities and even governments won't starve capital flows to fossil
fuel corporations anytime soon.
If you share a fundamental moral outrage over this absurdity, join us this summer and beyond
as we use organizing, NVDA,
divestment campaigns, and transformative pilot projects to stop new fossil
fuel projects, shut down old ones, and build our future at the human scale, with human values, instead.
In this regard, they invoke previous
divestment campaigns, such
as those targeting apartheid South Africa and the tobacco industry, and argue that divesting from fossil
fuel companies is a moral act.
I expect those who advocate
divestment themselves continue to use fossil
fuels as their main sources of energy in their day - to - day lives — automobiles, trains, planes, electricity, petrochemicals, thermoplastics, modern pharmaceuticals... and the list goes on.
Toronto350.org's response: In his courteous response to our fossil
fuel divestment campaign, Li Pan argues that the evidence for social harm from fossil
fuels isn't
as strong
as the case that tobacco harms human health.
In this case, MIT's approach to the fossil
fuel divestment question offers several valuable lessons for other research universities
as they weigh similar choices.
As part of the campaign, Ben & Jerry's has also said that many of its best - selling flavours are «endangered» as a result of climate change, and that fossil fuel divestment will help to sustain the production of its ice creams in the long ter
As part of the campaign, Ben & Jerry's has also said that many of its best - selling flavours are «endangered»
as a result of climate change, and that fossil fuel divestment will help to sustain the production of its ice creams in the long ter
as a result of climate change, and that fossil
fuel divestment will help to sustain the production of its ice creams in the long term.
As conservatives, we must hope that Bill McKibben's master plan for obliterating the U.S. fossil
fuel industry via protests,
divestment, and phony lawsuits falls flat.
Religious leaders called on faith communities to take concrete action against the fossil
fuel industry through
divestment,
as a way to «put the money where our mouth is.»
It's been really exciting to follow the fossil
fuel divestment campaign at Harvard
as it gains steam — and national...
Environmental activists such
as Greenpeace and 350.org founder Bill McKibben have long advocated for the
divestment of fossil
fuels as a way to mitigate climate change and reduce greenhouse gas emissions.
Banks and financial institutions, in particular, have become targets in these
divestment campaigns because they are a substantial source of funding for fossil
fuel projects such
as the Dakota Access Pipeline.
A passion for empowering people to effectively campaign on climate change issues such
as fossil
fuel divestment
(05/07/2014) The fossil
fuel divestment campaign won a major victory today
as Stanford University announced it would drop coal companies from its massive $ 18.7 billion endowment, the fourth largest of any American university.
Last September, the Rockefeller Brothers Fund announced its pledge to divest its fossil
fuel holdings
as part of a larger
divestment movement that aims to deprive the industry of up to $ 50 billion (U.S.).
The fossil
fuel divestment movement recognizes that
as well, and argues that by taking money away from polluting industries and redirecting it toward renewables, then businesses, universities and non-profits can help jump - start the energy revolution.
As was reported by Karl Mathiesen in The Guardian, 2014/07/30, «dozens of cities, institutions and investors are taking their money out of fossil
fuel companies after the launch of the
divestment campaign in the US around 18 months ago.»
McKibben has used his platform
as a journalist to activate a global grassroots movement, 350.org, a group he founded in 2008 that has become famous for its own fossil
fuel divestment campaign.
McKibben is considered the father of the «
divestment» movement — defined
as applying pressure on universities and corporations to end all investments in fossil
fuel companies or other industries that contribute significant amounts of CO2 into the atmosphere.
Top Catholic institutions worth billions divest from fossil
fuels as part of the continuing momentum for the global
divestment movement
By the sounds of things, they have some significant support
as Steve Grossman, MA state treasurer and chair of the PRIM board, recently announced his support for fossil
fuel divestment.
The article is published
as part of the newspaper's Keep it in the Ground campaign against fossil
fuel companies, encouraging big capital investors to move their interests out of brown energy — «
divestment».
3) The
divestment movement has always been
as much about symbolism
as it has finances — by tarnishing the image of fossil
fuels, we undermine their moral license to operate.
But with mainstream banks questioning the competitiveness of fossil
fuels, and with the Governor of the Bank of England describing most fossil
fuels as unburnable,
divestment (or at least diversification into clean energy investment) is looking less - and-less like gesture politics, and more like a sound plan to protect ourselves from future shocks.
As The Guardian notes, research suggests fossil
fuel divestment has grown more rapidly than both the tobacco and apartheid
divestment movements that are — to some degree — providing a model for campaigners.
That would also include institutional initiatives such
as carbon taxes or permitting plans, policies of
divestment from fossil
fuel investments, direct political pressure, and the ending of fossil
fuel subsidies around the world.
The motion was brought by members of the BMA's Retired Members Forum
as well
as several local committees and follows an editorial published in the British Medical Journal in March that called for
divestment from fossil
fuels because of the «scale and immediacy of the threat to human survival, health and wellbeing» posed by unmitigated climate change.