Update on REI, Divest Campaign – 5-23-18

The on-line petition demanding REI to divest from banks that finance fossil fuels has reached 26,900 signatures, up by 10,000! Cascadia Action Network’s Asha Davis Rao recently tweaked and reissued the petition and is the face of the campaign. A large group of activists from Cascadia Action Network presented the petition to the REI Board of Directors at the annual meeting in May in Seattle. Divestment questions from the campaign made up roughly half of the questions in the Q&A portion of that meeting. The CEO referred answers to REI’s counsel, who announced publicly that members of REI management had met with leaders of the divestment campaign to explore solutions and was continuing to look at options. No commitment or timelines, but some movement! Thanks to all who have petitioned, written, and come out to put on the pressure. – The REI, Divest! Team

 

If you haven’t signed the petition yet, go here: national online petition here and read then Asha’s blog here: https://www.change.org/p/rei-divest-from-banks-that-fund-the-fossil-fuel-industry.

 

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