We believe that educational and religious institutions, city and state governments, and other institutions that serve the public good should divest from fossil fuels. We shouldn’t be investing in companies that are spending millions of dollars lobbying against clean energy solutions and millions more funding climate denial and anti-science think tanks.
We want institutions to immediately freeze any new investment in fossil fuel companies, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
Colleges and universities, cities and counties, churches and other public institutions can divest from fossil fuels. Report after report has shown that investing in clean energy, efficiency and other sustainable technologies can be even more profitable than fossil fuels. It’s a growing market, with over $260bn invested globally in 2012, and a safe place for your institution to invest.
As grassroots divestment campaigns take hold of institutions across the country, many individuals are taking matters into their own hands and choosing to divest their personal finances from fossil fuels. And that’s great!
Fossil fuel companies are currently overvalued, and as the international community moves toward regulating carbon emissions, divestment may be a good long-term investment strategy as well as the right thing to do. 350.org has put together these resources to help you determine whether personal divestment from fossil fuels is right for you: gofossilfree.org/mymoney
As an individual, we also need your help asking the institutions you are a part of to consider divesting. If you are part of an institution and would like to get involved, contact us.