What is fossil fuel divestment?
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Divestment is the removal of money or financial resources from wherever they were invested, and it is often followed by investment in something else. Divestment from fossil fuels removes funding for a corrupt and dying industry, which signals not only that fossil fuels are a risky financial investment, but also that it is immoral to support an industry that is actively fueling the climate crisis and the destruction of nature.
Every year, the fossil fuel industry receives 5.2 trillion dollars ($5,200,000,000,000) worth of investments in the form of direct and indirect subsidies, which is 36 times what the renewable energy industry receives, according to the International Monetary Fund. Divestment from fossil fuels and the subsequent reinvestment in clean, renewable energy technologies would be a total game changer and would likely lead to rapid and expansive changes to the energy landscape. |
Learn more and help move the money!
Click the link below to see a list of the organizations, institutions, and pension funds that have committed to divesting from fossil fuels.
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350.org provides resources for divestment campaigns. They offer a free training to give you the tools you need to learn more and start or join a campaign.
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Are you a student? Start or join a campaign to get your school or university to divest from fossil fuels with Divest Ed and UnKoch My Campus.
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Stop the Money Pipeline is hosting campaigns targeting the biggest players in fossil fuel funding, including JPMorgan Chase, Liberty Mutual, and BlackRock. Learn more and sign up to participate on their website here.
Learn how to personally divest from fossil fuels by switching to an ethical bank in this article by Extinction Rebellion.
Download this free resource from Green Century Funds to learn how to make sustainable investments.
