Divestment best foe of fossil fuel


The Global Divestment Mobilization of 2017 involved movements in 39 countries, building on divestments in 710 institutions representing $5.5 trillion in assets in 76 countries.[i] They believe that divesting is the most powerful way to undermine the fossil fuel industry, due to the lack of global leadership. Students at South Africa’s Stellenbosch University campaigned to be the first African university to divest fossil fuel stock from its endowment. Europe’s Green Party’s #DivestEurope campaign featured a monthly spotlight on major polluters because “climate change is currently an item low on the European and international agenda—which is short-sighted and disastrous. The future is fossil free, or there is no future.”

[i] Lauren McCauley, “In Face of Government Apathy, Activists Launch Wave of Global Divestment Actions,” Common Dreams, May 5, 2017.

https://www.commondreams.org/news/2017/05/05/face-government-apathy-activists-launch-wave-global-divestment-actions

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