The number of institutions, individuals, and various funds divesting from the fossil fuel industry and invest in renewable energy and climate solutions has exploded, growing 50-fold in just one year and representing $2.6 trillion in assets, according to a new analysis released by Arabella Advisors. To date, 436 institutions and 2,040 individuals across 43 countries representing $2.6 trillion in assets have committed to divest from fossil fuel companies.
"This movement has struck a chord with people across the world who care about climate change, and convinced some of the largest and most influential institutions in the world to begin pulling their money out of climate destruction." - May Boeve, 350.org
Since the campaign began in earnest less than three years ago, the report shows, more than 400 institutions and over 2,000 individuals have pledged to divest from companies that derive profits from coal, oil, or gas.
Presented just months ahead UN climate talks in Paris and conducted by financial researchers at Arabella Advisors on behalf of the 'Divest-Invest' campaign—an effort driven by a coalition of climate action and public advocacy groups—the findings of the analysis reveal enormous strides over a relatively brief period for the idea of transitioning investments as part of the fight against human-driven global warming.
View September 23, 2015 Common Dreams article
View September 23, 2015 The New York Times article
View September 23, 2015 Huffington Post article
View September 22, 2015 DeSmog Canada article
View Measuring the Growth of the Global Fossil Fuel Divestment and Clean Energy Investment Movement
|