Fossil Fuel Divestment

Update: Here is a link to the website for the campaign to get the University of California to divest:

If it’s wrong to wreck the climate, it’s wrong to profit from that wreckage.

In the 1980s, the South African Apartheid regime had imposed violently racist segregation policies on its people. University of California students initiated a divestment campaign which pulled enough money out of South Africa to have effectively ended the regime.

Last summer, 350.org kicked off a fossil fuel divestment campaign modeled after the Apartheid divestment campaign from the 1980s. So far, several universities, cities and religious institutions – among others – have committed to

1. Freezing all current investments in the fossil fuel industry
2. Phasing them out completely within five years

Learn more here

To help with our group’s ongoing Santa Barbara City and California State Pension divestment campaigns, contact 350santabarbara@gmail.com or join our divestment committee.

LINKs

Ten Cities Divest from Fossil Fuel Divestment
http://www.sustainablebusiness.com/index.cfm/go/news.display/id/24815

European Banks Moving Toward Divestment
http://www.bloomberg.com/news/2012-11-07/european-banks-moving-toward-great-divestment-black-says.html

Analysts: Fossil Fuel Free Portfolios Outperform Investments That Include Carbon Polluters
https://www.commondreams.org/newswire/2013/07/17-5

More Investors Opt for Fossil Free Portfolios
http://www.bizjournals.com/birmingham/print-edition/2013/06/28/more-investors-opt-for-fossil-fuel.html?page=all

Obama Embraces the Divestment Movement: From Apartheid to Climate Change
http://www.fastcoexist.com/1682430/did-president-obama-just-endorse-fossil-fuel-divestment

11 Reasons to Divest From the Fossil Fuel Industry
http://www.commondreams.org/view/2013/07/23-7

Divesting is an Exercise in Real Fiduciary Care
http://www.pionline.com/article/20130218/PRINTSUB/302189995

Fossil Fuel Divestment Strategy Passes at United Church of Christ
http://www.huffingtonpost.com/2013/07/02/fossil-fuel-divestment-ucc_n_3535729.html

Church of England Urged to Use Theology As Motivation for Fossil Fuel Divestment
http://blueandgreentomorrow.com/2013/07/08/church-of-england-urged-to-use-theology-as-motivation-for-fossil-fuel-divestment/

Is Your Pension Inflating the Carbon Bubble: Demand A Pension Fit For the Future
http://www.fairpensions.org.uk/carbonbubble

Divesting in Fossil Fuels Creates Financial Security
https://joinmosaic.com/blog/divesting-fossil-fuels-creates-financial-security

EU Climate Chief Adds Voice to Fossil Fuel Divestment Movement
http://ecowatch.com/2013/eu-climate-chief-adds-voice-fossil-fuel-divestment/

Fossil Fuel Divestment is Timely Issue for Investors
http://www.forbes.com/sites/mindylubber/2012/12/17/fossil-fuel-divestment-is-timely-issue-for-investors/

The Case for Divestment
http://www.rollingstone.com/politics/news/the-case-for-fossil-fuel-divestment-20130222

Mayors Innovation Project–Divestment
http://www.mayorsinnovation.org/pdf/Divestment_Guide_Final.pdf

Did President Obama Just Endorse Divestment?
http://www.fastcoexist.com/1682430/did-president-obama-just-endorse-fossil-fuel-divestment

Norwegian Pension Fund Divests from “financially worthless” Fossil Fuel Firms
http://blueandgreentomorrow.com/2013/07/05/norwegian-pension-fund-divests-from-financially-worthless-fossil-fuels/

Shareholders File First-Ever “Carbon Bubble” Resolutions
http://www.kleanindustries.com/s/environmental_market_industry_news.asp?ReportID=575330

Ten Economic Risks of Fossil Fuels
http://www.altenergystocks.com/archives/2013/05/ten_economic_risks_of_fossil_fuels_1.html

One comment on “Fossil Fuel Divestment

  1. Pingback: Workshop Summaries and Notes | 350 Santa Barbara

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