Who supports divestment?
395 universities, municipalities, religious organizations, and other social good institutions have already committed to divesting from fossil fuels. They include:
110 philanthropic organizations, the world’s largest sovereign wealth fund, the world’s 4th oldest university, the World Council of Churches, the Church of England, the United Methodist Church, the Unitarian Universalist Church, the Lutheran World Federation, the British Medical Association, Stanford University, Oxford University, the Rockefeller Brothers Fund, the Ben and Jerry’s Foundation and the cities of San Francisco, Seattle, and Oakland
For a fuller list of who has divested and the particulars of their commitment please click here.
Below is a small sample of people who have spoken out and stood up for divestment:
“Push your own communities to adopt smarter practices. Invest. Divest. Remind folks there’s no contradiction between a sound environment and strong economic growth.”
“Well, science is science… there is no doubt that if we burned all the fossil fuel that’s in the ground right now, that the planet’s going to get too hot and the consequences could be dire.[…] We’re not going to be able to burn it all.”
“The divestment campaign has real potential to bring in a new constituency of heretofore silent parties — investors — to exercise substantial pressure on the fossil fuel industry.”
Kumi Naidoo, Executive Director Greenpeace International
“Divestment campaigns will probably be at their most effective in triggering a process of stigmatization of fossil fuel companies.”
Oxford University, Stranded Assets Report
“I have been urging companies like pension funds or insurance companies to reduce their investments in a fossil-fuel based economy [and shift] to renewable sources of energy.”
Ban Ki-moon, UN Secretary General
“We support divestment as it sends a signal to companies, especially coal companies, that the age of ‘burn what you like, when you like’ cannot continue,”
Nick Nuttall, spokesman, United Nation’s Framework Convention on Climate Change (UNFCCC).
“(. . .) divest fossil fuel assets. This is certainly the surest way to reduce carbon risk.”
“I’m glad that young people and colleges and others are seeing the need to bring home: We can no longer invest in companies that are part of the problem of the climate shocks that we’re suffering from.”
Mary Robinson, former President of Ireland
“I’m strongly backing the Guardian’s campaign to raise the profile of the divestment debate ahead of the December climate change negotiations in Paris.”
Ed Davey MP, Secretary of State for Energy and Climate Change, United Kingdom
“I do believe the problem of stranded assets is a real one now. Investors are starting to think by 2030 the world will be in such a panic about climate change that either by law or by price it will be very hard to burn fossil fuels on anything like the scale we are doing at the moment.”
Tim Yeo, Chair of Parliament’s Energy Committee
“It’s the right thing to do morally, and the right thing to do institutionally. While it may not solve the climate change problem entirely, it is a step in the right direction.”
Dr. Jonathan Foley, Executive Director, California Academy of Sciences