Global Divestment Day calls for people around the globe to come together and challenge the unchecked power of fossil fuel corporations that are major contributors to devastating climate change. Ending investments in these corporations is an effective tool to revoke their power.
The fossil fuel industry possesses tremendous financial power and is the biggest obstacle to tackling the climate crisis. Even though scientists agree that the world is facing a major climate crisis, these corporations move forward as if nothing is amiss. Not only to they intend to continue on, as they have in previous decades, they are pushing to exploit even more fragile environments and processes that put the environment further at risk.
You can make a difference by joining Global Divestment Day joining on February 13-14, 2015. Join with thousand of others make fossil fuels history.
Are you skeptical that the call for Global Divestment and this day of action can create change? Consider this recent news:
“Norway, the world’s richest sovereign wealth fund removed 32 coal mining companies from its portfolio in 2014, citing the risk they face from regulatory action on climate change. Norway’s Government Pension Fund Global (GPFG), worth $850bn (£556bn) and founded on the nation’s oil and gas wealth, revealed a total of 114 companies had been dumped on environmental and climate grounds in its first report on responsible investing, released on Thursday. The companies divested also include tar sands producers, cement makers and gold miners.” *
This movement is fast growing and crucially important. “As part of a fast-growing campaign, over $50bn in fossil fuel company stocks have been divested by 180 organizations on the basis that their business models are incompatible with the pledge by the world’s governments to tackle global warming.” *
The global organization 350.org was launched in 2008 by a group of university friends in the U.S. along with author Bill McKibben, who wrote one of the first books on global warming for the general public. Go to the Resource page on iCollabGlobal for a link to his book. The organization is named 350.org because “the number 350 means climate safety: to preserve a livable planet, scientists tell us we must reduce the amount of CO2 in the atmosphere from its current level of 400 parts per million to below 350 ppm.” ** That level of reduction is no small task but 350.org and other climate change organizations are taking the challenge head on and they need everyone’s involvement.
350.org says, “We believe that a global grassroots movement can hold our leaders accountable to the realities of science and the principles of justice. That movement is rising from the bottom up all over the world, and is uniting to create the solutions that will ensure a better future for all.” They launched in 2008 and have organized days of action that bring together people and climate change organizations all over the world.
FIND ACTION AROUND THE GLOBE
Global Divestment Day Feb 13-14 2015