Tag Archives: divestment

College fossil fuel divestment – Yes we must! Updated for 2026





I have taught courses in the energy and environmental sciences at Boston University for 27 years.

For most of that time I have remained ‘above the fray’ when it comes to activism, preferring to let others, including many of my students, engage in the political process.

I can no longer stand on the sidelines. Climate change and other impacts that stem from our reliance on fossil fuels are large, growing and they disproportionately harm the poor in every society.

As a scientist, I conclude that the evidence is unassailable. As a citizen, I am compelled to try and use this information to help steer our energy system to a sustainable future.

Many universities hold large endowments or funds that have significant positions in fossil fuel companies. This investment will increasingly be viewed as an abdication of the university’s treasured position as representing the intelligence of society.

Three years ago, I wrote a letter as then co-chair of Boston University’s Committee on Sustainability urging the university’s Board of Trustees to seriously investigate divestiture. And with my colleagues, I recently started a blog that discusses issues surrounding energy transitions.

I’m not the only academic to get involved in this issue. At least 200 institutions of higher education, foundations, religious organizations, and cities have committed to divestment. This includes about 32 colleges and universities that have pledged some level of divestment; at least an equal number have publicly rejected divestment.

At Boston University, a faculty petition and the student group DivestBU have prompted the University’s Advisory Committee on Socially Responsible Investing to take up the divestment issue. So pressure by faculty and students has helped make divestiture a front-burner issue.

Why we need to change

This is a multi-faceted problem, but one issue, in particular, motivated me to act. Boston University and many other institutions of higher education have education and research programs that describe the nature of climate change and its impacts on society.

The same institutions have invested considerable effort in ‘greening’ their business operations, including efforts to improve the efficiency of energy and water use, recycling, purchasing and procurement, building and renovation, and outreach to students, faculty, and staff.

But climate change has not been confronted in the boardroom, where endowments have been ring-fenced from transparency and scrutiny. This is what I want to change. Universities face charges of being hypocritical.

What message do you send when you grant degrees with titles such as ‘Sustainability’, ‘Environmental Science’, and ‘Climate and Society’ with one hand, yet with the other hand invest in the activities that drive the very problems those degrees aim to address?

Yet the argument for divestment spans the financial, economic, environmental and ethical domains. One guiding principle is the existence and degree of harm caused by the use of fossil fuels.

As stated by Robert Knox, chair of the Board of Trustees of Boston University, circumstances exist to consider divestment only when “the degree of social harm caused by the actions of the firms in the asset class is clearly unacceptable.”

A prodigious body of evidence indicates that the fossil energy system causes pervasive human health, environmental, and social harm across every society, and that these costs will grow in the absence of explicit measures to address them. Climate change will shave about $1.2 trillion from global GDP this year, and that cost is growing by about 2% per year.

The World Health Organization estimates that an additional 250,000 people will die annually between 2030 and 2050 from conditions caused or worsened by climate change. Air pollution from fossil fuel combustion reduces life expectancy by up to 1.6 years in the US and five years in northern China.

These costs will grow if we continue to develop unconventional oil and gas sources such as oil sands, shale gas, and shale oil which have larger ecological footprints than conventional sources.

Fossil fuel risks

The dependence on oil leads directly to violent conflict. In the name of national security, the US military has frequently been used to protect access to foreign sources of oil and to protect key suppliers such as Saudi Arabia and Kuwait from internal revolt and external attack.

Oil revenue channeled through charities, schools, and private donors in some Middle East nations helped create and sustain both Al-Qaeda and the Taliban.

University endowments face tangible financial risk from their investments in fossil fuels. Material efforts to enforce a carbon budget designed to prevent unacceptable damage from climate change will result in a dramatic loss of value for fossil fuel assets, principally in the form of stranded assets, or energy sources that will left in the ground.

Companies with large amounts of stranded carbon resources could see their stock prices fall, lowering the value of investment portfolios that hold the shares.

Universities also face risk to their reputation. The ability of the university to sell itself to prospective students, faculty and contributors rests on its authority as a source of knowledge vital to humanity. If there is a misalignment of its teaching, research, operational, and financial behaviors, that authority and the institution’s viability, is put at risk.

Failing to act carries a significant reputation risk, as the university’s very existence is defined as a civilizing force. Universities seen to be complicit in destruction will likely lose position, students, faculty and reasons to be proud of what they do.

There is an alternative

Some say divesting from fossil fuels while at the same time using those fuels to run campus operations is hypocritical. But I believe hypocrisy only arises if one’s investment behavior is misaligned with the nature of your research and teaching programs, and with your campus operations.

No one expects to flip a switch and be divorced from fossil fuels. But many universities have expansive research programs that provide elements of the roadmap to a sustainable future.

This includes teaching programs that prepare young adults to navigate life in that future, and campus operations that reduce the institution’s carbon footprint and overall environmental impact. In this situation, there is no hypocrisy in divestment, even if the institution continues to rely on fossil fuels for some time.

Another frequent argument made against divestiture is that low-carbon forms of energy are more expensive than fossil fuels, so ‘forcing’ a transition will impose a significant cost on society. As a blanket statement, this is demonstrably false.

Multiple independent studies and the observation of actual investment patterns unequivocally demonstrate that energy efficiency and onshore wind power are as cheap or cheaper than electricity generated from fossil fuels in many regions. The cost of electricity from solar sources is plummeting.

The price for solar photovoltaic technologies has dropped from $50-80 per watt in the 1970s to less than $1 per watt today. Lower cost drives adoptions; about 26% of all new electric capacity in the first half of 2014 in the US was solar.

A university’s role in society

There are three takeaway points on divestment. First, addressing climate change is central to the mission of every institution to higher education because it imperils vital aspects of human existence and, therefore, crosses every academic discipline and profession.

Universities have an obligation to their students, facility, alumni and society to understand the nature of, and the risks posed by, climate change. To the best of their abilities, they must see that such knowledge is used in society’s best interest. This obligation holds regardless of whether or not divestment is being considered.

Second, divestment is feasible and, if intelligently implemented, should not threaten the financial health of endowments.

Third, universities do not have to go it alone. There is a rapidly expanding set of informational resources, analytical tools, and institutional partnerships that support the planning and implementation of divestment.

 


 

http://theconversation.com/college-fossil-fuel-divestment-the-view-from-the-lectern-38138

Cutler J Cleveland is Professor of Earth and Environment at Boston University.

This article is adapted from ‘The Path to Fossil Fuel Divestment for Universities: Climate Responsible Investment‘, Cutler J. Cleveland and Richard Reibstein. and was originally published on The Conversation. Read the original article.

The Conversation

 




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Fossil fuel divestment backlash forces the question: Which side are you on? Updated for 2026





A crowd gathered in the cold near Wall Street on Friday to call for New York’s divestment from fossil fuels. (Flickr / 350)

If you’ve been to a major protest in the last 10 years, chances are you’ve heard the iconic chorus of Which Side Are You On? floating out from the crowd.

While it’s been covered many times, the song’s potent message originally emerged from Appalachia’s brutal Coal Wars, labor struggles between miners and coal companies that stretched roughly from the 1890s through the 1930s.

At the time, union members would regularly find themselves blacklisted and evicted from their homes in the company owned-and-operated towns that dotted the Appalachian Mountains through much of the 19th and early 20th centuries.

Those found to be affiliated with the union – often the United Mineworkers, or UMW – were pushed out of city limits by armed thugs, usually paid by some combination of the coal companies themselves and business-friendly sheriff’s departments.

There are no neutrals here!

One of the most memorable sites of conflict in the Coal Wars was Harlan County, Kentucky. On Feb. 16, 1931, in the throes of the Great Depression, the Black Mountain Coal Company announced a 10% wage cut, sparking a walkout among miners and a majority vote to unionize under the UMW. The striking workers soon found themselves embroiled in a pitched battle with both the coal operators and the county sheriff, J.H. Blair.

“Which Side Are You On?” was written just hours after a mob hired by Blair entered the home of its author, Harlan County resident Florence Reece, looking to assassinate her husband. A noted UMW activist, Sam Reece had heard about the attack hours earlier and fled Harlan, leaving Florence and their seven children terrorized as Blair’s men ransacked the house.

Reeling from the assault, Florence “tore a sheet from a calendar on the wall” and penned one of the song’s lesser known lines: “They say in Harlan County there are no neutrals there. You’ll either be a union man or a thug for J.H. Blair.”

Now, as a new generation of organizers picks its own fight with the fossil fuel industry, Reece’s words have never been more relevant. In the last few days, oil, coal and natural gas executives have gone on the defensive, attempting to discredit campus and community divestment campaigners.

The American Energy Alliance took to Twitter earlier this month to disseminate the hashtag #DivestmentTruth and encourage people to “take a stand against divestment!”

The ‘campaign’ Big Green Radicalsa project of right-wing public relations mastermind Richard Berman, has surfaced to criticize environmental organizations’ ties to everything from “dark money” to the Kremlin. They even made a surreal cartoon about Americans’ tortured love affair with oil drums.

The Independent Petroleum Association of America, a national trade association of oil and natural gas producers, released a report and Wall Street Journal op-ed outlining the “costs of divestment”, which they say amount to $3.2 billion each year among university endowments.

But as Rolling Stone journalist Tim Dickinson reported, there is no such evidence. In fact, he cites financial professionals whose models show no penalty for dumping fossil fuel stock.

The fossil fuel industry knows its situation is desperate

There are a few things that might explain the industry’s newfound anxiety: the largest US refinery strike in more than three decades, plummeting oil prices, and not-so-sunny prospects about what climate change means for unhinged economic growth.

The industry, as told through the American Energy Alliance, also knows exactly why divestment is so threatening to their business model: “By ridiculing natural gas, coal and oil companies as ‘Public Enemy Number One’ – destructive of the planet itself – divestment activists try to force companies into defensive positions for which there is no defense (no one is arguing that we should destroy the planet).”

Still, it’s not as if industry executives are somehow pulling the strings behind all of this backlash. Conservatives and liberals alike have voiced opposition to the movement, albeit for different reasons.

The nature of polarization is that it forces everyone – not just opponents and movement-affiliated organizations – to choose a side. As the debate permeates mainstream news sources, increasingly large sections of society are made to take a firm stance, one way or another. Cameron Fenton, 350.org’s Canadian Tar Sands organizer, made the same point earlier this week in a Huffington Post article:

“The people in charge have avoided the critical decision on whether or not their institution should continue to prop up a climate-wrecking industry … but these attacks on divestment have taken away this coveted ‘neutral’ ground.”

No more sitting on the fence!

Thus far, college administrators have tried to have it both ways: denounce the problem and the proposed solutions alike.

Faced with a groundswell of support for divestment, administrations have eagerly heralded institutional recycling initiatives, LEED-certified sustainable building projects and ‘green’ lifestyle choices as more effective tactics for dialing down the crisis – anything, that is, but divestment.

Last week, Gregory Brown, Swarthmore College’s Vice President for Finance and Administration, rejected the majority of students’ call to divest, emphasizing “the need to focus not on divestment from the producers of fossil fuels but on the consumers of such fuels.”

On this issue, colleges have found their interests more aligned with the fossil fuel industry than with their students, faculty, staff and alumni, a majority of whom, on many campuses, have signed on in support of divestment.

It may not be too long before well-meaning, otherwise progressive college presidents quote industry-backed reports from the likes of the Independent Petroleum Association of America as a buffer against divestment advocates, maybe even inviting representatives of fossil fuel companies to their campuses to discuss the true value of their investments and consult with them on counter-strategies.

These dynamics are nothing new. In fact, this sort of polarization is a bittersweet marker of victory for the movement. At the very least, it’s a sign that divesters are doing something right.

‘Sometimes it is necessary to dramatize an issue’

In the spring of 1960, students in Nashville, Tennesee, had just kicked off a wave of lunch counter sit-ins that would spread throughout the South. The students have faced regular attacks from white mobs, who pulled them violently from their seats and beat them to the ground.

On April 17, two months into the Nashville campaign, Martin Luther King Jr. was in Washington DC as a guest on ‘Meet the Press‘. To give a sense for the show’s tenor, the first question asked was if “the sit-in strikes are doing the race, the Negro race, more harm than good?”

The rest of the segment proceeded along similar lines, prompting King to defend the campaign’s use of nonviolent direct action, if not its very right to exist. The Nashville students, including Selma campaign architect Diane Nash and now-Congressmen John Lewis, had recently extended their campaign to include a boycott of segregated downtown businesses.

Midway through the segment, Lawrence Spivak – the show’s producer and a regular panelist – turned to King. Referring to the boycott, he asked, “Wouldn’t you be on stronger grounds … if you refused to buy at those stores and if you called upon white people of the country to follow you?” In other words, why not just boycott?

As he had to similar questions throughout the program, King responded resolutely, saying, “sometimes it is necessary to dramatize an issue because many people are not aware of what’s happening … If you didn’t have the sit-ins, you wouldn’t have this dramatic – and not only this dramatic, but this mass demonstration of – the dissatisfaction of the Negro with the whole system of segregation.”

The point, here, is not to draw shaky comparisons between the civil rights movement and the fossil fuel divestment movement. The ‘Meet the Press’ panelists, in all likelihood, were not leading White Citizens Councils or Klan chapters. Many likely considered themselves liberals.

The actions of the civil rights movement dramatized, as King said, the issue of race in America, illustrating its ugly, virulent nature by bringing the crisis of structural discrimination to white audiences – however progressive they were – for whom it had been easy to avoid.

Being a moderate on desegregation became virtually impossible: you either stood with the nonviolent demonstrators being beaten in the streets, or with the police and mobs that were attacking them. Civil rights campaigners would come to win the battle for public opinion, in part, by making that choice clear.

And even if the movement’s most ambitious aims were not achieved, it created a new normal in which obviously denying African Americans the right to vote or use public facilities was no longer politically, socially or economically viable.

The challenge is to polarize – and win!

Polarization is inherently risky. There’s no sure way of telling how the public will react. Rather than convincing administrators, or even the fossil fuel industry, of their wrongs, divestment campaigners should be convincing everyone that the movement is right.

As one crucial part of a broader movement for climate justice, divestment is looking to effect nothing short of a fundamental shift in our society’s relationship to the planet and the economy: to bring about a new normal. Ironically, the industry and its supporters understand this more deeply than many of their opponents.

Shifting paradigms and cultural landscapes means shifting popular consciousness, not that of the worst actors. In short, the opponent may be the fossil fuel industry, but the target is the public.

It’s a testament to the divestment movement’s strength that it has managed to produce such a dramatic response from the industry. Hopefully, it won’t be the last. With 450 events having taken place in 60 countries last Friday and Saturday for Global Divestment Day, the movement is already proving itself as full of skilled organizers.

At the University of Mary Washington in Fredricksberg, VA., students followed a hundreds-strong statewide march for divestment with a weekend-long conference, Virginia Power Shift. Divestment organizers in Toronto held an action in the country’s stock exchange, just as 62% of faculty at the University of British Columbia voted to divest.

With more than 30 students sitting in at Harvard, Global Divestment Day was not simply two days of action, but a statement of intent: divest now, or suffer the consequences of standing on the wrong side of history and public opinion.

The challenge now for campaigners is to “polarize, polarize, polarize” – and come out on top.

 


 

Kate Aronoff is an organizer and freelance journalist based in Philadelphia, PA. While in school, she worked extensively with the fossil fuel divestment movement on the local and national level, co-founding Swarthmore Mountain Justice and the Fossil Fuel Divestment Student Network (DSN). She is currently working to build a student power network across Pennsylvania. Follow her on Twitter @katearonoff

This article was originally published by Waging Nonviolence.

 

 




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Join Global Divestment Day and make fossil fuels history! Updated for 2026





Today marks the beginning of Global Divestment Day – a worldwide event marking the growing demands for individuals and institutions – churches, foundations, pension funds and others – to take their investments out of dirty energy.

The campaign has gained astonishing momentum and is seriously rattling the fossil fuel industry, and those invested in it. How do I know that? Because the industry is fighting back – however ineptly.

This week the Independent Petroleum Association of America (IPAA) published a new report in which they claimed that over the past 50 years, portfolios that included fossil fuels investments would have yielded more than those which would have removed fossil fuels from their investments.

After seeing fossil fuel share prices battered by the combination of low oil and gas prices, and the increasingly successful divestment campaign, it’s a desperate attempt to restore investor confidence – and one that’s doomed to failure.

Authored by Daniel R Fischel, a retired Chicago Law School professor, the report compares the 50-year performance of investment portfolios with and without fossil energy stocks. He concludes that the costs of divestment are “clearly substantial” and threaten to have “real financial impacts on the returns generated by endowment funds.” In the case of US universities alone, he writes, it could cost them $3.2 billion a year.

In fact, Professor Fischel was clearly cherry-picking information to reach a predetermined conclusion – as dictated by his fossil fuel industry funders.

As history tells us, the future is unlike the past

Moreover smart investors are not basing their investment decisions on performance over the last half century – any more than 1950s investors in railway locomotion were betting on the steam engine, just because it had made handsome profits for the last 200 years.

They are interested in what will happen in the future, because that’s what will determine their gains or losses. And right now they are taking increasing note, and acting upon, the innumerable indications that we are approaching the end of the fossil fuel era.

I must also emphasize our main message since the very start of the divestment campaign (it looks like the fossil fuel industry missed it): it’s not just about profits! It’s about climate change and making investment choices that will not destroy our planet for generations present and future.

Regardless of the so-called ‘facts’, this report exposes the fossil fuel industry’s colors. Its underlying message is that the industry does not want to change, despite the ever increasing weight of solid scientific evidence telling us that we must change. For them it’s about continuing with business as usual.

They want to continue to extract ever increasing volumes of fossil fuels, as they have over the last 50 years, no matter how it is going to affect humanity. And so they continue to block every attempt to introduce policies and regulations that will force them to alter the course of the next 50 years.

Their desire is simple: to continue amass profits and wealth, even as the fundamental processes that run our planet are disrupted by rising temperatures, and the poorest and most vulnerable people are hit by climate chaos.

So the IPAA report – and the recently released fossil fuel promo below – are a wake-up call for those who choose engagement with the fossil fuel industry. It is fighting change as hard as it can, making divestment the only viable option to bring about the urgent changes we need to avert climate chaos.

Divestment is ‘in’

Over the last few months, hardly a week could go by without new announcements of divestment commitments. Most recently, the Norwegian Sovereign Wealth, the largest single fund in the world, announced it was divesting from a total of 22 companies, potentially totaling billions of dollars in assets.

Similar announcements came from Bristol council in the United Kingdom and the city of Christchurch in New Zealand. All these announcements came in less than two weeks, testimony to the exponential growth of the divestment movement, and another blow to the reputation of the fossil fuel industry.

This is why communities across the globe are coming together this weekend for Global Divestment Day – a global party with 380 events taking place in 58 countries across 6 continents. From South Africa to USA, Bangladesh to Berlin, people are showing their commitment to taking on the fossil fuel industry.

This day marks an escalation and an expansion for the divestment movement, thousands of people from all over the world joining a growing movement.

The notion that we are approaching the end of the fossil fuel era is becoming more and more mainstream. Even banks are acknowledging the fact that if the world takes its climate change commitments seriously, then the dynamics of oil will be altered beyond recognition.

Coal, oil and gas will become constrained by the level of demand allowed under CO2 emission limits and this will have implications for the behavior of countries, companies and consumers alike. Perhaps last year’s falling prices were the first rumblings of this profound change.

Meanwhile renewable energy sources, solar in particular, are becoming ever cheaper, and have even reached the long sought-after ‘grid parity’ in sunny parts of the world. Even The Economist, which no one suspects of being left leaning, is telling us that the “fall in oil prices provides a once in a generation opportunity to fix bad energy policies.”

But the fossil fuel industry isn’t giving up. This very morning the World Coal Association has chosen to launch its call for more investment in so-called ‘clean coal’, insisting: “Greater investment is needed in cleaner coal technologies to meet global energy demand, alleviate energy poverty and minimise CO2 emissions.” Which sounds like putting a fire out by adding more fuel.

A call to action!

In the Pope’s recent visit to the Philippines, local Catholic institutions provided His Holiness with a letter that said:

“Investing in fossil fuel companies and in eco-destructive projects is synonymous in supporting the destruction of our future. Divestment provides the means to change this status quo – to shift towards a system that will prioritize the welfare of the people and of nature over the relentless pursuit of profit.”

For those who live in the Philippines and feel the horrendous impact of climate change, divestment is not about profits and losses from investments – its about their ability to survive.

Divestment and action on climate change is our era’s moral call. It’s about our existence on the face of this planet and therefore we invite everyone to join this growing movement during Global Divestment Day to defend our future.

Join thousands of people across the planet for Global Divestment Day. Together, lets tell our institutions to dump their investments in dirty energies!

 


 

More information on Global Divertment Day and events near you.

Yossi Cadan is Global Divestment Senior Campaigner with 350.org in Toronto, Canada.

 

 




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To hit fossil fuel firms where it hurts, support divestment! Updated for 2026





Glasgow recently became the first European university to join the rapidly-expanding fossil free divestment movement.

Following hot on the heels of the Australian National University, Glasgow promised to move £18m of investment over the next ten years.

The international, grass-roots, student-led fossil-free movement now has the support of religious, medical and charitable bodies across the world (181 and counting).

These organisations have divested because they can no longer endorse the activities of the fossil fuel sector.

The movement is inspired by the success of the anti-apartheid divestment campaign, where financial and moral pressure on companies doing business with South Africa contributed to the fall of the apartheid regime.

How can we leave this carbon in the ground?

The campaign is beginning to rattle fossil fuel companies. A fight-back has begun. Pro-coal Australian prime minister Tony Abbott has called divestment stupid. Academics, too, have criticised the campaigners as hypocritical.

Such criticisms are wrongheaded. Anyone who cares about climate change should support the divestment campaign.

Viewed at a global level, existing solutions aren’t working. The ability of market-based instruments to reduce carbon emissions is more a matter of faith than empirical evidence. Carbon reductions from renewables, while growing fast, are offset by increases elsewhere.

Greater efficiency stimulates growth and consumption, not parsimony. Existing measures are like ‘squeezing a balloon‘: reductions in one place lead to increases elsewhere.

The Fifth IPCC assessment warned that we have five times more fossil fuel reserves than we can safely extract if we are to stand a decent chance of staying under 2°C warming. This puts the question starkly: how can we leave this carbon in the ground?

Hit where it hurts

The divestment movement confronts the core logic – licence, extract, profit – of fossil fuel companies. One key tactic to make it harder for them to extract carbon is to erode their political legitimacy.

Fossil fuel companies use their economic clout to sow doubt about climate science. They lobby for generous subsidies and flout indigenous rights.

They commission toys and sponsor art at the Tate, the British Museum, the Royal Shakespeare Company and other cultural institutions to normalise the presence of big oil in our everyday lives.

By divesting, organisations such as the World Council of Churches send a strong message: we find your activities immoral.

The moral case for divestment is based on the clear environmental damage and the undemocratic power of these corporate behemoths. By stigmatising fossil fuel companies, the divestment movement aims to reduce their political room for manoeuvre.

When mainstream figures such as the governor of the Bank of England says fossil fuel reserves can’t be burnt, or the Rockefellers start divesting from fossil fuels for financial reasons, people take notice.

2.8  trillion tonnes of ‘unburnable’ fossil fuel reserves

The financial case for divestment is based on the carbon bubble. The financial health of fossil fuel companies relies on 2,795 gigatonnes of ‘unburnable’ carbon – reserves that have to stay in the ground if we are to have a decent chance of staying under 2C warming.

This creates enormous financial risk, as a change in policy (or indeed in climate) could leave these reserves and their associated infrastructure stranded. Long-term financial sustainability is at odds with carbon investment.

So far, £30 billion has been divested – small beer compared to the £441 billion spent on exploration by the top 200 companies in 2012.

For deeper success, divestment will need to break out beyond churches and charities to affect wider market norms. If this happens, debt will likely become less accessible and capital-intensive projects at the margins less feasible. This can only be a good thing for the climate.

Eventually, campaigners hope fossil fuels will face a regulatory and legislative environment that forces the whole company – not just the green-tinged outliers – to move beyond petroleum, or to make way for those who will.

Too much hot air?

All this fossil fuel bashing will be too much for some. “We all use fossil fuels, you included!” says the critic when she leaps to the defence of big oil.

This is true, as far as it goes, but naïve. Energy use is not a matter of individual choice – whether we like it or not we are locked into world systems whose very life-blood is oil.

We can’t choose a decentralised grid, renewable supply, or decent cycling infrastructure, thanks to historic legacies and the continued power of big oil. We need divestment to work because fossil fuel companies distort politics and stand in the way of a sustainable future.

“We should engage fossil fuel companies, not demonise them”, runs another counter-argument.

Investor engagement can work, but only if clear goals and timelines are set. Research that helps companies extract more efficiently just gets carbon out of the ground faster; working with companies on renewables, carbon capture and storage, or low-carbon technology can work, but does nothing to transform the core business of big carbon.

And when the laws of coercive competition squeeze, big carbon will always retreat to its core business.

We are well past the point where the good delivered by fossil fuel companies outweighs the environmental, social, and economic negatives. We need any and all tactics to achieve a post-carbon world.

Divestment puts fossil fuel companies in the spotlight, names them responsible for climate change, and confronts their power. Divestment should be supported by everyone who cares about climate change.

 


 

Franklin Ginn is Lecturer in Human Geography at the University of Edinburgh. He receives funding from the Arts and Humanities Research Council.

This article was originally published on The Conversation. Read the original article.

The Conversation

 




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