divest-now

Today’s the day!

Also see my recent feature on 25 years of climate change failure and the current campaign for divestment from fossil fuels:

http://proseandpassion.blogspot.co.uk/2015/04/climate-change-at-25.html

The Divestor--A Monthly Newsletter by Fossil Fuel Divestment at Grenfell

“Let us continue to challenge the status quo, push the boundaries of what is possible and prove that through collective action we are capable of making great change.”

- Pitzer College student leader, Jess Grady-Benson

Top Stories in Divestment:

Desmond Tutu calls for anti-apartheid style boycott of fossil fuel industry (The Guardian):

     “Archbishop Desmond Tutu has called for an anti-apartheid-style boycott and disinvestment campaign against the fossil fuel industry for driving global warming, just days ahead of a landmark UN report on how carbon emissions can be slashed.

In an article for the Guardian, the archbishop writes: ‘We live in a world dominated by greed. We have allowed the interests of capital to outweigh the interests of human beings and our Earth. It is clear [the companies] are not simply going to give up; they stand to make too much money.’”

Read More: http://www.theguardian.com/environment/2014/apr/10/desmond-tutu-anti-apartheid-style-boycott-fossil-fuel-industry

Fossil-free investments enter financial mainstream with FTSE index (gofossilfree.org):

     “The world’s biggest fund manager, Blackrock, and global index provider FTSE have teamed up with US environmental charity Natural Resources Defense Council to launch a set of new fossil-free indices in what the Financial Times describes as ‘a sign that a global campaign against fossil fuels is entering the financial mainstream’.
This is the first time a leading index group specifically excludes fossil fuel companies; and Blackrock is not some small, green socially responsible fund. They are the world’s largest asset manager charged with $4.32 trillion in assets and managing more than 7,000 portfolios. When they put forward a fossil-free fund, you know this movement is going mainstream.”

Read More: http://gofossilfree.org/fossil-free-investments-enter-financial-mainstream-with-ftse-index/

Pitzer College Divests From Fossil Fuels: Students Reflect On Our Victory And What Comes Next (gofossilfree.org):

     “The Claremont Colleges Divestment Campaign is proud to announce that the Pitzer College Board of Trustees has committed to fossil fuel divestment as part of a holistic climate action model. In addition to divestment, the plan establishes an Environmental, Social and Corporate Governance (ESG) investment policy, a segregated environmental fund, and a 25% carbon reduction by 2016. The plan also includes investing in renewable community projects, developing a green revolving fund, joining the Billion Dollar Challenge, and the establishment of a campus sustainability task force…. As the movement for fossil fuel divestment gains strength, it will become increasingly unacceptable for colleges and other institutions to remain invested in such a destructive industry. These fossil fuel companies corrupt our democratic political process, prevent the transition towards a renewable economy, and value short-term profits over a creating a sustainable future.”

Read More: http://gofossilfree.org/pitzer-college-divests-from-fossil-fuels-students-reflect-on-our-victory-and-what-comes-next/

The New 200 List, Compelling Data to Divest (gofossilfree.org):

     “A few years ago, we got a 2010 snapshot analysis of the top 200 coal, oil and gas companies by size of carbon reserves – “The 200 List.” In the subsequent three years things have taken a turn for the worse. Fossil Free Indexes, a research and Index provider, published a paper today called The Carbon Underground where they provide a comprehensive update to The 200 List. In short, they found that reserves are growing and the carbon budget is shrinking, and as you may have guessed, this is happening at an alarming rate…. One of the big pieces of analysis to come out of the report is the “too-big-to-fail” issue we experience with the financial sector. The top five companies on the oil and gas side of the 200 list (Gazprom, Rosneft, PetroChina, ExxonMobil, Lukoil) contribute roughly 53% of the total carbon emissions potential while the bottom half comprise about 5%. This hyper-top-heavy consolidation of wealth is a defining characteristic of the last economic crisis.”

Read More: http://gofossilfree.org/the-new-200-list-compelling-data-to-divest/

Petition: http://campaigns.gofossilfree.org/petitions/go-fossil-free-48

Facebook: https://www.facebook.com/FossilFreeGrenfell

Latest News on Divestment from Fossil Fuels

WASHINGTON - November 8

The international campaign to divest from the Top 200 fossil fuels continues to make waves across the globe. A summary of recent news is below. The campaign has already spread to over 400 colleges, cities, and religious institutions in the United States and is growing quickly in Australia, New Zealand, Canada, and across Europe, where the Fossil Free Europe tour just concluded. Follow the campaign at gofossilfree.org.

Generation Foundation report warns of stranded carbon assets

On October 30, The Generation Foundation released a report on investor risk from stranded carbon assets and how this risk should be incorporated into investment analyses. Al Gore and London based asset manager David Blood described the report’s findings and compared the carbon bubble to the housing bubble in a Wall Street Journal op-ed: “That is exactly what is happening with the subprime carbon asset bubble: It is still growing because most market participants are mistakenly treating carbon risk as an uncertainty, and are thus failing to incorporate it in investment analyses. By overlooking a known material-risk factor, investors are exposing their portfolios to an externality that should be integrated into the capital allocation process.”

Oxford study on growing fossil fuel divestment campaign says it’s experiencing the fastest growth in recent times

On October 7, the University of Oxford released a new report that found that the fossil fuel divestment campaign is growing faster than any previous divestment effort. “Stigmatisation poses a far-reaching threat to fossil fuel companies – any direct impacts of divestment pale in comparison,” said Ben Caldecott, a research fellow at the University of Oxford’s Smith School of Enterprise and the Environment, and an author of the report. “In every case we reviewed, divestment campaigns were successful in lobbying for restrictive legislation.”

Boxtel, Netherlands becomes 1st municipality in Europe to divest

On November 1, the Dutch town of Boxtel announced that it will become the first municipality in Europe to divest from fossil fuels companies. This follows its decision to ban fracking in August. Boxtel also announced that it will hold a conference in December to urge other cities to drop their holdings in fossil fuels companies.

Quakers in Britain announce intention to divest

On October 8th, Quakers in Britain announced that investing in companies which are engaged in fossil fuel extraction is “incompatible with their commitment made in 2011 to become a sustainable low-carbon community.” The move means that Quakers will drop their investments in Statoil and BG Group.

Norway’s $800bn Sovereign Wealth Fund moves toward coal divestment

Norway’s $800bn Sovereign Wealth Fund (NBIM) is likely to divest from coal assets, with support from the Labor party. The questions now appear to be if the fund will also divest from coal mining and from utilities that use coal generated power. More information is here.

Naropa College in Colorado and Foothill-De Anza Community College in California divest

On October 31, Naropa’s board of trustees voted to divest, concluding that it “would not threaten the stability of their stock portfolio, and that continuing to practice shareholder activism involving those companies would not result in significant changes in behavior.”

On October 23, De Anza Community College became for the first community college in the U.S to divest. A full list of divestment commitments can be found here.

Brown University announces it won’t divest from coal

It’s still an open question which school will be the first Ivy to divest. On Oct. 27, Brown President Christina Paxson wrote an email to students informing them that the Brown Corporation, responsible for managing Brown’s $3 billion endowment, would not divest from major coal companies. “The existence of social harm is a necessary but not sufficient rationale for Brown to divest,” Paxson wrote. The response from Brown Divestment from Coal is here.

350.org and partners launch personal divestment guide

As grassroots divestment campaigns take hold of institutions across the country, many individuals are taking matters into their own hands and choosing to divest their personal finances from fossil fuels. 350.org and partners have published a website that helps to guide individuals through the process of personally divesting their investments from fossil fuels, which will help to protect them againstrisks from the carbon bubble.

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On Democracy Now! we interview leading American psychiatrist Robert Jay Lifton about the parallels between the threats of nuclear weapons and global warming. “They both bring forth apocalyptic images of destroying the entire human habitat and interfering with the future of the human race,” says Lifton.

Tune in to the discussion on Democracy Now! today.

#pay #attention #SaveTheArctic #stopshell #sHellNo #FOSSILFREE #future #divest #billgates #love #actONClimate #now #socialsculpture #MrPickles #cativist #TetraPAKMAN #artivist #art #madison #madisonwave #bemadison #100State @billnye @neildegrassetyson #tacos #thankyou