GOOD NEWS: Divestment from Fossil Fuels Gains Momentum

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Since when has “ethics” and “morals” EVER entered into big-wig “financial” decisions? Since NOW, apparently. Let’s hope “ethics” doesn’t become just another meme to bandy about as the newest form of hip. On the other hand, so what if it does? Whatever it takes to protect our dear Mother Earth from our short-sighted greed and worst instincts, I’m all for it.

Guardian Media Group to divest its £800m fund from fossil fuels

GMG becomes largest fund yet known to pull out of coal, oil and gas companies in a move chair Neil Berkett calls a ‘hard-nosed business decision’ justified on ethical and financial grounds

Rockefeller Brothers Fund: it is our moral duty to divest from fossil fuels

In an exclusive interview, Rockefeller Brothers Fund chair, Valerie Rockefeller Wayne and president, Stephen Heintz, talk about the decision to cut ties to fossil fuels, what it meant for the divestment movement and the challenges involved

• Oslo Divests from coal — the first capitol city to do so

Just a few short weeks after 1000 people hit the streets of Oslo demanding divestment from fossil fuels on Global Divestment Day, we’re hearing reports that the City of Oslo has responded by divesting from coal.

The above three news items all since February 13-14, when the world celebrated Global Divestment Day.

Global Divestment Day was huge!
At over 450 events in 60 countries, people around the world declared that it’s wrong to wreck the climate — and it’s wrong to profit from wrecking it.

Here, locally, in January, once again the the IU Foundation responded to requests by refusing to divest, saying “its members base their investment decisions on many considerations and do not use their investment decisions to make symbolic statements.” Huh?

As a result, a demonstration was held here, too, on Global Investment Day.

From the Indiana Daily Student:

Reinvest IU stages demonstration

There’s now a national Student Network for Divestment:

ORGANIZING PLEDGE PROJECT

WE’RE BUILDING A POWERFUL, SUSTAINABLE COMMUNITY OF CLIMATE JUSTICE ORGANIZERS. TAKE THE PLEDGE TO SHARE YOUR STORY, COMMIT TO ORGANIZE FOR THE LONG-HAUL, AND WITHHOLD DONATIONS FROM YOUR UNIVERSITY UNTIL THEY #DIVEST FROM FOSSIL FUELS.

TAKE THE PLEDGE!

One of the most powerful things about the Fossil Fuel Divestment Movement is how it has mobilized and trained thousands of students and young people to organize in the fight against the climate crisis. Our targets expect us to stop organizing after graduation. They are waiting for our leaders to graduate so our campaigns will weaken, but we refuse to graduate out of the movement. The state of the crisis demands that we continue organizing for climate and social justice long after we leave campus. Through the Organizing Pledge Project, we are sharing stories about what brings us to this work, and why we are committed to organizing for the long-term.

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