Fossil fuel divestment
removal of investment in companies involved in extracting fossil fuels to reduce climate change
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Fossil fuel divestment is the removal of investments from companies involved in extracting fossil fuels, in an attempt to reduce global warming by tackling its main cause.
QuotesEdit
- The logic of divestment couldn't be simpler: if it's wrong to wreck the climate, it's wrong to profit from that wreckage.
- Bill McKibben, "The case for fossil-fuel divestment", 22 February 2013.
- We see this as both a moral imperative and an economic opportunity.
- Stephen Heintz, president of the Rockefeller Brothers Fund, on divesting from fossil fuels, 30 September 2014. Cited in Tim Flannery, Atmosphere of Hope, 2015, pages 117 (ISBN 9780141981048).
- I think this is part of a process of delegitimising this sector and saying these are odious profits, this is not a legitimate business model.
- Naomi Klein, cited in The Guardian, 2014.
- This Agreement [...] aims to strengthen the global response to the threat of climate change, [...] including by [...] Holding the increase in the global average temperature to well below 2 °C and [...] Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
- United Nations, Paris Agreement, article 2, 2015.
- It is clear the transition to a clean energy future is inevitable, beneficial and well underway, and that investors have a key role to play.
- Ban Ki-moon, secretary-general of the United Nations, cited in The Guardian, 2016.
- Reasonably, all these investments are financial dead-ends or ecological disasters.
- Jacques Dubochet, Parcours, Éditions Rosso, 2018, page 145 (ISBN 9782940560097).
- We need to rapidly shift away from our dependence on fossil fuels. [...] Nothing less than our future and the fate of humankind depends on how we rise to the climate challenge.
- António Guterres, secretary-general of the United Nations, cited in The Guardian, 10 September 2018.
