Fossil Fuel Divestment Kicks Into Overdrive

Source: David McNew- Getty Images  Time.com

Source: David McNew- Getty Images

Divesting from fossil fuels has been quickly gaining popularity in recent years. This tactic removes both financial and symbolic support for the fossil fuel industry, and promotes a transition to renewable energy.

According to a new report, more than 400 organizations and 2000 individuals with $2.6 trillion in assets have committed to divest from fossil fuels. Last year, the total amount being divested was only $50 billion. Clearly, this strategy is gaining steam as more and more people become fed up with the fossil fuel industry and are looking for ways to stop being complicit in its continuation.

Read the full story here.

If you haven’t already, check out ACT’s work on promoting a renewable economy in British Columbia. Switching to a low-carbon economy here at home is not only necessary, it is completely possible. See the report here. 


Leave a Reply

If you want a picture to show with your comment, go get a Gravatar.