Divest-Invest is a coalition that is on the front lines of climate action. With the tag line of, “divest from fossil fuels invest in climate solutions,” they are passionate advocates of responsible investing. Their work is focused on accelerating the transition to a sustainable and equitable economy by encouraging foundations to divest from fossil fuels and invest in clean energy.
They make the point that investments should not contribute to climate change. In addition to the ethical argument they suggest that investments in fossil fuels are not financially sensible. They indicate that fossil fuel stocks are over-valued as most of their reserves cannot be burned. They also say that with clean energy investments we can get good, safe returns while helping to build a new energy system.
They explain that, “Divestment empowers you to take meaningful principled action aligned with other people and institutions to stigmatize the fossil fuel companies that most threaten climate and community stability.” With that in mind they encourage people to use their power and reduce their risk.
This coalition is gaining momentum through the participation of a number of key investment groups including the Sierra Club Foundation, Wallace Global Fund, the John Merck fund. The day before the UN Climate Summit, the Divest-Invest coalition announced some major investors have joined their campaign to divest from fossil fuel and help halt climate change. One of those groups is the Rockefeller Brothers Fund.
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