Divestment is simply the opposite of investment – it means getting rid of stocks, bonds or investment funds that are unethical.
The aim of the divestment campaign is to weaken the political influence of the fossil fuel industry, which keeps holding back action on climate change. Every time an institution publicly breaks its ties with fossil fuel companies, we chip away at their social license to carry out their immoral business plans.
The Fossil Free campaign wants institutions to immediately freeze any new investment in fossil fuel companies, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years. 200 publicly-traded companies hold the vast majority of listed coal, oil and gas reserves. Those are the companies we’re asking our institutions to divest from.