If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. We believe that educational and religious institutions, governments, and other organizations that serve the public good should cut their ties to the fossil fuel industry.
Fossil fuels companies cultivate sponsorship relationships to help create a ‘social licence to operate’. This contributes to the veneer of legitimacy that enables them to keep expanding operations at a time of climate crisis and to stifle the demands for justice of those communities who live on the frontline of their destructive, polluting operations.
We are an international network of campaigns and campaigners working toward freeing communities from fossil fuels. While each campaign is independently run and may bring different emphases and asks depending on their local context, the majority of campaigns are asking institutions to:
- Immediately freeze any new investment in fossil fuel companies;
- Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years
- End their fossil fuels sponsorship
Most campaigns use this list of the top 200 fossil fuel companies by reserves.
You can read more about what divestment is and how it has historically been used as a tactic for social change here.