We love the Nobel Foundation and how its awards celebrate the greatest achievements by, and for, humankind. But there’s one thing we do not love: the Foundation’s investments in the fossil fuel industry are driving climate change. That’s why we call on the Nobel Foundation to take moral leadership and cut all its ties to the climate wrecking fossil fuel industry.
We call on the Nobel Foundation to:
Immediately adopt a new investment policy where financial investments that the Nobel Foundation manages are not allowed to be invested in companies that gain more than 5% of their revenue from coal, oil and gas
Adopt a plan for how to divest all assets within those companies within a 5-year period
Report the transition process in an open and transparent fashion
Publicly declare the Foundation will divest, i.e. clearly show the intention to completely cease with financial investments in the fossil fuel industry
“The whole of my remaining realizable estate shall be dealt with in the following way: the capital, invested in safe securities by my executors, shall constitute a fund, the interest on which shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit to mankind.” – Alfred Nobel
We actually really love and respect the Nobel Prize. Our aim is to get large institutions to publicly announce that they are taking a moral stand against fossil fuels, thus taking away a piece of their social license to operate.
…but why Nobel then as opposed to any other institution?
Nobel is seen by the public, and politicians (and us!), as a guiding light, showing the way forward for humanity. As such, we do not believe investments in fossil fuel companies, which are fuelling the climate crisis, are compatible with the foundation’s core aim: to bestow prizes upon those whose work is of the greatest benefit for mankind.
Why not just go directly for the fossil fuel companies? Wouldn’t that be more effective?
The nature of the international funding of fossil fuel companies is a complicated web. Divestment is a tool which has proven successful in other movements such as the anti-apartheid movement, and anti-tobacco.
We all live in the fossil fuel era, but it needs to come to an end, and soon – before more irreperrable damage is done to our world. Fossil fuels are the main driver of climate change, and other major catastrophes for society, such as oil spills, air pollution, contaminated drinking water from fracking, etc. Moreover, companies like ExxonMobil are facing charges for having deliberately misled the public, shareholders and governments over climate change science for decades to protect their profits.
But if it’s not a lot of money, will it really have an impact on the fossil fuel industry?
First of all, there is currently no limit on how much the Nobel Foundation could place in fossil fuels – and who would keep track of it? The sum could increase at any time, actually without Nobel Foundation knowing themselves since funds have long lists of companies invested. Secondly, what we’re looking for is for the Nobel Foundation to take a moral stance against the fossil fuel industry, and to encourage others to do so. Nobel as a moral authority makes this about much more than a number.
I have another question!
Ask away! contact[a]divestnobel.org
Divest Nobel Updates
december 29, 2017
2017 highlights – a year in review
A year packed with bold climate actions against the fossil fuel industry and a growing movement telling its own stories of impacts and resistance at the frontlines of climate change in new and inspiring ways.
december 18, 2017
God jul och fossilfritt nytt år
Film och bilder från den sista aktionen i år – ett luciatåg för Nobelstiftelsen mot fossilfria investeringar. Snart ses vi igen!
december 8, 2017
Don’t let Nobel Prizes finance climate change
The Nobel Foundation can be really important in this fight by pushing for a fossil free and 100% renewable future. If the Nobel Foundation divests from fossil fuels it will be a strong signal and a wake-up call for people and institutions around the world
december 8, 2017
Låt inte Nobelprisen finansiera klimatkrisen
Nobelstiftelsen är en viktig aktör för klimatet, inte på grund av summorna man investerar, utan för att människor världen över respekterar stiftelsen och Nobelprisen.
november 20, 2017
Ljus i mörkret – Luciatåg mot den fossila eran
Under årets Nobeldag vill vi vara ljuset ljuset i klimatmörkret. Nobelstiftelsen har en unik chans att klippa banden med fossilindustrin, och genom sin internationella ryktbarhet se till att världen rör sig bort från kol, olja och gas.
november 9, 2017
Nobel Foundation divests from nukes and another prize winner joins the campaign
As positive news about the Nobel Foundation’s investments come through, Joachim Frank (Chemistry 2017) joins the call on the foundation to divest from fossil fuels
november 9, 2017
Nobelstiftelsen divesterar ur kärnvapen och ännu en pristagare sluter upp
Samtidigt som Nobelstiftelsens positiva nyhet så blir Joachim Frank, Kemi 2017, den tjugonde Nobelpristagaren att sluta upp bakom kravet på divestering ur fossila bränslen.
oktober 5, 2017
Prize-winning protests during Nobel week
Last year’s protests made the Nobel Foundation invite us to a meeting to discuss divestment. But we haven’t seen any decision yet, so for this year’s week of announcements we wanted to be even more visible.
oktober 5, 2017
Prisvinnande protester under Nobelveckan
Förra årets protester fick Nobelstiftelsen att kalla kampanjen till möte för att höra mer om divestering. Men än har inget beslut kommit, så inför årets nobelvecka var vi redo att synas ännu mer.
maj 9, 2017
Divest Nobel iscensatte översvämning i Gamla stan
Som en del av Global Divestment Mobilisation så iscensatte kampanjen Divest Nobel en översvämning på Stortorget i Gamla Stan – precis framför Nobelmuseet.