In less than 5 years, the global fossil fuel divestment movement has won over 1000 commitments worth nearly $8trillion from institutions ranging from universities and banks, to the world’s largest sovereign wealth funds and major capital cities.
Research firm Corporate Knights revealed that the pension fund would be $22 billion richer had it divested from fossil fuel stocks in 2008. That’s almost $20,000 for of each of the pension fund’s 1.1 million members & retirees. It’s time to #DivestNY
New York City Mayor Bill de Blasio makes globally impactful announcement in the fight to stop climate change. NYC will divest $5bn from fossil fuels and launches litigation against some of the world largest oil companies.
At the Pathway to Paris climate concert at Carnegie Hall, 350.org founder Bill McKibben asked everyone to take a moment to write a note to Comptroller Stringer asking him to DivestNY from fossil fuels.