Fossil fuel divestment
Fossil fuel divestment is the removal of investments from companies involved in extracting fossil fuels, in an attempt to reduce global warming by tackling its main cause.
Quotes
- The logic of divestment couldn't be simpler: if it's wrong to wreck the climate, it's wrong to profit from that wreckage.
- Bill McKibben, "The case for fossil-fuel divestment", 22 February 2013.
- We see this as both a moral imperative and an economic opportunity.
- Stephen Heintz, president of the Rockefeller Brothers Fund, on divesting from fossil fuels, 30 September 2014. Cited in Tim Flannery, Atmosphere of Hope, 2015, pages 117 (ISBN 9780141981048).
- I think this is part of a process of delegitimising this sector and saying these are odious profits, this is not a legitimate business model.
- Naomi Klein, cited in The Guardian, 2014.
- This Agreement [...] aims to strengthen the global response to the threat of climate change, [...] including by [...] Holding the increase in the global average temperature to well below 2 °C and [...] Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
- United Nations, Paris Agreement, article 2, 2015.
- It is clear the transition to a clean energy future is inevitable, beneficial and well underway, and that investors have a key role to play.
- Ban Ki-moon, secretary-general of the United Nations, cited in The Guardian, 2016.
- Reasonably, all these investments are financial dead-ends or ecological disasters.
- Jacques Dubochet, Parcours, Éditions Rosso, 2018, page 145 (ISBN 9782940560097).
- We need to rapidly shift away from our dependence on fossil fuels. [...] Nothing less than our future and the fate of humankind depends on how we rise to the climate challenge.
- António Guterres, secretary-general of the United Nations, cited in The Guardian, 10 September 2018.