Divestment - Kick Fossil Fuels to the Curb
Episode
37
Published:
Updated:
June 21, 2022
Listen in as Zach Stein from Carbon Collective explains divestment, its importance, and why it makes sense from both an environmental and financial perspective.
Listen in as Zach Stein from Carbon Collective explains divestment, its importance, and why it makes sense from both an environmental and financial perspective.
Option #1
Join 350.org or a related divestment focused organization who is helping grow the movement
350.org - Building a global climate movement.
Option #2
Divest your own financial portfolio of fossil fuels and ensure you are invested in solutions that help accelerate our transition to net zero.
Once you've divested your own investments, find out whether your company has divested their 401k or related employee retirement accounts
Renewables power nearly 100% of California for first time
According to California ISO (independent system operator), Sat Apr 30CA met 99.87% of demand with renewables
Broke previous record
Sources
California just shy of 100% powered by renewables for first time (desertsun.com)
Divestment totals
Texas passed law that prohibits banks from doing business with the state if they engage in boycotting fossil fuels
Decline of oil
In 1980, oil and gas sector held seven of top ten spots on S&P 500. Today, it holds none
Moody’s analysis warns of risks of coal divestment and that new oil/gas infrastructure will be more challenging
Shell noted the risk of divestment in its 2020 financial disclosures
Example entities committed to divest
Sources
Texas anti-divestment law against green investors stumbles : NPR
Divest-Invest-Program-FINAL10-26_B.pdf (divestinvest.org)