AUGUST ECO-CHALLENGE: Divest from Fossil Fuels & Invest in Solutions
Burning the fossil fuel that corporations now have in their reserves would result in emitting 2,795 gigatons of carbon dioxide — five times the safe amount. As Desmond Tutu states, “people of conscience need to break their ties with corporations financing the injustice of climate change”. By divesting now you can protect yourself from an oncoming ‘carbon bubble’ that is predicted as fossil fuel assets become stranded and worthless in the financial marketplace.
Take the pledge to divest from fossil fuels and move our collective buying power to a sustainable and equitable new renewable energy economy.
Click here to sign the Go Fossil Free: Divest-Invest Pledge!
And please share it with friends!
The Pledge: I pledge…
Where I have direct control over the individual companies I invest in, I will:
1. Make no new investments in oil, gas, and coal companies, especially the top 200 reserve owners.
2. Sell investments in oil, gas, and coal companies, especially the top 200 reserve owners, within 3-5 years.
3. Invest in a sustainable and equitable new renewable energy economy.
4. Strive to make personal choices in everyday life that reduce dependence on fossil fuels.
Where I do not have direct control over the individual companies in my investments–such as in an employer 401K, mutual fund, or ETF–I pledge to invest in fossil free alternatives as soon as suitable options become available. I will call on my employer or fund manager and encourage them to provide such options. If I intend to engage in shareholder advocacy, I may retain a small share for that purpose.
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.
350 Colorado is hosting workshops and working with local financial experts to develop information booklets on why and how to divest from fossil fuels and reinvest in solutions. Please check our calendar of events for upcoming workshops, check back to our webpage as we will be adding additional resources and information periodically, or contact us if you would like more information.. Click here to learn more about local solutions and how to Fossil Free Your Life.
Thank you for taking action!
350 Colorado Team