Global Divestment Movement 'Catches Fire' with Funds Worth $2.6 Trillion Shifting Assets

The number of institutions, individuals, and various funds divesting from the fossil fuel industry and invest in renewable energy and climate solutions has exploded, growing 50-fold in just one year and representing $2.6 trillion in assets, according to a new analysis released Tuesday.

“This movement has struck a chord with people across the world who care about climate change, and convinced some of the largest and most influential institutions in the world to begin pulling their money out of climate destruction.” 
—May Boeve, 350.org

Since the campaign began in earnest less than three years ago, the report shows, more than 400 institutions and over 2,000 individuals have pledged to divest from companies that derive profits from coal, oil, or gas.

Presented just months ahead UN climate talks in Paris and conducted by financial researchers at Arabella Advisors on behalf of the ‘Divest-Invest’ campaign—an effort driven by a coalition of climate action and public advocacy groups—the findings of the analysis (pdf) reveal enormous strides over a relatively brief period for the idea of transitioning investments as part of the fight against human-driven global warming.

“If these numbers tell us anything, it’s that the divestment movement is catching fire,” said May Boeve, executive director of 350.org, one of the groups most responsible for the international divestment push. “Since starting on the campuses of a few colleges in the U.S., this movement has struck a chord with people across the world who care about climate change, and convinced some of the largest and most influential institutions in the world to begin pulling their money out of climate destruction. That makes me hopeful for our future, and it’s sending a clear message to world leaders as they head into Paris: It’s time for them to follow suit, and divest our governments from fossil fuel companies too.”

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