Suggested Reading: Fossil Fuel Divestment

Fossil Fuel Divestment 

I asked you to get vocal about the environment in Green Challenge #7. What exactly is going on right now in the world of environmental activism? I’ve already discussed Keystone XL and fracking on Viridorari, but there’s another big movement happening right now, and it’s gaining steam.

Fossil fuel divestment.

Divestment is the opposite of investment- it’s withdrawing current investments or avoiding investing in particular companies. Divestment was popular in the 1980’s to end apartheid in South Africa by withdrawing investments from companies that profited from South Africa. Although the actual economic impact of the South African divestment was minimal, it made a big statement to representatives and legislatures and paved the way for policy change.

And policy change is exactly what Bill McKibben and 350.org, the instigators of this movement, want. McKibben has recently been encouraging colleges and universities around the United States to divest their stocks in fossil fuel companies, in particular, the 200 companies on 350.org’s list. Even if the economic impact isn’t big, the social and moral statement will be. Many colleges boast their environmental friendliness on campus, but then don’t put their money where their mouths are when it comes to investments. (Visit 350.org's website here.)