/r/divestment

Photograph via snooOG

The divestment movement has swept across over 400 college campuses in the last few years and is spreading to cities, churches and other institutions. Here is a place that we can post ideas, organize and share resources. Towards a fossil free world!

The divestment movement has swept across over 400 college campuses in the last few years and is spreading to cities, churches and other institutions. Here is a place that we can post ideas, organize and share resources. Towards a fossil free world!

Smokey says: join us on our journey to a sustainable future! [see more tips]

We have great ideas popping up all over the country. Nobody should feel like they're starting at square one when they start a divestment campaign. This is our forum to build a wealth of information for anybody leading, starting or fighting a campaign.

Divestment is about defeating the fossil fuel industry's stranglehold on our governments but it is also about challenging the culture of passivity that surrounds climate change. This will be the defining issue of our generation and it's time we recognize it. Whether you believe divestment is the right way or the wrong way to combat climate change, it's impossible to argue that it hasn't already led to important and new conversation and organization.

Introduction thread. Say hi to everyone!

Ideas for posts

  • Pictures from events
  • Planning documents for events
  • Ideas for campus events or nationwide events
  • Resources that support divestment
  • Resources that argue against divestment
  • FAQs about divestment
  • Suggestions for campaign organization
  • Anything you find constructive!

Suggested Reading and Information

Perspectives from Investment Managers

Resources

Related Links

Related Subreddits

And the environment Big List of Related Reddits

Please maintain reddiquette
1) Please make sure that posts are constructive and solution-oriented.
2) Please do not use oppressive language towards gender, race, ethnicity or pretty much anybody.


Note: If you are looking for divestment against Israeli Apartheid check out /r/BDS. While we are not affiliated with them we do express solidarity.

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/r/divestment

924 Subscribers

2

Get Our Money Out Now

The FF industry and its Republican supporters have had success in their recent pushback on our actions to end carbon emissions. From the Emirates and Saudi's COP 28 success in hanging onto their oil dependent economy.... ... to Comptroller Dinapoli's 'tenth of a loaf' hand out to reduce emissions from his massive carbon investments ... to Wall Street's tail between its legs retreat from their 'Climate Action 100+ .. better than nothing.. greenwashing system ... to Insurers secretly backing the Methane Gas boom in the US gulf south,

In this dark moment we stand in awe of humanity's failure to address the accelerating climate chaos of our own making.... ... our pathetic clinging to 'total production/total consumption' as the right of humans above all other life ... our unwillingness to recognize climate science's recent forwarding of the climate clock to chaos time! ... our unwillingness to regulate growth and stand up politically to avoid the "world's greatest fear.................... " https://billmckibben.substack.com/p/oof-a-small-step-forward-and-then https://www.nytimes.com/2024/02/15/opinion/truth-climate-future.html https://www.nytimes.com/2024/02/22/opinion/vegas-sphere-energy-efficiency.html https://www.nytimes.com/2024/02/22/opinion/environment/climate-change-death-toll.html

But we must also see that: The Fossil Fuel industry, which built its corrupt wealth and power by denying its own climate science, is now resorting to magical thinking in its desperate path for survival. Its politically amplified 'pushback' represents a rising fear as its demise from a 100 years of growth is now visible on the horizon with hedge fund vultures circling overhead.

The IEA reaffirms that 'Peak Oil Demand' driving Fossil Fuels' steady decline is the financial future. https://time.com/6768028/fatih-birol-transform-iea-clean-energy/ https://www.nytimes.com/2024/02/22/climate/oil-companies-trends-stocks.html https://www.washingtonpost.com/opinions/2024/01/18/climate-chae-target-missing-global-action/

"Get our money out now!"

1 Comment
2024/02/26
20:30 UTC

1 Comment
2024/02/22
15:29 UTC

3

New York State Restricts Investments in ExxonMobil, But Falls Short of Divestment.

1 Comment
2024/02/17
03:28 UTC

3

New York State Common to divest $26.8 million from 8 oil companies, including Exxon

1 Comment
2024/02/16
02:57 UTC

1

NY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions Restricts Investments in Eight Oil and Gas Companies, Including ExxonMobil Doubles Sustainable & Climate Solutions Investments Commitment to $40 Billion

2 Comments
2024/02/15
15:06 UTC

2

New York State Common Retirement Fund takes action to protect New Yorkers from further losses from oil and gas company investments

1 Comment
2024/02/15
17:23 UTC

3

Will New York State Divest From Big Oil? The manager of the state’s largest pension fund is expected to decide soon whether to sell shares in Exxon, Chevron and other major oil companies.

New Yorkers should call NYS Comptroller Tom DiNapoli at 866-961-4293 (direct office line is 518 474-4044) and tell him it is time to determine that Exxon, Shell, Chevron and the rest of the oil and gas companies are climate villains. “Please fully divest the state pension from oil and gas companies, especially Exxon. You need to stand up to the fossil fuel industry and stop investing in companies that knowingly drove climate change, which threatens the future of humanity. Please meet with DivestNY before you make your final decision.”

1 Comment
2024/02/13
15:56 UTC

3

The Dutch €238bn pension fund ​PFZW divests all but seven oil and gas companies

1 Comment
2024/02/08
20:15 UTC

2

Private Eyes Wide Shut: Private Equity Investments in Oil and Gas at Risk from Energy Transition

0 Comments
2024/01/30
03:54 UTC

3

ClientEarth issues stark warning to UK pension funds over climate risk. Non-profit group raises questions over fiduciary duty.

2 Comments
2023/12/26
03:46 UTC

1

Editorial: CalPERS must ditch fossil fuel investments. Its new ‘sustainable’ plan doesn’t do that.

0 Comments
2023/12/06
02:53 UTC

3

NYS Comptroller DiNapoli Must Divest from Exxon and Big Oil

0 Comments
2023/11/14
02:31 UTC

5

US students file complaints against six universities over fossil fuel investments. Students say that by investing in fossil fuels their schools are violating commitments to the public interest

0 Comments
2023/10/30
21:29 UTC

2

How London And Boston Are Using Their Financial Muscle To Divest From Fossil Fuels. The Mayors Of London And Boston Set Out A Vision For How Major Cities Can Lead The Way To Net Zero.

London and Boston are determined to lead through action, joining forces to champion a monumental initiative to preserve our future. C40, a global network of mayors of major cities, has established an agreement: divesting from fossil fuels, investing in a sustainable future, or the divest/invest accelerator. In this unprecedented collaboration, 19 cities, spearheaded by London, are advocating green finance, divesting from fossil fuels, and catalysing investment in climate solutions.

Together these cities represent more than 50 million people and over $360bn in assets under management.

1 Comment
2023/09/18
21:49 UTC

3

New York University will divest from fossil fuels in win for student activists. One of largest private universities in US, with endowment of over $5bn, takes steps to address climate crisis after years of student protest

1 Comment
2023/09/12
21:55 UTC

2

One person stopped California’s divestment from fossil fuels — again. The state's pension funds have an estimated $14.8 billion invested in fossil fuel companies.

0 Comments
2023/09/06
00:48 UTC

2

The database of fossil fuel divestment commitments made by institutions worldwide

0 Comments
2023/09/06
03:56 UTC

4

Divesting fossil fuels looms larger for more funds Climate action plans, public pressure push institutions to consider action

According to a divestment commitment database maintained by Stand.earth, a climate action advocacy group, 1,591 organizations worldwide with a collective $40.51 trillion in assets have publicly committed to some level of fossil fuel divestment. Pension funds represent 11.7% of those commitments, compared with 35.8% from faith-based organizations, 15.7% from educational institutions and 11.9% from foundations.

1 Comment
2023/08/30
02:43 UTC

1

Conoco deal triggers divestment alert from pension fund investors

ConocoPhillips has been put on divestment watch by some of Europe's biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.

1 Comment
2023/08/30
02:39 UTC

2 Comments
2023/08/22
02:45 UTC

2

NYC Pension Funds: Lawsuit Challenging Fossil Fuel Divestment is a “Waste of Time” and Courts Should End this “Drain on Public Resources”

1 Comment
2023/08/21
13:33 UTC

1

Divest NY: The Common Retirement Fund: It All Comes Down to Exxon — DiNapoli to Review Oil and Gas

0 Comments
2023/08/06
01:11 UTC

1

Divest or engage? Some investors are shifting their stance on fossil fuels companies Hearts, minds and markets are convincing some investors to divest oil and gas holdings. | July 26, 2023

1 Comment
2023/07/31
02:28 UTC

1

LA Times: Hoping fossil fuel giants will see the light on climate hasn’t worked. Change only comes with mandates and force.

1 Comment
2023/07/31
01:05 UTC

1

Divesting from fossil fuels could add billions to pension funds. University of Waterloo study reveals that US pension plans could have banked an extra $21 billion if they had acted a decade ago.

0 Comments
2023/07/31
00:58 UTC

1

Will California’s Largest Pensions, CalPERS and CalSTRS, Divest from Fossil Fuels?

Not this year.

2 Comments
2023/07/30
14:45 UTC

3

New York City Comptroller Brad Lander is divesting his city's pension funds from fossil fuels and investing in clean energy solutions -- but he can't do it alone.

0 Comments
2023/07/25
02:58 UTC

3

Seattle University First in the State to Divest from Fossil Fuels

0 Comments
2023/07/14
18:24 UTC

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