Divestment is simply the opposite of investment – it means getting rid of stocks, bonds or investment funds that are unethical.
The business plan of the fossil fuel industry is in no way compatible with a safe climate. We can hardly burn any more fossil fuels to keep global warming below the limit of 1.5℃, which governments set through the Paris climate agreement.
Unless coal, oil and gas production currently in operation is retired early, emissions from existing projects will push global temperature rise past 2℃. That means we cannot open any new fossil fuel projects and need to phase out existing ones.
Stand up for a fossil-free East Asia
2016 was the hottest year in history. From record heat and extreme floods and droughts, to stronger and more frequent storms, climate impacts continue to devastate the livelihoods of communities all around the world, disproportionately threatening those who have done the least to contribute to the crisis. All of this is happening at a pace and magnitude far beyond previous scientific predictions.
350.org Japan calls for action to to keep the world on track for below 1.5°C degrees in Tokyo, Japan. December 2016
We know who is responsible: in the last half century the fossil fuel industry has been knowingly perpetuating the climate crisis. Fossil fuel companies have spent decades funding climate denial front groups and orchestrating a deception campaign to block climate action. It is continued investments in the fossil fuel industry that fund climate impacts.
East Asia is a critical region because it hosts many energy projects that extract and burn fossil-fuels to the detriment of the communities and ecosystems that host those destructive facilities particularly in places like Indonesia, Vietnam and the Philippines. At the same time some of the biggest funders and consumers of fossil-fuel energy are also located in the region, namely Japan, China and South Korea, driving further warming while harming the health and livelihood of communities.
Climate impacts are taking us into uncharted territory and climate action by governments is not happening quickly enough to ensure we avoid the worst impacts of the climate crisis. Divestment from fossil fuels and re-investing in sustainable energy solutions is a concrete way to expedite the response and actively build the world we need where people and planet are safeguarded.
This is why we need you to join the growing divestment movement as thousands come together on May 5-13 for Global Divestment Mobilization to take action and demand institutions and individuals do what is necessary for climate action by divesting from fossil fuels.
During the Global Divestment Mobilization we will directly challenge the social license of the fossil fuel industry and break the climate deadlock before it’s too late. Together, we will begin to make fossil fuels history.
350.org Vietnam at the 2015 Global Divestment Day action in Ho Chi Minh City, Vietnam. February 2015
Visit the website below for more information on our work in the region: