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. And all of this is happening at a pace and magnitude far beyond the previous expectations of scientists. We need very swift action on climate change, not words.
We know who is responsible: the fossil fuel industry knowingly perpetuating the climate crisis. Fossil fuel companies have spent the last half a century funding climate denial front groups and orchestrating a campaign to sow deception and block climate action.
It is investments in the fossil fuel industry that funds climate impacts. That’s why our governments, universities, religious organisations, cultural institutions, individuals, and others, must divest and cut ties with this rogue industry in order to curb the worst of future impacts of climate change. We must use every tool in our arsenal to act on the climate crisis. The global divestment mobilization will demonstrate our global power and strengthen national and regional divestment efforts.
After more than two years since the last Global Divestment Day (February 2015), the time is ripe to connect and energise the global divestment movement with new campaigns and new regions that have joined the movement since then.
Divestment is an effective tool as it stigmatises the fossil fuel industry, highlights its responsibility in driving climate change and weakens its political power. During the Global Divestment Mobilisation our goal is to solidify the association between climate impacts and the moral urgency to divest from fossil fuels; and to build momentum for divestment in new regions.
- Immediately freeze any new investments in fossil fuel companies.
- Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
- Cut sponsorship ties with fossil fuel companies
In 2015 Global Divestment actions were focused on highlighting the issue of the carbon bubble and stranded assets, and signaling the necessary shift from fossil fuels to renewables. Since that time, this aspect has become well heard and repeated by bankers and economists, even those that are not active in relation to the climate crisis. Now it’s time to highlight the impacts of fossil fuels on our planet and to demand action that is rooted in the moral argument that investing in fossil fuels is not only a financial risk but also risking the lives of human beings
Start your own event! Click here for action ideas for what you can do where you live. No matter if it’s your first time organising or not, we invite anyone, anywhere to take the lead. Join in here.
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The Global Divestment Mobilization (GDM) is a project of 350.org. The actions and events around the world are being organised by hundreds of global, national and local partners and groups.