Divest From Fossil Fuels

Planet Earth Weekly

By Lin Smith May 5, 2013—In the past 6 months organizers have begun campaigns on universities and in cities across the U. S. to divest in fossil fuels. Over 300 campuses and 100 cities are now looking at divesting and this movement has spread to Australia, Nederlands, and Britain. University students have stated, “It’s wrong for public institutions to teach and support environmental awareness but yet profit from damaging the environment.” The goal of the Divestment Campaign 350 is to “Challenge individuals and institutions to sell their stock in oil, gas, and coal producing companies because their current business model is leading to global catastrophe.” It’s the opposite of investment. It’s the movement currently taking place across the United States to divest their endowment funds from fossil fuels and place them in investments that support a healthy planet. What is a university endowment fund? Each university has money that is…

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