Global Divestment Movement Celebrates Milestone: 1,000 Institutions With Nearly $8 Trillion in Assets Have Vowed to Ditch Fossil Fuels

The Overpass Light Brigade at Bascom Hall in Madison, Wisconsin on April 4, 2014. While the COP24 climate talks are at risk of ending without a concrete plan of action thanks in large part to the Trump administration’s commitment to a dirty energy agenda, environmental groups on Thursday celebrated a major milestone in the global movement to take down the fossil fuel industry after the number of public and private institutions that have vowed to divest from oil, gas and coal companies surpassed 1,000. "When this movement started in 2012, we aimed to catalyze a truly global shift in public attitudes to the fossil fuel industry, and people’s willingness to challenge the institutions that financially support it," May Boeve, executive director of 350.org , said in a statement . "While diplomats at the U.N. climate talks are having a hard time making progress, our movement has changed how society perceives the role of fossil fuel corporations and is actively keeping fossil fuels in the ground." According to 350, the institutions that have committed to divesting from fossil fuels hold nearly $8 trillion USD in combined assets. The 1,000th institution to vow to divest was Caisse des dépôts et consignations […]

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