Published on Dec 2, 2015
The growing campaign for divestment from the gas, oil and coal companies reached a new milestone today. 350.org Executive Director Mary Boeve announced more than 500 institutions representing over $3.4 trillion in assets have now made at least a partial commitment to divest from fossil fuels. In France, 19 cities have just endorsed divestment, including Lille, Bordeaux, Dijon, Saint-Denis and Île-de-France. Last week, the French National Assembly adopted a resolution encouraging companies and local authorities not to invest in fossil fuels. Over the past few months, the global fossil fuel divestment movement has claimed a number of victories; Uppsala, Sweden and Munster, Germany divested from fossil fuels and the London School of Economics abandoned its holdings in coal and tar sands.