Is Oil & Gas the New Tobacco? Fossil Fuel Divestment Movement Reaches New Milestone


Democracy Now!

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.

Global Climate Change
Environment Ethics
Environment Justice

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