Monday, November 23, 2015

Take the Power Back




How ordinary people are mobilising to disrupt the fossil fuel industry by redirecting investment


The business of unearthing coal, oil, and gas reserves to power the world is a multitrillion-dollar industry. But scientists say that in order to avoid catastrophic consequences, at least two-thirds of these reserves need to remain underground to limit global warming to two degrees Celsius.

Ordinary people are joining forces to create a global grassroots movement, geared towards taking on some of the biggest organisations and encouraging them to divest: take their money out of the fossil fuels, and, in some cases, invest it in climate solutions. In the past three years, more than 400 institutions worth $2.6 trillion have pledged to divest, including the Rockefeller Foundation, an institution that made its fortunes from oil.

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