14 Feb '15, 11am

.@350's response to the UK #coal announcement #divest

London, UK — As people around the world hosted hundreds of rallies for the first ever Global Divestment Day, political leaders in the United Kingdom made an announcement that should send shockwaves through the fossil fuel industry. Together, the Prime Minister, Deputy Prime Minister and the Leader of the Opposition pledged to work across party lines to end the use of “unabated coal for power generation,” agree on domestic carbon budgets, and work towards a climate agreement that limits global temperature rise to below 2°C. The announcement is welcome news for the growing fossil fuel divestment movement, however activists are insistent that clear timelines must accompany the pledge. “By committing to phase out coal, the UK is sending a powerful signal to investors the world over: the age of fossil fuels is coming to an end and investing in these companies is seen as increas...

Full article: http://350.org/press-release/350-org-uk-climate-pledge-sh...

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