27 Sep '14, 12pm

Billionnaires against fossil fuels - The divestment movement comes of age - The Ecologist

Billionnaires against fossil fuels - The divestment movement comes of age - The Ecologist

Records show that 181 institutions and local governments and 656 individuals representing over $50 billion dollars have pledged to divest to-date. The latest fund to announce its divestment from fossil fuels is none other then the heir to the Rockefeller fortune, built on oil and coal. Coinciding with today's UN Climate Change Summit in New York, the Rockefeller Brother's Fund said that not only would it pull vast sums of money out of fossil fuels, but that it would funnel the money into clean energy. This latest announcement is further evidence that the divestment movement is unstoppably gaining traction and snowballing, fast. Institutions across the globe have begun to pledge to divest from fossil fuels in support of the climate change campaign. This list includes the British Medical Association and the Church of Sweden. The combined asset size of the 837 institutions an...

Full article: http://www.theecologist.org/News/news_round_up/2571625/bi...

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