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Speech by Sophie Prize Winner Bill McKibben

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If you think about it, investing in fossil fuel at this point is a bet that the world will do nothing to act on climate change. That's an immoral bet. And it's also a bet that keeps governments from providing the leadership they should. We need Norway to act as the great leader it can be. That wealth carries responsibility, and that the wealth was built on the hydrocarbons now endangering the planet makes the responsibility all the greater. As the Zero Emissions Resource Organization puts it in a study to be released next week, With an 80+ year investment horizon and a duty to "safeguard Norway's wealth for future generations", the Norwegian Oil Fund represents the world's most compelling financial case for divestment from fossil fuel shares.

And if this country leads, then there is some hope many others would follow. Why you could be to the drive for a new energy paradigm as Petter Northug and Marit Bjoergen are to the Swedish ski team.

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Bill McKibben is the author of a dozen books, including The End of Nature and Deep Economy: The Wealth of Communities and the Durable Future. A former staff writer for The New Yorker, he writes regularly for Harper's, The Atlantic Monthly, and The (more...)

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