Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

It's Time To Stop Investing In The Fossil Fuel Industry

By       Message Bill McKibben       (Page 1 of 1 pages)     Permalink    (# of views)   2 comments

Related Topic(s): ; ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 6/2/13

Author 50710
Become a Fan
  (20 fans)
- Advertisement -
Source: The Guardian

It makes no sense to pay for one's pension by investing in companies that make sure we won't have a planet to retire on
'Divestment in fossil fuels has turned into one of the fastest-growing protest campaigns in recent American history'.
"Divestment in fossil fuels has turned into one of the fastest-growing protest campaigns in recent American history." Photograph: Angel Zayas/Demotix/Corbis
- Advertisement -

Earlier this month, the trustees of the city graveyard in Santa Monica, California (final resting place of actor Glenn Ford and tennis star May Sutton) announced they were selling their million dollars worth of stock in fossil fuel companies. As far as I know they were the first cemetery board to do so, but they join a gathering wave of universities, churches and synagogues, city governments and pension funds.

In the last few months, fossil fuel divestment has turned into one of the fastest-growing protest campaigns in recent American history -- and it's already reached all the way to Australia, where portions of the Uniting Church have announced they'll sell their fossil fuel stock as well.

It's happening because it's one of the few ways for concerned people and institutions to take a stand on climate change, and confront the enormous power of the fossil fuel industry. But it's also happening because once you run the numbers, there's no way to escape the conclusion that this industry is now an outlaw industry. Not outlaw against the laws of the state -- they generally have a large hand in writing those -- but outlaw against the laws of physics.

- Advertisement -

Click Here to Read Whole Article

 

- Advertisement -

View Ratings | Rate It

opednews.com

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...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Movement to Divest from Fossil Fuels Gains Momentum

Idle No More, Think Occupy With Deeper Roots

We're not even close to being prepared for the rising waters

Global Warming's Terrifying New Math

Why the Planet Is Happy That Bernie Sanders Is Running for President

Why Dakota Is the New Keystone