Divestment

Campus Divestment Activists Eye Fossil Fuel Profits On Stolen Land

February 10, 2024 Anita Hofschneider, Scheer Post. Organize! Divestment, Fossil Fuels, Indigenous Rights, Stolen Land, Student Activism

Samantha Gonsalves-Wetherell, a senior at the University of Arizona, has spent years urging university officials to take climate change seriously. As a leader of UArizona Divest, she and her classmates have been pushing the university toward three goals: to divest from fossil fuels by 2029; commit to no further investments in fossil fuels; and to implement socially responsible investing goals. “It’s hard to both combat the climate crisis and also fund it,” said Gonsalves-Wetherell. She has met with university officials to ask them what stocks the university has invested in and how much revenue oil and gas investments bring in.

Facing The Storm: An Interview With Mazaska Talks

December 27, 2023 Rae Rose, Last Real Indians. Strategize! climate crisis, Dakota Access Pipeline, Divestment, Indigenous Activism

I recently sat down with Rachel Heaton and Matt Remle as part of the Facing the Storm series focused on the Indigenous response to the climate crisis. The first question I asked Matt, Wakinyan Waanatan (his Lakota name), Hunkpapa Lakota was how he came to the direct action of divesting money from financial institutions to stop their funneling of funds into fossil fuel projects. Specifically, as a way to combat against the companies many abuses against our Indigenous nations, our Mother Earth, and the detrimental loss they cause of our finite resources in the current climate crisis. Matt said for him it actually began before the Dakota Access Pipeline and on a smaller scale during the early fight against the Keystone XL pipeline.

Anti-War Committee Launches Billboard Campaign For Divestment

December 20, 2023 Ashley Taylor, Fight Back News!. Resist! Anti-War, Billboard, Divestment, Israel, Minnesota, Palestine, US Imperialism

Minneapolis, MN – On December 18, the Minnesota Anti-War Committee held a press conference to proudly announce the installation of four billboards in Minneapolis and Saint Paul. These billboards will serve as a visual call to action, reinforcing the committee's demands: “Divest Minnesota from Israel” and “End U.S. aid to Israel.” Strategically placed, these billboards will be a powerful tool to amplify the Anti-War Committee's demands that Minnesota divest from Israel and for the U.S. to end all support for Israel's apartheid regime. Billboards will be Minneapolis at 515 Washington Avenue S; 815 Washington Avenue SE, and at 328 S 3rd Street. The Saint Paul billboard is at 2040 Marshall Avenue.

Pro-Palestine Dartmouth Students Want A ‘New Deal’ For Their School

November 7, 2023 Mel Buer, The Real News Network. Resist! Dartmouth, Divestment, Higher Education, Israel, New Hampshire, Palestine, Student Activism

Since October 7th, student activists on campuses across the country have been organizing rallies against Israeli apartheid and vigils for the thousands of Palestinians who have been killed by Israeli airstrikes in the Gaza Strip. Activists at Dartmouth College are among those groups, organizing a sustained vigil outside Dartmouth’s administration building, Parkhurst Hall. Days into the continuous vigil, student organizers released The Dartmouth New Deal, a document that outlined a progressive vision for the college and included explicit demands that Dartmouth divest itself from the military-industrial complex that enables Israeli Apartheid.

Italian Students Occupy University For Gaza

November 7, 2023 People's Dispatch. Resist! Divestment, Gaza, Israel, Italy, Palestine, Student Activism

On the morning of November 6, 2023, the students of the “Orientale” University of Naples, Italy, occupied their university to demand an immediate ceasefire in Palestine and the interruption of all collaboration of the Italian university with political, economic and military institutions of Israel. Since October 7, the Gaza Strip has been uninterruptedly under siege by the Israeli forces, aided by the silence and complicity of the United States, Western governments and, not least, the Italian government. The student declared: “What we are witnessing is a true genocide: while Gaza is cut off from food, water, fuel and medical supplies, the bombings continue day by day and indiscriminately, targeting homes, schools and hospitals.”

California Pension Funds Have Billions Invested In Fossil Fuel Companies Named In State’s Lawsuit

October 15, 2023 Dana Drugmand, DeSmog. Educate! California, Divestment, Fossil Fuels, Pension Funds

Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. In September, the state sued five oil majors and the chief industry lobby group to hold them accountable for climate change. Meanwhile, the California State Teachers’ Retirement System (CalSTRS) and California Public Employees’ Retirement System (CalPERS) — the nation’s two largest state public pension funds — are resisting calls to divest from fossil fuels, and legislation that would have directed the funds to divest has once again stalled. CalSTRS and CalPERS collectively have over $4.3 billion invested in Chevron, BP, ExxonMobil, ConocoPhillips, and Shell, a new analysis from Stand.earth and Climate Safe Pensions Network has found.

Public Pension Funds Have Lost Billions On Their Fossil Fuel Investments

June 29, 2023 Dana Drugmand, DeSmog. Educate! climate crisis, Divestment, Oil and Gas, Pensions

For U.S. public pension funds, divesting from oil, coal, and gas would result in overall higher financial value. That is the key takeaway from a new study examining the past decade’s portfolio performance for several of the largest public pension funds in the country. The analysis by researchers at the University of Waterloo, published today in partnership with the organization Stand.earth, has found that the total cumulative value of six major U.S. public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 million in earnings.

How Hospitals Betray The Public Trust With Fossil Fuel Pension Investments

June 26, 2023 Climate Safe Pensions Network and First Do No Harm Campaign, Stand.earth Educate! climate crisis, Divestment, Fossil Fuels, Health Care

The report focuses on fossil fuel investments in direct contradiction to the health sector leadership’s calls for decarbonizing the health sector, including a well-publicized “Call to Action” by the President of the National Academy of Medicine; to, widespread ‘sustainability’ commitments made across the sector’s 1,200 private hospital systems; and, to the voluminous body of research confirming a range of serious threats to public health from fossil fuel pollution and climate change. Healthcare pensions can and must divest from fossil fuels to protect our health and our frontline communities that are so disproportionately affected by the fossil fuel industry.

Protests As Trainings Are Growing This Fossil Fuel Divestment Campaign

May 26, 2023 Ray Bailey, Waging Nonviolence. Organize! Direct Action, Divestment, Philadelphia, Vanguard

On a cool, clear April morning just past 8 a.m., the sprawling corporate campus of the world’s second largest asset manager was suddenly roused from its suburban Philadelphia calm. While about 20 activists broke into song, unfurled banners, stepped into the road and began blockading Vanguard’s entrances, around 80 more stood by in support. The ensuing commotion snarled traffic around the borough of Malvern, eventually slowing the flow of rush hour on Route 202 as drivers craned their necks toward a fleet of beaming police cars. Before most Vanguard employees had fired off their first email of the day, 16 people — aged 22 to 84 — were zip-tied at the wrists and hauled off to Chester County Prison.

Inside The Bold New Push To Get Fossil Fuels Off Campus

May 13, 2023 Nick Engelfried, Waging Nonviolence. Strategize! Divestment, Fossil Fuels, Higher Education, Student Activism

From late November through early March of this year, visitors to the University of Washington Career Center in Seattle would have found students sitting in a circle on the floor, some doing homework on laptops as they participated in one of the longest-running recent climate protests at the school. Their goal: to convince the UW administration to establish a policy banning fossil fuel companies from coming to campus to recruit students to work for them. “We’re trying to dismantle the fossil fuel industry’s presence at UW and their hold on the larger American public,” said Brett Anton of Institutional Climate Action, or ICA, the Washington state-based student group that organized the sit-in.

BlackRock Security, NYPD ‘Brutalize’ Climate Protesters

April 30, 2023 Olivia Rosane, Commondreams. Resist! BlackRock, Divestment, Fossil Fuels, Police, pollution

BlackRock security guards and NYPD officers "brutalized" climate campaigners this morning, according to organizers, after activists succeeded in shuttering the entrance to the headquarters of the world's largest fossil fuel investor for three hours. Alice Hu, the senior climate campaigner for New York Communities for Change (NYCC), told Common Dreams that 11 out of 75 activists were arrested after storming the building with pitchforks and pouring fake oil to demand that the asset-management firm stop investing in fossil fuels. The advocacy group posted several videos on Twitter of first BlackRock security and then police officers "roughing up" the activists, including one elderly protester who they say was manhandled by police.

Third Act: Elders Occupy Chase Bank

March 22, 2023 Beyond Extreme Energy, Popular Resistance. Resist! Chase Bank, climate crisis, Divestment, Third Act

This morning, ten members of Beyond Extreme Energy and 3Third Act occupied a Chase Bank in Washington D.C. The activists sat down in the middle of the bank lobby, singing songs and reading a full indictment of Chase Bank for climate crimes. This action was done as a direct follow up to yesterday’s Rocking Chair Rebellion in which elders blockaded the doors of the same Chase Bank and a Wells Fargo with rocking chairs. The occupation lasted an hour and all ten activists were arrested. “Today we return to indict Chase Bank and its head Jamie Dimon for their role as the number one financier of fossil fuels globally.

Wall Street Lobbyists Admit Big Banks Don’t Plan To Honor Climate Pledges

October 14, 2022 Sam Knight, Truthout. Educate! Big Banks, climate crisis, Divestment, Propaganda

A trade association that lobbies on behalf of the largest banks in the United States told regulators that their members’ pledges to reduce investments in carbon-emitting industries are “aspirational,” implying that they shouldn’t be taken seriously by authorities. The Bank Policy Institute made the remarks in public comments on guidelines proposed earlier this year by federal bank regulators, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), on climate-related risk management. Specifically, the lobbying group rejected the notion floated by the agencies that regulations should ensure banks’ greenhouse gas commitments to the public “are consistent with their internal strategies and risk appetite statements.”

University Of Washington Moves To Divest From Fossil Fuels

September 10, 2022 Last Real Indians. Organize! Divestment, Fossil Fuels, Student Activism, Washington

After more than two years of pressure from student climate activists at the University of Washington, the University’s Board of Regents passed a resolution to divest the school's endowment, worth more than $6B, from the fossil fuel industry. The resolution, released last Friday, would move investments of around $124 million currently funding fossil fuel projects into "climate solutions." This move would add UW to a long list of public and private universities which have committed to removing investments in fossil fuel projects. “Moves like this are necessary to restore our faith in institutions during a crisis which will define the next several generations,” says Brett Anton.

Reality Is Not What It Seems And That Might Just Save the Climate

August 25, 2022 Clara Vondrich, DeSmog. Strategize! climate crisis, Divestment, Intersectionality, physics

Anti-science rhetoric and special interests have pushed us to the edge of climate chaos. But just as quantum physics disrupted our view of matter and energy, quantum social change disrupts our beliefs about what’s possible, how fast, and by whom. As the world gasped in wonder at the first images of our infant universe from the James Webb Space Telescope last month, we were reminded that human beings are still capable of acts that elevate us all and advance our collective potential. “[When] my grandchildren … look up at a star, point to it and say ‘there’s life!’ — that’s going to be a moment more profound than the Copernican moment that took Earth out of the center of the universe. It’s going to put an end to cosmic loneliness,” said project team member Natalie Batalha, a planet hunter and astronomer at UC Santa Cruz.

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