Divestment

Another Divestment Campaign Against Nuclear Gets Its First Victory

April 20, 2016 Martin Fleck, www.psr.org Resist! Divestment, Nuclear Weapons

By Martin Fleck for PSR - Mayor Denise Simmons of Cambridge, Massachusetts announced on April 2 that by unanimous City Council vote, Cambridge will divest its $1 billion pension fund from "any entities that are involved in or support the production or upgrading of nuclear weapons systems." Mayor Simmons announced divestment at an MIT symposium, Reducing the Dangers of Nuclear War, organized by The Future of Life Institute, where PSR Board Member and IPPNW Co-president Ira Helfand, MD delivered a plenary talk on the humanitarian impact of nuclear weapons.

Yale Divests $10 million From Fossil Fuels

April 18, 2016 Ayla Besemer and Finnegan Schick, www.yaledailynews.com Resist! Divestment, Fossil Fuels, Higher Education, Yale University

By Ayla Besemer and Finnegan Schick for Yale News - In a Tuesday letter to Yale’s Advisory Committee on Investor Responsibility, Chief Investment Officer David Swensen reported that after months of talking with Yale’s external investment managers about the potential risks associated with investments in coal and oil, around $10 million of the endowment has been removed from three publicly traded fossil fuel producers. Tuesday’s message follows a letter penned by Swensen in 2014, in which he asked Yale’s investment managers to consider climate change in their investment choices.

Columbia Divest For Climate Justice Protesters Plan Sit-In At Low Library

April 18, 2016 Catie Edmondson, Teo Armus, and Cauver Suresh, www.columbiaspectator.com Resist! Climate Change, Columbia University, Divestment, Student Protests

By Catie Edmondson, Teo Armus, and Cauver Suresh for Columbia Daily Spectator - Sixteen members of Columbia Divest for Climate Justice are conducting an indefinite sit-in inside Low Library to demand that the University divest from the fossil fuel industry. The group—which has been campaigning for this goal since its founding in fall 2012—may be in potential violation of the Rules of Conduct. While CDCJ had a meeting with Bollinger scheduled for Apr. 29, the group is demanding for Bollinger to meet with them immediately and issue a statement in support of divesting from the top 200 publicly traded fossil fuel companies.

UMass Officials Support Fossil Fuel Divestment Amid Student Protests

April 18, 2016 Amanda Hoover, www.boston.com Resist! Divestment, Fossil Fuels, Student Protests

By Amanda Hoover for Boston - University of Massachusetts officials announced Tuesday that they would back a policy for the university system to divest from fossil fuel companies after students occupied a campus administrative building. Fifteen protesters were later arrested after refusing to vacate the scene. “Throughout my career, I have stood for environmental progress and reducing the carbon footprint,” UMass President Marty Meehan said in a statement.

Divest Harvard Protesters Arrested At Investment Building

April 17, 2016 Luca F. Scroeder, www.thecrimson.com Resist! Climate Change, Divestment, Fossil Fuel, Harvard

By Luca F. Scroeder for the Crimson. Police arrested several members of the student activist group Divest Harvard after they staged a sit-in within the lobby of the Boston Federal Reserve Tuesday afternoon, protesting Harvard Management Company’s investment in the fossil fuel industry. Four members of Divest Harvard protested in the building, which houses HMC, the University’s investment arm that manages its $37.6 billion endowment. Members of Divest Harvard identified the arrested protesters as Naima Drecker-Waxman ’18, Applied Physics graduate student Benjamin Franta, School of Public Health student Rory Stewart, and Adam Cory Vander Tuig, a student at the Divinity School and Memorial Church seminarian. About 25 students, faculty members, and alumni who support Divest Harvard held a rally outside of the building at the same time.

#MillionStudentMarch: Time To Build Political Revolution!

April 7, 2016 Staff, www.studentmarch.org Organize! Divestment, Higher Education, Minimum Wage, Student Activism, Student Debt, Tuition

By Staff of Million Student March - On November 12, the first #MillionStudentMarch took place on 115 campuses across the country. On April 13th, we’re doing it again, this time joining forces with Black Liberation Collective, the group behind the Mizzou Movement, to say “no” to racism and student debt! Students nationwide will be coming together to challenge the racism of Donald Trump and the corporate establishment.

Factory Farming Divestment: What You Need To Know

March 5, 2016 Tom Levitt, www.theguardian.com Create! Animal Rights, antibiotics, Corporatism, Divestment, Factory Farming, Food and Agriculture

By Tom Levitt for The Guardian - The fast food chain Subway is latest to join the backlash against antibiotic use in the farm sector. It has launched a new chicken sandwich in the US made with meat from animals raised without antibiotics. The move is a sign of the growing consumer and business interest in the welfare and environmental impact of animals reared for meat, dairy and eggs, with most of the blame directed at intensive, factory-style farms. Hoping to echo the success of the fossil fuel divestment movement (which has seen more than 400 institutions commit to pulling money from coal, oil and gas companies to tackle climate change)...

BYP100 Agenda To Build Black Futures, Economic Justice Plan

January 17, 2016 Staff, www.byp100.org Strategize! Black Trans People, Black Trans Women, Black Women, Divestment, New Economy, Prisons, Racism, Reparations

By Staff for BYP100. As people across the world celebrate the life and legacy of Dr. Martin Luther King Jr. and take action to reclaim his legacy of radicalism, the Black Youth Project 100 (BYP100) announces its upcoming release of the Agenda to Build Black Futures. The Agenda to Build Black Futures, the organization’s second public policy agenda, is a platform for young activists seeking to create a new economy where young Black people can thrive. “For Black people living in America, there is no economic justice without racial justice. We live in a country that tells us that not all of us deserve to breathe, eat well or have access to water,” says BYP100 National Director Charlene Carruthers. We understand that Dr. King’s personal revolution sparked his commitment to economic justice. In doing so, a wider target was placed on his back. His last days were spent among street sanitation workers demanding dignity and fair pay for their work.

Bill Gates’ ‘Solution’ Misses Vital Part Of Equation

December 4, 2015 Alec Connon, www.popularresistance.org Resist! Climate Change, COP21, Divestment, Fossil Fuels, Gates Foundation

By Alec Connon for Popular Resistance. Paris, France - Bill Gates was a rare civilian among presidents and prime ministers at the opening session of the Paris climate talks on Monday. The reason that Mr. Gates was there, sharing a stage with the likes of President Obama and Prime Minister Modi of India, was that he was announcing his latest piece of entrepreneurial philanthropy: the Breakthrough Energy Coalition. Including 28 of the world's truly super rich, the raison d' etre of the Gates-headed coalition is to provide financial support to companies that bring innovative clean energy ideas to the marketplace. An initial two billion has been pledged, and that figure is expected to rise dramatically. The coalition was announced in tandem with the Mission Initiative, a commitment that has been made by 20 nation-states, including China, the US and India, to double their investments in clean energy research and development.

More Than $3.4 Trillion In Assets Vow To Divest From Fossil Fuels

December 3, 2015 Zahra Hirji, www.insideclimatenews.org Resist! Divestment, Fossil Fuels

By Zahra Hirji for Inside Climate News - More than 500 institutions representing about $3.4 trillion in assets have agreed to sell their investments in fossil fuel companies, divestment leaders announced on Wednesday, a nearly 24 percent increase since the movement last announced its commitment list in September. European insurer Allianz, the city of Oslo, Norway, and the London School of Economics are among the latest institutions, communities and individuals to pledge to divest at least partially from coal, oil and natural gas companies, members of the green group 350.org and nonprofit Divest-Invest said at a press conference in Paris.

Stanford Students Begin ‘Indefinite’ Sit-In Over Fossil Fuel Divestment

November 18, 2015 Zoë Corbyn, www.theguardian.com Resist! Divestment, Fossil Fuels

By Zoë Corbyn for The Guardian - Stanford University students have begun an indefinite sit-in to protest against the institution’s investments in fossil fuels. According to protest organisers, more than 100 students attempted to enter the main administration building and office of the president on Monday afternoon. The students have been locked out but say they have encircled the building and will camp out there until Stanford acts on their demand to “completely divest” its financial holdings from the fossil fuel industry. They are demanding action before UN climate negotiations in Paris at the end of November.

A Kayak For Bill And Melinda

November 11, 2015 Alec Connon, www.facebook.com Resist! Divestment, Fossil Fuels, Gates Foundation

By Alec Connon for Gates Divest - In the last 12 months the fossil fuel divestment movement has not so much grown as exploded. Over $2.6 trillion has now committed to divestment, including commitments from venerable institutions such as Stanford University, the University of Washington, the British Medical Association and the World Council of Churches. High-profile supporters of divestment include luminaries such as the UN Secretary General, Ban KI-Moon, World Bank Chief, Jim Yong Kim, Archbishop Desmond Tutu and Prince Charles.

Kayaktivists Tell Gates Foundation ‘Divest’

October 25, 2015 Staff, www.popularresistance.org Organize! Climate Change, Divestment, Fossil Fuels, Gates Foundation

By Staff of Popular Resistance with information from GatesDivest.org. Seattle, WA - Kayaktivists took to the waters of Lake Washington on Saturday, Oct. 24 to visit the mansion owned by Bill and Melinda Gates. They brought an empty kayak for Bill and Melinda in case they decided to join the action. The main focus of the action was to encourage the Gates Foundation to be a world leader by divesting from fossil fuels. It is part of a new campaign, #GatesDivest, that was started earlier this year by Seattle activist Alec Connon.

The Sound Of Science, Divest For Our Future, Trade 4 People & Scream At Me

October 8, 2015 Eleanor Goldfield, www.occupy.com Resistance Report Climate Change, Divestment, Free Trade, Racism, TPP, TTIP

By Eleanor Goldfield for Occupy.com - This week, it's about time we hear about climate change – but really hear it. Does freedom mean the right to refuse to serve people because of race or other aspects of someone you don't like? Is that what freedom means? Music can turn abstract numbers of climate change into something we can feel and hear. Here's how a group of musicians turns the last 130 years of climate data into climate music. Victoria Fernandez from 350.org dishes on the political and public effects of divestment – uninvesting money invested in carbon fuels – surprising, but money matters. Bravo to those who shut down the San Francisco financial district over climate change investments. Then starting October 10, we've got a week long, international push for people and planet and against the corporatocracy. Action required immediately: Time to stop those trade deals. Sweden deserves a shout out for plans to go carbon free and move to renewable energy. And finally, scream for me -- join the Rooftop Revolutionaries montage of screams. But first, we reserve your rights.

Largest Coal Port In World Votes To Divest From Carbon

August 27, 2015 Amanda Saunders, www.smh.com.au Resist! Coal, Divestment, Fossil Fuel

By Amanda Saunders in The Sydney Morning Herald - Newcastle, home of the world's biggest coal port, has joined the global fossil fuels divestment push after the city's council voted on Tuesday night to exit holdings in the big four banks if they continue to fund fossil fuels projects. About 80 per cent of the City of Newcastle Council's $270 million investment portfolio is held in the big four banks, mostly through term deposits. Those investments are spread evenly across the big four. But after the council passed a motion on Tuesday night, six votes to five, it will dump holdings in the banks for more "environmentally and socially responsible" institutions when deposits come up for renewal. This will be done only if the rate of return is comparable with the council's holdings in the big four and the council's credit rating criteria is met.

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