An ‘Undeniable Success’: Divestment From Fossil Fuels Passes $5 Trillion
By Andrea Germanos for Common Dreams - The value of funds making the commitment has doubled in size since September 2015. Marking the divestment movement's "undeniable success," a new report shows the value of funds controlled by individuals and institutions who have vowed to dump their fossil fuels assets now surpasses $5 trillion. 350.org co-founder Bill McKibben said the "news is mammoth." The report (pdf) by Arabella Advisors for the Divest-Invest Network shows that the value of global funds making the commitment—now at about $5.2 trillion—has doubled in size since September 2015...