The heat wave this past week really got to me. We don’t have air conditioning in our home, and even if we did, it would be great to insulate our windows to reduce the load on the a/c units and power supply. That’s why I got busy yesterday on a project I’ve meant to do for quite some time: making insulated drapes. As climate change’s weather weirdness intensifies, we’re likely to get MORE of these intense heat days. So now…
We are continuing our series on the 7 Aspects of Divestment from Fossil Fuels, a powerful tool to combat global warming. Name and Shame The Carbon Underground 200 is a list of the 200 worst offenders – the top 100 public coal companies globally and the top 100 public oil and gas companies globally, ranked by the potential carbon emissions content of their reported reserves.
Bank of America, Citigroup, and JP Morgan Chase rank as the top-three financiers of mountaintop-removal coal mining and coal-fired power plants in the US, according to a report by the Sierra Club, Rainforest Action Network, and BankTrack. If your organization banks with one of these corporate mega-banks, its money is supporting fossil fuels.(i)
Divestment is the opposite of investment: you can think of it like “uninvesting.” To divest from fossil fuels means to sell all the oil and gas company stocks in your investment portfolio (or your university’s portfolio, or your faith community’s portfolio, or your city’s portfolio…). Every day, the fossil fuel industry moves steadily closer to killing the planet and rendering humanity extinct. It has already begun: People are dying from climate-change-driven storms and diseases. From farmland to fisheries, people’s livelihoods…