Banking on Divestment, a recent article in Alternatives Journal, explains how Canadian university students are demanding that their schools stop supporting fossil fuels. The article illustrates the important ripple effect that divestment from fossil fuels can have.
“The dollars are important but the economic impacts extend far beyond this,” says Cameron Fenton of 350.org. “Divestment starts to create uncertainty in the future of fossil fuel stocks and, more importantly, it can take away their social license to operate so that fewer investors will want to pick up their stocks. The goal is to turn big oil into big tobacco – a pariah industry that politicians can’t stand beside in good faith.”