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The Guardian’s Keep it in the Ground campaign is calling on the world’s two largest charitable foundations to divest from fossil fuels and reject a business model that puts the world on course for catastrophic climate change.
Anyone with a checking, savings or 401k account will almost certainly have money invested in oil, gas and coal companies. This money – your money – is being used by fossil fuel companies to identify further reserves that cannot be burnt if temperature rises are to stay within the 2C (4F) threshold essential to preventing dangerous climate change.
Fossil fuel companies are firmly embedded within the financial system, but it doesn’t have to be that way. Impact investment is taking hold and investors and financial institutions are beginning to understand the demand for financial products unconnected to fossil fuel companies.
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