Climate change can be tackled using a very simple idea – divestment. It means taking your money away from companies involved in extracting fossil fuels.
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Here, Guardian journalist and US author Bill McKibben explains where the idea came from; why it’s been central to any environment solution; its successful application in history; and the extent to which this exciting socially-driven movement will help add crucial pressure for change on business leaders and politicians the world over.
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Video Rating: / 5
Glad to hear that the Catholic Churches are committing to divestment!
Go ahead -divest. Someone else will benefit from the dividends while you loose scholarships and have to make up the difference with higher tuitions.
Brilliant!
Better yet, stay home. Don't waste energy going to school or work.
Considering fossil fuels are the foundation of the modern world, and make it possible for the world to support 7 billion people. To be true to your intentions, you can't invest in anything. You can't even keep paper money and coinage because fossil fuels are used to make them.
What about using products and services that use fossil fuels? Stop buying car that run on gas. No more using airplanes, boat and trains for travel for they all used fossil fuels. Don't buy any products online or stores. After all they are transported with the use of fossil fuels. Hell by making this video and me commenting on it we used electricity with is powered by fossil fuel. Maybe instead of divestment maybe everyone used alternative power supplies and invest in them. That would work way better than divestment.
Fucking hypocritical conservaturds:
why do those wanting to install a gas-powered water heater in the US get a fucking FREE $500 rebate?
Fucking conservaturds just want to spend, spend, spend.
Those of us who want to install electric-powered water heaters should get paid MORE than freeloaders who want free gas.
I hop you lose your a threat I like fossil fuels so fuck you like using tv or cars no electric cars because so small and stupid and you are too
Libtards.
You make it sound like it is the company's fault where all there do is filling a need for fossil fuels for cars, generators and power plants if they didn't most of the world would shut down as that is the main provider of electricity and eco friendly electricity just will not cut it yet we need to put more money in to new environmentally friendly energy
Signed the petition! I'm tired of people not giving two shits about the environment and nature and love this movement guardian is attempting to start! LEAVE IT IN THE MOTHERFUCKING GROUND!!
I agree it would be best to leave oil in the ground – I agree it would be a good thing if we pressured multinational corporations to respect our biosphere – what this "clips" has done is state the obvious without giving an alternative – how else will we make plastics etc ??? … What is their alternative to oil which makes these products? Which of these products would you be willing to give up in order to stop the refining of oil? Here is a small partial lists – please feel free to pick from below and stop consuming these items today.
Solvents
Diesel fuel
Motor Oil
Bearing Grease
Ink
Floor Wax
Ballpoint Pens
Football Cleats
Upholstery
Sweaters
Boats
Insecticides
Bicycle Tires
Sports Car Bodies
Nail Polish
Fishing lures
Dresses
Tires
Golf Bags
Perfumes
Computers
Dishwasher parts
Tool Boxes
Shoe Polish
Motorcycle Helmet
Caulking
Petroleum Jelly
Transparent Tape
MP3 Player
Faucet Washers
Antiseptics
Clothesline
Curtains
Food Preservatives
Basketballs
Soap
Vitamin Capsules
Antihistamines
Purses
Shoes
Dashboards
Cortisone
Deodorant
Footballs
Putty
Dyes
Panty Hose
Refrigerant
Percolators
Life Jackets
Rubbing Alcohol
Linings
Skis
TV Cabinets
Shag Rugs
Electrician's Tape
Tool Racks
Car Battery Cases
Epoxy
Paint
Mops
Slacks
Insect Repellent
Oil Filters
Umbrellas
Yarn
Fertilizers
Hair Coloring
Roofing
Toilet Seats
Fishing Rods
Lipstick
Denture Adhesive
Linoleum
Ice Cube Trays
Synthetic Rubber
Speakers
Plastic Wood
Electric Blankets
Glycerin
Tennis Rackets
Rubber Cement
Fishing Boots
Dice
Nylon Rope
Candles
Trash Bags
House Paint
Water Pipes
Hand Lotion
Roller Skates
Surf Boards
Shampoo
Wheels
Paint Rollers
Shower Curtains
Guitar Strings
Luggage
Aspirin
Safety Glasses
Antifreeze
Football Helmets
Awnings
Eyeglasses
Internet Cables/ wifi
Toothbrushes
Ice Chests
Footballs
Combs
Cell Phones
Paint Brushes
Detergents
Vaporizers
Balloons
Sun Glasses
Tents
Heart Valves
Crayons
Parachutes
Telephones
Enamel
Pillows
Dishes
Cameras
Anesthetics
Artificial Turf
Artificial limbs
Bandages
Dentures
Model Cars
Folding Doors
Hair Curlers
Cold cream
Movie film
Soft Contact lenses
Drinking Cups
Fan Belts
Car Enamel
Shaving Cream
Ammonia
Refrigerators
Golf Balls
Microwave Ovens
Gasoline
It would not work, because investors are profit-motivated. There was not much profit to be gained or lost in the divestment from South Africa. On the other hand, if some people divest from the fossil fuel industry, other people – who could care less about the climate – would immediately jump in and snatch up the available shares at lower prices. And there are PLENTY of investors who could care less about climate and are purely motivated by profits in their investment decisions. They may invest in alternative and renewable energies as well to hedge their bets, but they certainly would not throw away good money by divesting away from the fossil fuel industry.