Fossil Fuel Divestment An Overview - 1834 Words

Fossil Fuel Divestment The Fossil Fuel Divestment campaign was first launched in 2012. The word divestment means taking out all the money that was being put into that investment for the fact that those investments were not morally right. Different types of divestments have been used previously and have been extremely successful. Some of those other divestment campaigns that were successful were the fight against violence in Darfur and tobacco advertising (Fossil Free, 2012). By November, 2012, over 300 universities and 100 different cities and states have joined this fossil fuel divestment campaign (Fossil Free, 2012). This movement is being called one of the fastest growing movements that has ever happened. Although this movement started in 2012, it is still rapidly growing now, in 2016. The goal of the fossil fuel divestment movement is to make sure that the companies that are profiting from ruining the environment are stopped. This movement is trying to combat the use of f ossil fuels to help with climate change and air and water pollution. This movement wants companies to, â€Å"immediately freeze any new investment in fossil fuel companies, divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within five years, and end their fossil fuels sponsorship† (Fossil Free, 2016). Companies that are being targeted by the movement to remove their investments in fossil fuels are universities, religiousShow MoreRelatedCompany Valuation Report for Bp20320 Words   |  82 Pagesliquidity in the company to strengthen their balance sheet, implementing a group of effective financial management and investment diversification. 2.3 Global Demand of Natural Gas Consumption Natural gas is said to be the world’s fastest-growing fossil fuel, with consumption increasing 1.6 percent per year from 2008 to 2035 (U.S. Energy Information Administration 2012). 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