Divestment from fossil fuel

Divestment means withdrawing investments from companies and corporations. The Guardian newspaper group (Guardian Media Group) has just announced that it will withdraw its 800 million GBP investments from coal, oil add gas extracting enterprises. This decision has been taken based on the belief that these fossil fuels must be kept in the ground if excessive anthropogenic global warming is to be avoided. The chair of GMG Neil Berkett calls this move a ‘hard-nosed business decision’ justified on ethical and financial grounds. Read the article here. In its campaign to slow down human impact on the planet’s climate the newspaper group is acting to encourage other large corporations to follow suit and the article lists several that it is targeting and provides several useful links to other sources.

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