If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. The Fossil Free movement (www.gofossilfree.org) believes that educational and religious institutions, governments, and other organizations that serve the public good should divest from fossil fuels.
Fossil Free is an international network of campaigns and campaigners working toward fossil fuel divestment in our communities. While each campaign is independently run and may bring different emphases and asks depending on their local context, the majority of campaigns are asking institutions to:
- 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 5 years
Most campaigns use this list of the top 200 fossil fuel companies by reserves. You can read more about what divestment is and how it has historically been used as a tactic for social change here.
Fossil Free is a project of 350.org and 350 Loudoun has become part of the movement by calling on the Town of Leesburg and the Loudoun County governments to pressure the Virginia State Retirement System (VRS) to divest from fossil fuels. Our divestment campaign will kick off on February 14, 2015, with a picnic and social gathering.