Global Fossil Fuel Divestment Movement Reaches $6.24 Trillion in Assets Under Management, 120x Increase From Four Years Ago, Report Says
Fossil fuel divestment is now a mainstream financial action that is starting to have a material impact on the fossil fuel industry, as illustrated in the fourth "Global Fossil Fuel Divestment and Clean Energy Investment Movement" report by Arabella Advisors.
- Fossil fuel divestment is now a mainstream financial action that is starting to have a material impact on the fossil fuel industry, as illustrated in the fourth "Global Fossil Fuel Divestment and Clean Energy Investment Movement" report by Arabella Advisors.
- "The leaders of the American Medical Association pledged to fossil fuel divestment for the organization's assets, but also to help guide all organizations and all health professionals' investments towards divestment.
- Another vital new trend is amplifying divestment: Insurance companies are not only divesting their portfolios from fossil fuels, but also enacting policies to stop underwriting fossil fuel projects.
- "Today, our movement pledges to increase divested global assets to $10 trillion by 2020.