This article discusses divestment from fossil fuels – more than 1000 institutions pledge to withdraw investment from fossil fuels. ‘This is a moral movement as well as a financial one,’ campaigners say.
Governments, universities and banks have quit fossil fuels in their hundreds after a global campaign to convince institutions to pull their investments.
A milestone achievement has been announced at key climate talks taking place in Poland as the initiative persuaded 1,000 institutions opting to divest from coal, oil, and gas companies.
The total sum of money being withdrawn since the campaign began in 2012 is now approaching $8 trillion (£6.3 trillion).