People are Taking Their Money Out of Fossil Fuels in the Divestment Movement


| 10/10/2019 10:35:00 AM


 

In societies around the world, people band together to stand up for what they believe in. They know there's power in numbers.

Even better, the broad reach of social media enables activists to quickly and effectively distribute messages. The fossil fuels divestment movement is gaining momentum. Let's take a look at what it involves.

What Is Divestment?

Divestment happens when people get rid of stocks, bonds or investments connected with companies that individuals think are ethical or morally questionable. You can think of it as the opposite of investment. Divestment and disinvestment are often interchangeable terms that mean the same thing. 

How Do Activists Want to Impact Fossil Fuel Use?

The people taking part in the divestment of fossil fuels cease investment activities with associated companies. They hope this action creates a stigma around the fossil fuel industry, disintegrating its original appeal.



Some who support the fossil fuel divestment movement only stop investing as a show of symbolism. If working towards reduced dependence on fossil fuels is essential, it doesn't make sense to hold investments that directly link to companies that rely on them.



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