Divestment: From South Africa to Fossil Fuels

Originally published in Post Magazine, ‘Potential Energy: The Politics of Energy in Scotland’ which is available to order here.

The global fossil fuel divestment movement has seen some important achievements over the past year. Universities in the USA, Sweden, New Zealand , the Marshall Islands and the United Kingdom have all committed to divestment; thirty-five cities across the world are divesting (in reality, this means the investments and pensions funds of public sector workers); over fifty religious institutions, including the World Council of Churches. have announced their divestment; and many other institutions have joined them – most notably, perhaps, the Rockefeller Foundation, whose very wealth was built upon the oil industry. The movement, comprised of local pressure groups but brought together globally under 350.org’s “Fossil Free” umbrella campaign, has successfully garnered the attention of big energy companies, with Exxon Mobil mobilising in October last year to publicly and strongly decry the campaign. The above, taken together, suggests that Fossil Free campaigners are not only making progress on the ground, but creating enough global attention that their hugely powerful targets have begun to twitch. All in all, the divestment movement enters 2015 looking stronger than ever.

But where can it go from here?

Continue reading Divestment: From South Africa to Fossil Fuels