At Investor Summit, United Nations Strengthens the Call for Fossil Fuel Divestment
At the Investor Summit on Climate Risk held at the United Nations headquarters today, Secretary General Ban Ki-moon urged investors to double their clean energy investments by 2020, a goal that will add momentum to the growing fossil fuel divestment campaign.
“I challenge investors to double at a minimum their clean energy investment by 2020,” said the Secretary General. “Sustainable clean energy is growing but not nearly fast enough to meet energy demand of what science says. The investor community is of critical importance if we are going to move from aspiration to action.”
“The arguments against divestment are all quickly falling away,” said Jamie Henn, Communications Director for 350.org. “The United Nations has made it clear that there is no way to meet the goals agreed to at the Paris Climate Summit if we keep investing in fossil fuels. Divesting from coal, oil and gas and reinvesting in just, sustainable energy solutions is one of the most important things an institution can do to help combat the climate crisis.” ….