Divestment Commitments Pass the $3.4 trillion Mark at COP21: 500+ Institutions Have Now Joined the Movement, Campaigners Urge Governments to Follow Suit
EMBARGOED UNTIL 12:30 CET, Wednesday, Dec 2
The fossil fuel divestment campaign has broken a new record at COP21: more than 500 institutions representing over $3.4 trillion in assets have made some form of divestment commitment according to 350.org and Divest-Invest, two organizations coordinating the growing movement.
The new numbers are another impressive leap for the divestment effort, although campaigners are quick to point out that some of the commitments are only partial divestments, and the $3.4 trillion represents the total amount of assets represented by institutions, not the amount of money divested, which is difficult to track due to varying degrees of disclosure. ….