G7 Strengthens the Case for Fossil Fuel Divestment and Keeping Carbon in the Ground

G7 Strengthens the Case for Fossil Fuel Divestment and Keeping Carbon in the Ground
G7 leaders released a climate communique today that lacks in crucial details, but the broad strokes of which will help strengthen the case for fossil fuel divestment and keeping coal, oil and gas in the ground.
“The G7 is sending a signal that the world must move away from fossil fuels, and investors should take notice,” said 350.org executive director May Boeve. “If you’re still holding onto fossil fuel stocks, you’re betting on the past. As today’s announcement makes clear, the future belongs to renewables.”
The agreement affirms the need to decarbonize the global economy over the course of the century, decarbonizing the G7’s own energy sectors by 2050. ….