RSN Fundraising Banner
FB Share
Email This Page
add comment
Print

McKibben writes: "One of the world's most respected and influential news organizations - the Guardian Media Group - announced Wednesday that it will divest from fossil fuels."

The Guardian office. (photo: Guardian UK)
The Guardian office. (photo: Guardian UK)


The Guardian Divests $1.2 Billion Fund From Fossil Fuels

By Bill McKibben, EcoWatch

04 April 15

 

ere’s how far we’ve come in just a couple of years: One of the world’s most respected and influential news organizations—the Guardian Media Group—announced Wednesday that it will divest from fossil fuels.

The move follows the launch of The Guardian‘s own climate change campaign, in partnership with 350.org, to press two of the world’s largest charitable foundations to stop investing in oil, coal and gas companies.

The chairman of the Guardian Media Group called the move a “hard-nosed business decision” that is justified on both ethical and financial grounds. I couldn’t agree more.

It was also the second billion-dollar divestment commitment in just two days: Syracuse University in New York also ditched fossil fuels this week, demonstrating once again that cutting ties with the fossil fuel industry is both feasible and responsible.

Now is the time to increase the pressure on the Bill & Melinda Gates Foundation and the Wellcome Trust—two of the world’s largest charities, and both explicitly dedicated to global health—to do the same. Can you help us reach 200,000 signatures this week?

Add your name to the petition calling on the Bill & Melinda Gates Foundation and the Wellcome Trust to stop investing in the climate crisis.

The Guardian Media Group is leading by example by divesting its entire £800 million (aka $1.2 billion) fund from fossil fuels and committing to invest in socially responsible alternatives instead. You can watch a video and find out more about The Guardian decision here.

When the roll of honor for action on climate change is someday called, I believe The Guardian’s name will be high on the list. They’ve taken a bold step in joining the fight to keep fossil fuels in the ground, both through their journalism and their own investments.

As Alan Rusbridger, their editor-in-chief said: “What was a trickle is becoming a river and will, I suspect, become a flood.”

Let’s make sure The Guardian’s divestment commitment sends a strong signal to other foundations—as well as universities, cities, states, churches and any institution that holds money and is dedicated to the public good—to get on the right side of history too.

e-max.it: your social media marketing partner
 

Comments   

A note of caution regarding our comment sections:

For months a stream of media reports have warned of coordinated propaganda efforts targeting political websites based in the U.S., particularly in the run-up to the 2016 presidential election.

We too were alarmed at the patterns we were, and still are, seeing. It is clear that the provocateurs are far more savvy, disciplined, and purposeful than anything we have ever experienced before.

It is also clear that we still have elements of the same activity in our article discussion forums at this time.

We have hosted and encouraged reader expression since the turn of the century. The comments of our readers are the most vibrant, best-used interactive feature at Reader Supported News. Accordingly, we are strongly resistant to interrupting those services.

It is, however, important to note that in all likelihood hardened operatives are attempting to shape the dialog our community seeks to engage in.

Adapt and overcome.

Marc Ash
Founder, Reader Supported News

 
+45 # Barbara K 2015-04-04 13:08
That is great news. Time to stop making the oil barons wealthier and support solar and wind energy for the sake of the planet, and us. Thank you "The Guardian".

..
 
 
+1 # Eldon J. Bloedorn 2015-04-04 18:00
Hydrogen? By product of combustion-wate r!
 
 
0 # ritawalpoleague 2015-04-06 09:39
Very well said, Barbara K. Never forget will I, how The Guardian published, on the front page of its Sunday edition, news concerning the trial of Hedges, et. al. v. Obama, et. al.. This done, while very, very few in the U.S. got the word re. what a quashing of the U.S. Constitution had occurred with Pres. Obama's signing of the 2012 NDAA (silently and undercover in Hawaii on New Year's Eve, after his saying he was going to veto it).

Amazing also is how extremely little coverage by the U.S. 'mess media' is currently happening re. geoengineering. Physicians across the U.S. are becoming more and more concerned re. huge upping of upper respiratory illness, some of it lethal, with the purposeful adding to the atmosphere of chems. for the purpose of weather control.

Evidently the fossil 'fooler's have decided that they must get control over the weather and global warming, no matter how ill it makes Mother Earth and all life on it. Only thing that matters to these evil villainaires if their continuing to bring in unending $$$ into their bottomless coffers.

Ugh, what a mess from hell !
 
 
+32 # Corvette-Bob 2015-04-04 15:13
Fossil fuel is in a death spiral, the only question is whether or not it will take us with it.
 
 
-21 # brycenuc 2015-04-04 15:44
Divestment won't phase the fossil fuel industry. They are well aware that global economy depends on it.
 
 
+1 # Kootenay Coyote 2015-04-05 20:18
Whatever did we do before, eh? & how sad that in your mind it's it's not worth figuring out how to do so again.
 
 
-1 # reiverpacific 2015-04-07 11:15
Quoting brycenuc:
Divestment won't phase the fossil fuel industry. They are well aware that global economy depends on it.


Only because it's perpetrated by a military-corpor ate last-ditch aggressive campaign backed by the Owner-media to the gullible like yourself, in favor of the extractive industries and their back-door lobbyist bag carriers burrowing around the all-too-corrupt ible bought and strung up like puppet servants in the Halls of Power.
But as Burns wrote, in spite of conformist, "don't rock the boat" finks like you, "It's (sustainable energy) comin' yet for a' that", the time fast approaching when the extractive/poll uting complex of industries are consigned to the garbage can of history, including nuclear.
Even Wall Street is beginning to see this and switch some of their funds to the sustainable energy, increasingly publicly-floate d share bloc.
Take a nice, deep breath and a good cough-splutter- hack-p'tooey!
 
 
+6 # seeuingoa 2015-04-04 16:26
Barbara K:

thank you for always stating the obvious.
 
 
+6 # rhgreen 2015-04-04 19:31
That's great news, but pardon me from being a bit cynical and pointing out that with the fall in oil prices it's a good time to be doing it out of self-interest, anyway.
 
 
+7 # Eliza D 2015-04-04 20:31
Mr. McKibben is a real hero of the grassroots environmental movement. He has few politicians with any power on his or our side. Now is the time for us to support Green and Third parties and turn around this do-nothing, stuck-in-the-tw entieth century government of ours. If Costa Rica could run their electric grid on renewable energy since the new year, the US could make a good run at attaining 50% renewables in two years. The folks who are sick and having their farms torn up by fracking are about as happy about that "clean energy" as the families of the dozens killed in the NYC gas explosion this past week.
 
 
+2 # Rich Austin 2015-04-06 09:24
Labor and environmentalis ts need to come together under a "Just Transition" banner. Here's the problem: On the environmental; side you have absolutists who want it their way, their way, their way. On labor's side you have conservative leaders in Building Trades and other top down unions who would agree to build baby baking ovens as long as they could continue to haul down their hefty incomes.

The link below, although dated, shows us the way out of the woods. It demonstrates that what we need is for responsible folks to sit down and formulate a win-win program for the future.

http://vault.sierraclub.org/sierra/199901/unions.asp
 

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

RSNRSN