The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
A global movement is uniting to challenge the fossil fuel industry in a fight for the planet and our future and students across the country are leading the way.
$hift aims to mobilize people to join the divestment movement that is sweeping the nation, exposing divestment from the fossil fuel industry as a practical solution for creating the systemic change that is necessary to sustain a livable planet. This short film by Jamie Oliveira, Jennifer Fong, Seth Hahn and Nicole Blunt, in cooperation with San Francisco State University's Health Equity Institute and Fossil Free SFSU, documents the stories, ideas and actions behind groups like Fossil Free SFSU, 350.org, 350 Bay Area, Fossil Free SF and other divestment campaigns, uncovering the truth about climate change and revealing the case for divestment.
Scientists estimate we can only emit 565 more gigatons of carbon into the atmosphere to sustain a livable planet. Fossil fuel companies currently have enough coal, oil and gas reserves to emit 2795 more gigatons of carbon. That's five times the livable amount. If we want to avoid disastrous consequences of climate change, we have to leave 80 percent of those reserves in the ground.
If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. We believe that educational and religious institutions, city and state governments, and other institutions that serve the public good should divest from fossil fuels.
We want institutions to immediately freeze any new investment in fossil fuel companies, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within five years. Two hundred publicly-traded companies hold the vast majority of the world’s proven coal, oil and gas reserves and they are the companies we’re asking our institutions to divest from.
Our demands to these companies are simple, because they reflect the stark truth of climate science:
- The companies need immediately to stop exploring for new hydrocarbons.
- They need to stop lobbying in Washington and state capitols across the country to preserve their special breaks.
- Most importantly, they need to pledge to keep 80 percent of their current reserves underground forever.
This documentary takes a look at climate change as a social justice issue and exposes divestment as a practical solution for creating the systemic change that is necessary if we want to truly $hift our behavior and sustain a livable planet.
Visit EcoWatch’s RENEWABLES page for more related news on this topic.
EcoWatch Daily Newsletter
Many people don't begin worrying about their cholesterol levels until later in life, but that may be increasing their odds of heart problems in the long term.
Nestlé cannot claim that its Ice Mountain bottled water brand is an essential public service, according to Michigan's second highest court, which delivered a legal blow to the food and beverage giant in a unanimous decision.
A number of supermarkets across the country have voluntarily issued a recall on sushi, salads and spring rolls distributed by Fuji Food Products due to a possible listeria contamination, as CBS News reported.
If you read a lot of news about the climate crisis, you probably have encountered lots of numbers: We can save hundreds of millions of people from poverty by 2050 by limiting global warming to 1.5 degrees Celsius above pre-industrial levels, but policies currently in place put us on track for a more than three degree increase; sea levels could rise three feet by 2100 if emissions aren't reduced.