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Adding their collective voice to a growing campaign, nearly 1,000 health professionals from around the world released an open letter on Friday calling on one of the world's largest health charities, the U.K.-based Wellcome Trust, to honor the principle of "do no harm" by divesting from the fossil fuels industry.
The letter notes that "divestment rests on the premise that it is wrong to profit from an industry whose core business threatens human and planetary health, bringing to mind one of the foundations of medical ethics--first, do no harm."
Coordinated by the non-governmental health organization MedAct and the Climate and Health Council, the letter came five months after the Guardian initiated a campaign urging the world's two largest charitable funds--the Wellcome Trust and Gates Foundation--to divest their endowments from 200 fossil fuel companies over the next five years to bring their practices in line with their stated commitments to combat climate change. Since then, over 226,000 people have joined in the pressure campaign.
But the Wellcome Trust has resisted the international call, with director Jeremy Farrar claiming in March: "We consider individual companies on their merits, including the extent to which they meet their environmental responsibilities when deciding whether to invest or stay invested. All companies engaged in fossil fuel extraction are not equal. We combine this approach with active engagement with the companies we invest in."
Medical professionals from the U.S., U.K., Australia, Mexico, Colombia, Malaysia, and beyond called foul on Farrar's argument, stating in their letter that "there is little or no evidence to suggest that this approach holds a realistic prospect of reducing global fossil fuel production sufficiently in the limited time available."
"We believe a complete transformation of the energy sector is needed, driven by strong climate policies, and that divestment has greater potential to bring this about," wrote the doctors, nurses, medical students, dentists, and researchers, including the editors of the Lancet and the British Medical Journal. "Our primary concern is that a decision not to divest will continue to bolster the social license of an industry that has indicated no intention of taking meaningful action."
"Indeed, many of these companies continue to use their considerable influence to delay political action, as tobacco companies have done previously," they continued. "Shell's lobbying against binding EU renewables targets and its decision to drill for Arctic oil, which cannot safely be burned, give additional cause for alarm."
Their call follows a previous appeal from fifty top medical doctors and researchers to the Wellcome Trust and Gates Foundation, the latter of which has also refused to divest its holdings from the fossil fuels industry.
However, despite the refusal of these two foundations, there are numerous signs that divestment is gaining ground. In response to grassroots campaigns, over 300 institutions worldwide have committed to divest from fossil fuels, with the United Church of Canada announcing Tuesday it will heed the movement's call.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Adding their collective voice to a growing campaign, nearly 1,000 health professionals from around the world released an open letter on Friday calling on one of the world's largest health charities, the U.K.-based Wellcome Trust, to honor the principle of "do no harm" by divesting from the fossil fuels industry.
The letter notes that "divestment rests on the premise that it is wrong to profit from an industry whose core business threatens human and planetary health, bringing to mind one of the foundations of medical ethics--first, do no harm."
Coordinated by the non-governmental health organization MedAct and the Climate and Health Council, the letter came five months after the Guardian initiated a campaign urging the world's two largest charitable funds--the Wellcome Trust and Gates Foundation--to divest their endowments from 200 fossil fuel companies over the next five years to bring their practices in line with their stated commitments to combat climate change. Since then, over 226,000 people have joined in the pressure campaign.
But the Wellcome Trust has resisted the international call, with director Jeremy Farrar claiming in March: "We consider individual companies on their merits, including the extent to which they meet their environmental responsibilities when deciding whether to invest or stay invested. All companies engaged in fossil fuel extraction are not equal. We combine this approach with active engagement with the companies we invest in."
Medical professionals from the U.S., U.K., Australia, Mexico, Colombia, Malaysia, and beyond called foul on Farrar's argument, stating in their letter that "there is little or no evidence to suggest that this approach holds a realistic prospect of reducing global fossil fuel production sufficiently in the limited time available."
"We believe a complete transformation of the energy sector is needed, driven by strong climate policies, and that divestment has greater potential to bring this about," wrote the doctors, nurses, medical students, dentists, and researchers, including the editors of the Lancet and the British Medical Journal. "Our primary concern is that a decision not to divest will continue to bolster the social license of an industry that has indicated no intention of taking meaningful action."
"Indeed, many of these companies continue to use their considerable influence to delay political action, as tobacco companies have done previously," they continued. "Shell's lobbying against binding EU renewables targets and its decision to drill for Arctic oil, which cannot safely be burned, give additional cause for alarm."
Their call follows a previous appeal from fifty top medical doctors and researchers to the Wellcome Trust and Gates Foundation, the latter of which has also refused to divest its holdings from the fossil fuels industry.
However, despite the refusal of these two foundations, there are numerous signs that divestment is gaining ground. In response to grassroots campaigns, over 300 institutions worldwide have committed to divest from fossil fuels, with the United Church of Canada announcing Tuesday it will heed the movement's call.
Adding their collective voice to a growing campaign, nearly 1,000 health professionals from around the world released an open letter on Friday calling on one of the world's largest health charities, the U.K.-based Wellcome Trust, to honor the principle of "do no harm" by divesting from the fossil fuels industry.
The letter notes that "divestment rests on the premise that it is wrong to profit from an industry whose core business threatens human and planetary health, bringing to mind one of the foundations of medical ethics--first, do no harm."
Coordinated by the non-governmental health organization MedAct and the Climate and Health Council, the letter came five months after the Guardian initiated a campaign urging the world's two largest charitable funds--the Wellcome Trust and Gates Foundation--to divest their endowments from 200 fossil fuel companies over the next five years to bring their practices in line with their stated commitments to combat climate change. Since then, over 226,000 people have joined in the pressure campaign.
But the Wellcome Trust has resisted the international call, with director Jeremy Farrar claiming in March: "We consider individual companies on their merits, including the extent to which they meet their environmental responsibilities when deciding whether to invest or stay invested. All companies engaged in fossil fuel extraction are not equal. We combine this approach with active engagement with the companies we invest in."
Medical professionals from the U.S., U.K., Australia, Mexico, Colombia, Malaysia, and beyond called foul on Farrar's argument, stating in their letter that "there is little or no evidence to suggest that this approach holds a realistic prospect of reducing global fossil fuel production sufficiently in the limited time available."
"We believe a complete transformation of the energy sector is needed, driven by strong climate policies, and that divestment has greater potential to bring this about," wrote the doctors, nurses, medical students, dentists, and researchers, including the editors of the Lancet and the British Medical Journal. "Our primary concern is that a decision not to divest will continue to bolster the social license of an industry that has indicated no intention of taking meaningful action."
"Indeed, many of these companies continue to use their considerable influence to delay political action, as tobacco companies have done previously," they continued. "Shell's lobbying against binding EU renewables targets and its decision to drill for Arctic oil, which cannot safely be burned, give additional cause for alarm."
Their call follows a previous appeal from fifty top medical doctors and researchers to the Wellcome Trust and Gates Foundation, the latter of which has also refused to divest its holdings from the fossil fuels industry.
However, despite the refusal of these two foundations, there are numerous signs that divestment is gaining ground. In response to grassroots campaigns, over 300 institutions worldwide have committed to divest from fossil fuels, with the United Church of Canada announcing Tuesday it will heed the movement's call.