For Immediate Release
Divest for Paris
WASHINGTON - 350.org co-founder Bill McKibben, President of the Rockefeller Brothers Fund Stephen Heinz, Pascal Canfin former Minister of Development of France and Senior Advisor for the International Climate Affairs at the World Resources Institute, and other divestment leaders will announce the new tally of divestment commitments and total money under management that’s gone fossil free.
Le Bourget, Paris -- 350.org and partners will make a major new fossil fuel divestment announcement this Wednesday, unveiling the new sum total of institutions and assets under management that are committed to the cause.
This September, divestment advocates announced that over 400 institutions representing over $2.6 trillion in assets under management had made some form of divestment commitment. In just a matter of weeks, that number has grown significantly, as cities, universities, foundations, faith communities, and other institutions “Divest for Paris.” Institutions are modeling the type of commitment they’d like to see politicians make here at COP21, moving money out of fossil fuels and into climate solutions.
This Wednesday, December 2, 350.org will unveil the new commitments at two events at COP21:
Divest-Invest Press Conference
When: Wednesday 2nd of December, 12.30pm - 1.00pm
Where: Press Conference Room 3, Media Center, Hall 5, Le Bourget
May Boeve, Executive Director of 350.org: May Boeve is the Co-Founder and Executive Director of 350.org, a global grassroots movement working to solve the climate crisis. 350.org has helped lead the fossil fuel divestment movement, the fastest growing such effort in history, according to Oxford University.
Stephen Heintz, President of the Rockefeller Brothers Fund: As President of Rockefeller Brothers Fund, Stephen Heintz divested one of the original fossil fuel fortunes and has become a leading advocate for divesting from fossil fuels and investing in climate solutions.
Kevin De León, President pro tempore of the California State Senate: De León led the effort in the California State Senate to pass a resolution to divest two of the world’s largest pension funds, CalPERS and CalSTRS, which together represent nearly $500 billion in assets.
Noelie Audi-Dor, President of London School of Economics (LSE) Divest: After a long running student campaign, the LSE announced this November 26th that it would divest its £97.2 million endowment from coal and tar sands companies and not invest directly in any fossil fuel companies. Students are still pushing for full divestment.
Jacqueline Délia Brémond, Co-founder and Co-Chair of the Ensemble Foundation: Délia Brémond will be announcing a new divestment commitment as part of the growing European Divest-Invest movement of foundations divesting from fossil fuels.
Momentum for Divestment Side Event
When: Wednesday 2nd December, 1.00pm - 2.30pm
Where: Le Bourget, Climate Generation Areas, Room 4, Green Zone.
Momentum for Divestment will feature speakers from across the global divestment movement who will speak to the growing momentum for change. Representatives will include faith groups, cities, universities, foundations, and more. In the last year alone, the movement has seen a 50-fold increase in the amount of assets under management from funds who have committed to some level of fossil fuel divestment. Divested assets under management are well over $2.6 trillion. Together, institutions are modeling what we need to see from governments: clear commitments to move money out of fossil fuels and into climate solutions.
May Boeve, Executive director of 350.org
Bill McKibben, Co-Founder of 350.org
Pascal Canfin, Senior Advisor for International Climate Affairs at the World Resources Institute
Jeremy Leggett, from Carbon Tracker Initiative
Stephen Heintz, President of the Rockefeller Brothers foundation
Jacqueline Délia Brémond, Co-founder and Co-Chair of the Ensemble foundation
Clara Vondrich, Global director of Divest / Invest philanthropy
Kevin De León, President pro tempore of the California State Senate
Jesse Bragg, Media Director at Corporate Accountability International
Noelie Audi-Dor, President of LSE Divest
Jess Worth, from “BP or Not BP?”
Kathy Jetnil- Kijiner, Poet and a Pacific Climate Warrior from the Marshall Islands
350 is the red line for human beings, the most important number on the planet. The most recent science tells us that unless we can reduce the amount of carbon dioxide in the atmosphere to 350 parts per million, we will cause huge and irreversible damage to the earth. But solutions exist. All around the world, a movement is building to take on the climate crisis, to get humanity out of the danger zone and below 350. This movement is massive, it is diverse, and it is visionary. We are activists, scholars, and scientists. We are leaders in our businesses, our churches, our governments, and our schools. We are clean energy advocates, forward-thinking politicians, and fearless revolutionaries. And we are united around the world, driven to make our planet livable for all who come after us.