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Posted Mon Feb 3 2014: from tcktcktck:
Divestment Goes Mainstream as Major Funds Kick the Fossil Fuel Habit
With a shift of nearly two billion dollars away from fossil fuels, the divestment campaign has moved into new territory. Last week, seventeen of the world's largest philanthropic foundations announced commitments to pull their money out of fossil fuel companies and reinvest it in the clean energy economy... The announcement is seen as a signal that the divestment movement is no longer limited to progressive cities and college campuses. Now, a wide range of some of the world's largest foundations including the Park Foundation, Russell Family Foundation, Educational Foundation of America and John Merck Fund are taking a stand for the climate by aligning their investments with the values of their charitable missions.
[Read more stories about: climate impacts, carbon emissions, people rise up]
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'Doc Michael says:
Sounds like the beginning of a bad day for fossil fuels.

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