“It’s wrong to profit from wrecking the planet.”
That’s what thousands of young people are saying across the U.S. who are demanding their colleges and universities strip fossil fuel investments from their endowment portfolios.
They are arguing with passion — and a considerable amount of organizing savvy — that the still untapped 2795 gigatons of fossil fuel reserves energy companies own must be left in the ground. Why? Because burning it will cook the planet — raising temperatures 6 degrees Centigrade or more, three times what scientists have determined is the level needed to avert runaway climate chaos.
It’s a message that is profoundly counterintuitive to capitalist culture.
Also posted in Capitalism 2.0, Climate change, Renewable Energy, Thought Leader Tagged amherst, Bill McKibben, bp, capitalism, climate change, do the math, energy, ESG, fossil fuel divestment, fossil fuels, ghg, grassroots, harvard, hsbc, investor relations, renewable energy, shell, statoil, swarthmore college
A recent report by GlobeScan published some interesting findings – “significant numbers of survey respondents around the world cannot or will not name a single socially responsible company when asked, and this proportion appears to be rising in many countries.”
This is a worldwide phenomenon in both developing and developed countries. Large numbers of people can’t name a socially responsible company. In India for example it’s 57 percent, while in the U.S., it’s 39 percent. Read More
Also posted in Green certifications, Green Communications, Sustainability Metrics, Sustainability Reporting Tagged B Corporation, B lab, CDP, ceres, djsi, fts4good, global 100, GlobeScan, GRI, Raz Godelnik, sustainability reporting
This article explores the reasons why Canada and the United States have failed to implement meaningful climate policies at the federal level. It then discusses the critical role that municipalities can play in picking up the slack, along with some of the challenges and opportunities that lie in their way. These ideas will be dicussed in greater detail at the upcoming TSSS event on “Cities and Climate Change” - see below.
Why North America Has Failed to Act on Climate at the Federal Level
Environment Minister Peter Kent recently announced that Canada will stay in line with the United States on the issue of climate change. The justification for this is all too familiar: we cannot afford to have fundamentally different climate policies because our economies are so intertwined – straying too far would result in financial repercussions and never-ending legal and diplomatic disputes. At least for the foreseeable future, it is unlikely that Canada will jump the gun on climate policy.1