The 6 Myths of Divestment in Fossil Fuel Industries

by Chloe Rodman

Across the nation and the world, colleges, universities, churches and other foundations and organizations are participating in the divestment movement by withdrawing their investments from companies that contribute to climate change through carbon emissions. Currently, 50 corporations have committed $50 billion in divestments. Surprisingly, the major oil company Rockefeller has committed $860 million to the cause. A representative from the company reported that they felt both morally and economically inclined to do so. Not only does the divestment help the fight to reduce carbon emissions, but Rockefeller also previously had a large portion of their money invested in reserves that are now to remain in the ground, untouched. Continue reading