Why divestment if, arguably, it won’t hurt fossil fuel companies?
We are reposting some posts from last year when we followed up on questions raised during the OSSTF divestment campaign at AMPA 2015. Now we’re gearing up for AMPA 2016! Thanks for reading.
by Andrea Loken, science Teacher and ECA co-founder
“It always seems impossible until it’s done.” – Nelson Mandela
Divestment is working – for what we want to achieve.
Divestment is not about hurting the fossil fuel companies in the short term. It may be true that within our current economic model, to sell off stocks in fossil fuel companies just means that someone else will buy them, causing no net harm and the industry will chug along.
Divestment is about exposing fossil fuel companies and the elites who run them as morally reprehensible; it is about choosing alternative, sustainable energy sources; and it is about creating a new model for our economic system that works for more than just the 1%.
On the first point: In one of the articles in the grounding breaking series about climate change published by the Guardian newspaper, an excellent analogy was made…
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