Divestment is a powerful tool that can send a message to the fossil fuel industry. The logic of divestment is simple: We shouldn't be funding our retirement by investing in companies whose operations ensure we won't have a safe planet to retire on. It's not worth greening your city for the next generation, if you're also investing in companies that are threatening that generation's future.
Local governments have the opportunity to be leaders in combating this contradiction by divesting their funds – general, retirement, utility, pension, etc. – from fossil fuel companies.
Authors: James Irwin and Satya Rhodes-Conway