McKibben’s divestment approach reviewed in The Conversation
December 13, 2017
Post Carbon Fellow Bill McKibben’s fossil fuel divestment approach to tackling climate change was reviewed in this article in The Conversation.
From the article:
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In a coordinated move, the McKibben-founded climate advocacy group 350.org launched its Go Fossil Free: Divest from Fossil Fuels! Campaign with a stated goal to “revoke the social license of the fossil fuel industry.” With the help of activist college students, the movement sought to stigmatize fossil fuel companies, restrict future cash flows and depress share prices by compelling universities to divest their holdings in these companies.
Now, five years later, the effort seems to some to have been a failure, at least by the financial measures they laid out. Only a limited number of institutions have divested their endowments, and the stocks of major fossil-fuel companies show little effect.
But in doing a network text analysis of news articles, we found that by other measures the effort has been a success.