Divesting is the opposite of investing. It's about moving your money out of industries that directly or indirectly support fossil fuels and into industries with more sustainable, long-term futures.
Divesting is a powerful tool that investors can use to show companies that they can't and won't invest in businesses with morally objectionable practices. Choosing to invest in companies that do business in ways that accord with your own moral code, means that even small investors or account holders can have a say in whether an industry has earned its social licence to operate in the marketplace.
There are moral and financial reasons to move money out of the fossil fuel industry and the companies and institutions that support it:
- Activist shareholders and investors see divesting from fossil fuels as necessary on moral grounds
- The financial imperative arises because at some point fossil fuel assets will become valueless. Investment managers and trustees of trusts and endowments, sovereign wealth and pension funds will invest in more secure assets
If you're interested in finding out if your bank is funding fossil fuel developments, or learning about what steps you can take to switch to fossil fuel free finance options, visit Market Forces and 350.org, or click the Frackman 'Not with my fracking money!' infographic below.
Fracking as a Human Rights Issue
The Sisters of Mercy, through Mercy International Association, have released A Guide To Rights-Based Advocacy: International Human Rights Law and Fracking. The Sisters of Mercy say:
The report is a formative document demonstrating how the international human rights framework can be used to initiate rights-based advocacy against human rights violations that result from the harm caused by hydraulic fracturing (fracking).
The guide makes an important contribution to the nascent topic of fracking's impact on human rights, by summarizing:
- Examples of harm caused by fracking, which demonstrate the enormous negative impact on human and animal life and the environment
- How these effects of fracking can breach multiple human rights, including violations to the right to health, water, food, housing, freedom of information and expression, the rights of children, and the cultural and collective rights of indigenous peoples, ethnic minorities, and peasant communities
- The ways in which international human rights law offers various accountability mechanisms, venues for information and action, and tools to empower and reposition people and communities as rights-holders
- How governments have a duty to respect, protect and fulfill human rights, and to prevent violations of human rights by non-state actors
The ultimate goal of the report is to empower rights-holders, shape policy, and ensure accountability.