As you may have heard, Bill McKibben of 350.org has been traveling the country on what he calls his “Do the Math tour”. The goal, as McKibben puts it, is “to jumpstart a new movement…that will change the terrifying math of the climate crisis.” The means by which McKibben et al. hope to achieve their goal are simple but powerful: “cut off the [fossil fuel] industry’s financial and political support by divesting our schools, churches and government from fossil fuels.” In other words, defund the fossil fuel industry before it poisons us all and completely trashes our planet.
With that in mind, there’s a website dedicated to petitioning colleges and universities to “immediately freeze any new investment in fossil-fuel companies, and to divest within five years from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds.” By doing so, we all send a powerful message, voting with our wallets, that it’s not acceptable for fossil fuel companies to keep trashing our planet – the only one we’ve got – for any reason, let alone in the name of massive profits for themselves.
For more on this movement, see Bill McKibben’s latest article, in which he explains that, although “we’ll keep playing defense against bad projects like the Keystone pipeline…we can’t stop global warming one pipeline at a time–we also have to turn the fossil fuel industry into the tobacco industry and weaken their power to block any good idea that rises in DC.”
For starters, as we’ve been urging here at Scaling Green for a while now, it’s long past time for the extremely profitable fossil fuel industry to get off the taxpayer-funded corporate welfare dole. It’s also long past time for the fossil fuel industry to pay the full cost of the damage it causes by polluting our air and water. If they were forced to do all that, what we’d have is a level playing field, one in which clean energy would not only be able to compete with fossil fuels, but to beat them on economics alone.
In fact, we’re already getting very close to that point, even with a playing field that’s been distinctly tilted in the fossil fuels’ favor for decades. Change that, and we revolutionize energy economics in the direction of clean and sustainable. Which is why we strongly support Bill McKibben in his efforts, and urge everyone to help him in any way you can. Thanks.