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    fossil fuel divestment

    Pope Francis

    Pope Francis: A Humble Advocate for Sharing the World's Resources

    Again and again, Pope Francis railed against our collective indifference to widespread suffering and urged humanity, especially world leaders, to do better. It's not too late to heed his call.

    Adam Parsons
    Apr 23, 2025

    Like millions of other people, I was deeply saddened to hear of the passing of Pope Francis, one of the most vocal and humble advocates for sharing the world’s resources.

    Since assuming the throne of St Peter in 2013, the Pope championed many causes that are dear to progressive activists—from agroecology to post-growth economics, fossil fuel divestment, arms trade regulation and global monetary reform.

    Keep ReadingShow Less
    Opinion
    pope francis
    LA climate protest.

    Why Are California’s Public Pension Funds Still Gambling Workers’ Savings on Fossil Fuels?

    CalPERS and CalSTRS—collectively representing $780 billion and 2.5 million members—must act on their fiduciary duty and responsibly phase out fossil fuel holdings.

    Shana DeClercq
    Lindsay Meiman
    Oct 18, 2023

    As world governments descended on New York City for Climate Week last month, California Attorney General Rob Bonta and Governor Gavin Newsom brought a momentous announcement: Following a year of record climate disasters, the state is suing the five biggest fossil fuel companies for climate damages and deception.

    In this crucial move to hold the perpetrators of wildfires, floods, smoke, and deadly heat accountable for the destruction they are wreaking in our communities, the state of California joins dozens of municipalities with similar damages and deception lawsuits against major oil companies.

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    Opinion
    fossil fuel divestment
    Tufts students carry signs demmanding fossil fuel divestment.

    Why Fossil Fuel Divestment Works

    Divestment is the start of a process of reducing the tremendous influence of the fossil fuel industry on our political system and thereby making it possible to win government action on climate change.

    Carlos Davidson
    Jul 09, 2023

    There is much debate about what fossil fuel divestment accomplishes. Some critics say it sounds good but accomplishes very little. They look at the economics and correctly conclude that divestment does not financially hurt fossil companies. However, these critics miss the political impact of divestment.

    The goals of fossil fuel divestment are twofold. First, is to raise public awareness of climate change and the responsibility of fossil companies. Second, is to stigmatize or delegitimize the fossil fuel industry by calling them out as bad actors, weakening them politically, and thereby helping win government action on climate change. The University of Oxford Stranded Assets Program studied a number of divestment movements and concluded that almost all had been successful in ultimately winning restrictive legislation against their targeted industries.

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    Opinion
    divestment

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