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The giants of the green world that profit from the planet's destruction
Key Excerpts from Article on Website of The Guardian (One of the UK's leading newspapers)
Posted: May 7th, 2013
http://www.guardian.co.uk/commentisfree/2013/may/03/giants-g...
The movement demanding that public interest institutions divest their holdings from fossil fuels is on a serious roll. Chapters have opened up in more than 100 US cities and states as well as on more than 300 campuses, where students are holding protests, debates and sit-ins to pressure their [universities] to rid their endowments of oil, gas and coal holdings. Some schools [in the UK], including University College London, ... already have active divestment campaigns. Four US colleges have announced their intention to divest their endowments from fossil fuel stocks and bonds and, in late April, 10 US cities made similar commitments, including San Francisco [and Seattle]. To quote the mission statement of the Fossil Free movement: "If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. We believe that educational and religious institutions, city and state governments, and other institutions that serve the public good should divest from fossil fuels." An important target is missing from the list: the environmental organisations themselves. Some of the most powerful and wealthiest environmental organisations have long behaved as if they had a stake in the oil and gas industry. They led the climate movement down various dead ends: carbon trading, carbon offsets, natural gas as a "bridge fuel" what these policies all held in common is that they created the illusion of progress while allowing the fossil fuel companies to keep mining, drilling and fracking with abandon.
Note: For deeply revealing reports from reliable major media sources on global warming, click here.
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