The logic of divestment is simple: we shouldn’t be funding our retirement by investing in companies whose operations ensure we won’t have a safe planet to retire on. Local governments have the opportunity to be leaders in combating this contradiction by divesting their funds from fossil fuel companies. MIP in partnership with Bill McKibben and 350.org, is working to support the local government fossil fuel divestment movement. Building on the example set by Mayor McGinn of Seattle, we’re removing municipal funds from fossil fuel investments, and working with pension funds to do the same.
James Irwin, and Satya Rhodes-Conway. Divestment from Fossil Fuels: A Guide for City Officials and Activists. Mayors Innovation Project, 2014.