It’s not often at Green America that we highlight members of the 1% as an example to follow, but recent action by the Rockefeller family now serves as a model for many Americans. The Rockefellers have instructed the Rockefeller Brothers Fund to divest its holdings of fossil fuels, joining a growing list of foundations that are taking this stand against irresponsible fossil-fuel polluters. Since the family’s wealth — much of which is now in charities — was made from Standard Oil (now Exxon), the move is particularly meaningful.
The divestment decision comes after years of the Rockefellers engaging with Exxon and trying to encourage the company to be more sustainable, without much success (for 10 years Green America and its members also put direct pressure on Exxon). Exxon and the other major fossil fuel multinationals have made it clear that they plan to pursue a strategy of increasing the production of fossil fuels for decades. That means increased drilling in fragile ecosystems, with the inevitable major spills on land and seas. That means more fracking and more tar sands fields. It also means pumping way more carbon into the atmosphere and warming the planet to levels it hasn’t experienced in millions of years, creating massive disruptions to civilization as we know it, and speeding the extinction of thousands of species.
You don’t have to be a Rockefeller to take part. Here’s four steps to take action with your money:
- Divest from climate polluters and reinvest in clean energy.
Green America’s Fossil Free Investment campaign has the most complete resources available.
- Break up with your megabank.
Megabanks continue to invest billions in coal and other fossil fuels, even after pledging to go carbon free. Green America’s Break Up With Your Megabank Campaign has all the resources you need to move your money to banks and credit unions that invest in local communities and green companies.
- Take the Divest/Invest Pledge.
The Divest/Invest coalition is asking people to take their pledge to divest to demonstrate the growing numbers of individual investors who are saying no to fossil fuels in their portfolios.
- Share this information widely.
Encourage family, friends, your house of worship, school, etc. to divest their money from fossil fuels as well. The faster the movement grows, the more pressure there will be on polluters.
The People’s Climate March – 400,000 strong – demonstrated that Americans are willing to take action for climate change and are not going to wait for Washington or all Street to take action. We can all take action with our money for the climate. In the 1980’s the divestment movement made a huge impact on ending Apartheid in South Africa. Now, it’s our turn to divest our money from fossil fuels and invest in the clean energy economy we need.
Take action today!