Scientists have concluded that 70-80% of the fossil fuel reserves that are considered to be assets by the major fossil fuel companies need to stay in the ground. Extracting and burning these fuels will cause irreparable damage to the world's climate. These "stranded" assets will lose their value - and investors in these companies will see those investments fall. More importantly, investing in fossil fuel companies means betting against the health and well-being of our kids and future generations.
The power of divestment was demonstrated in the 1980's during the fight to end apartheid in South Africa. Pulling investments away from fossil fuel companies is a potent way for individuals to collectively make a powerful statement about global warming.
Personal divestment is not hard to do, and it does not mean that investors have to take on added risk - whether they are conservative, income-oriented investors or aggressive, growth investors. The personal divestment movement also presents the opportunity for more people to learn about (and invest in) renewable energy and energy efficiency - the heart of the new energy economy.
Forum Topics: (3:30-5PM)
Speakers: Dan Quinlan (divestor.org), Tom Francis (Fossil Free Indexes), Karin Chamberlain (Clean Yield Asset Management), Harris Roen (The Roen Report), Jake Ide (Vermont Community Loan Fund)
Reception (5-6PM): Appetizers & Cash Bar
Suggested donation: $10 (donate at the door or on-line following the RSVP form.)
Sponsors: The organizers would like to express their gratitude for the wonderful support of The Main Street Landing Company, The Skinny Pancake, and Progressive Asset Management.
Organizers: This event has been put together by divestor.org, 350 Vermont, and Deborah Messing.