Commentary: Anti-apartheid divestment built a movement of people. That’s what the climate crisis needs
by Zeb Larson, Los Angeles Times
Feb 18, 2022
3 minutes
The environmental activist and writer Bill McKibben estimates that the movement to pressure institutions to stop investing in and profiting from carbon-emitting industries has resulted in institutions pledging to pull $15 trillion in investments from polluting companies.
That’s an incredible achievement in just one decade. However, climate divestment’s increasing visibility has also cultivated an audience of detractors. Some opponents claim that divestment cannot meaningfully change the demand for fossil fuels — and in fact, lowering share prices can make those companies attractive to less ethical investors. Going a step further, such critics claim that divestment’s economic harm
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