First Ever Global Divestment Day February 13 & 14th

by: EJ on 02/11/2015

Divestment Campaigners Tell Administration “Don’t Bank on Tar Sands”

Campuses around the world are joining together in the first ever Global Divestment Day. Students are calling on their campus administrators to drop dirty energy companies like those in Canada’s tar sands. Dozens of events are planned across Canada and hundreds around the world. To find an event near you, go to Fossil Free, Global Divestment Day.


The movement's message is “Fossil fuel projects like the tar sands are history and renewable energy is the future. Post secondary institutions need to choose to divest from fossil fuels and invest in the clean, just energy solutions that are powering the way forwards.”

When announcing the plan to produce a balanced budget for BC, one of the key points made by Finance Minister Michael de Jong was British Columbia's diverse economy.  Recent fluctuations in the price of oil have made all too obvious the political and economic ramifications of the carbon bubble.  Students are pointing out that this approach combined with the moral risks of tar sands development makes it imperative to send a strong message to the oil industry.  This year alone, three tar sands projects have been shelved and prospects for the Keystone XL pipeline in the United States do not look good. We need to move beyond a tar sands economy.

“Climate scientists and economist are both warning us that the world needs to stop burning dangerous fossil fuels like the tar sands. The moral and the financial risk are both too high, it’s time to divest now and reinvest in just, clean energy” says the Fossil Free press release.
Over the past two years the fossil fuel divestment movement has grown to hundreds of campuses, churches, cities, towns and communities with over $50 billion already divested from fossil fuels. It has been called the fastest growing divestment campaign in history.                   

“Divestment just makes sense, period.  Stephen Harper’s eight year push to make Canada a dirty energy super power has failed and now it’s time for organizations to divest from dirty energy like tar sands and reinvest in sustainable energy for people and the planet.”

Looking for more information on how to do this?  Finding any money options that are completely free from the inky stain of tar sands investments is challenging indeed.  Here are a few resources recommended by Fossil Free.  Review these contacts carefully.  It has been my experience that it is not too hard to avoid investing directly in the tar sands. However, if you also wish to divest from any organization, particularly financial organization, that supports tar sands development, this gets really difficult.  Not even our local credit union can assure me that my funds will not be used by another financial organization to invest in the tar sands. 

Trillium Investment
"Extracting Fossil Fuels from Your Portfolio"

Fossil Free Indexes
"Fossil Fuel Divestment for Index Investors"

Genus Capital Management
"Fossil Fuel Free Investing"

Principum Investment
Clean Economy Portfolio (Fossil Fuel Free)

This valentine's day do something that really shows your love.  Not just for your sweetheart but for every sweetheart with dreams of a future where there are red roses to grow and hearts to love our beautiful planet.


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