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View Diary: Slow Down And Open Your Eyes (4 comments)

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  •  Who up for making some phone calls? (1+ / 0-)
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    Ray Pensador

    The giants of the green world that profit from the planet's destruction

    The Natural Resources Defense Council is halfway there. It has a $118m endowment and, according to its accounting team, for direct investments "we specifically screen out extractive industries, fossil fuels, and other areas of the energy sector". However, the NRDC continues to hold stocks in mutual funds and other mixed assets that do not screen for fossil fuels. (The Fossil Free campaign is calling on institutions to "divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years".)

    Purists will point out that no big green group is clean, since virtually every one takes money from foundations built on fossil fuel empires – foundations that continue to invest their endowments in fossil fuels today. It's a fair point. Consider the largest foundation of them all: the Bill & Melinda Gates Foundation. As of December 2012, it had at least $958.6m – nearly a billion dollars – invested in just two oil giants: ExxonMobil and BP. The hypocrisy is staggering: a top priority of the Gates Foundation has been supporting malaria research, a disease intimately linked to climate. Mosquitoes and malaria parasites both thrive in warmer weather, and they are getting more and more of it. Does it really make sense to fight malaria while fuelling one of the reasons it may be spreading more ferociously in some areas?

    Get more organizations on the record.  Get them to sign pledges.

    -7.75 -4.67

    "Freedom's just another word for nothing left to lose."

    There are no Christians in foxholes.

    by Odysseus on Fri May 03, 2013 at 08:50:11 AM PDT

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