The collective power of one movement, 2000+ individuals, and 400 institutes, equals 2.6 trillion dollars — all being divested from old, unclean energy sources such oil, coal, and gas. Right now, Leonardo DiCaprio is just as fired up as the Divestment movement is, and for the first time in a long time, a clear message is being sent not only to world leaders, but also, perhaps more importantly, to corporations.
The message comes in a language they certainly know well, and that is dollars. The divestment movement is asking institutions whose profits are derived from oil, gas, and coal to simply divest that money into renewable energy sources and climate solutions. This time last year the world’s largest private bank, UBS, was urging investors to join the clean, renewable energy movement. Analysts at the bank said that power plants in Europe might be extinct within the next 10 to 20 years. According to an economic analysis report done by Arabella Advisors, factors contributing to people becoming more aware about our planet and how we are impacting it are apparent. Here are highlights of the report and what some of the numbers show.
