"Divesting from Fossil Fuels, Investing in the Future", 8 Oct 2014

Divest-Invest Philanthropy is a coalition of foundations committed to divesting from fossil fuels and investing in new energy solutions across asset classes such as renewable energy, energy efficiency, water purification, and agriculture...[The] New York Times ran an article [earlier this year] announcing that 17 foundations had resolved to get rid of fossil fuel investments in their own portfolios...[Last] month, more than 70 foundations in collaboration with individuals, universities, faith-based groups, schools, hospitals and cities from around the world—representing $50 billion—announced that they would divest from fossil fuels and invest in new energy solutions...Archbishop Desmond Tutu has emphasized the joint moral imperative between divestment from apartheid South Africa and the fossil fuel divestment movement....[The] worldwide [anti-apartheid] divestment movement accelerated the downfall of...apartheid...Divestment...means more than just a sale of an asset; it sends a signal...[that] business as usual is no longer acceptable.