Financial Dominoes Fall for Coal as Divestment Trends Gather Steam

Fossil fuel divestment news filled my newsfeed over the past week, adding to a growing list of impressive divestment stories from the past year. Again and again, we see young people convincing their colleges to divest, activists convincing banks to divest, and shareholders convincing companies to divest.

Financial dominoes just keep falling for the coal industry, which makes divesting from coal not just a smart move for the climate, but a prudent investment decision as well. SNL Energy just reported that the market value of publicly traded coal companies fell by 50 percent in less than a year. As Politico's Mike Grunwald summed it up in a tweet this week:


Here is some of the latest:

The divestment movement is powerful, and it means business. These unrelenting financial headwinds for coal underscore the urgent need for our nation to put resources and political leadership behind an economic transition plan to assist with the move from coal to clean energy, especially for Appalachia. This movement represents thousands and thousands of people who see the harm that fossil fuels are doing to communities and our kids' future. It is taking billions of dollars out of the hands of industries who continue to meddle in politics in order to fight climate action and clean air and clean water protections. And it's just getting started.


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