1485 institutions with assets over $39.2 Trillion have committed to divest from fossil fuels
October 26, 2021
Institutions representing an unprecedented total of $39.2 trillion worth of assets have now committed to some form of fossil fuel divestment
In one of the largest divestment announcements of the decade long movement, on the eve of the COP26 climate summit, the fossil fuel divest-invest movement released a new report detailing how institutions representing an unprecedented total of $39.2 trillion worth of assets have now committed to some form of fossil fuel divestment, a figure that’s higher than the annual GDP of the United States and China combined.
Also announced are new commitments to divest from fossil fuels and invest in climate solutions from the cities of Rio de Janeiro, Glasgow (site of COP26), Paris, Seattle, Auckland, and Copenhagen through C40 Cities’ Divest/Invest Forum, led by London and New York City, as well as more than 70 faith institutions, including the Catholic Bishops’ Conference of Scotland.
There are now 1,485 institutions from 71 countries that have committed to fossil fuel divestment. Student activists are also announcing today new legal action against Marquette and John Hopkins Universities and the University of New Mexico.
Download the Divest Invest 2021 report to learn more about what the divestment movement has achieved, and what still needs to happen for a climate safe future for all.
View the Global Divestment Commitments Database to see the all the divestment commitments in detail.