Brussels, 5 May 2017
Divesting from fossil fuels is among the European Green Party priorities. This is why, on the occasion of the Divestment Week starting today, the European Green Party will launch a new chapter of its #DivestEurope campaign, focusing every month on one of Europe’s Big Polluters and explaining why it is necessary to withdraw capital, i.e. divest, from these companies.
Commenting on the start of this new section European Green Party Co-chairs Reinhard Bütikofer and Monica Frassoni said:
“Climate change is not a future danger - it is happening: 16 of the 17 hottest years in history were recorded after 2000, and 2016 was the hottest year on record, marking a new high for the third year in a row. And yet, climate change is currently an item low on the European and international agenda - which is short-sighted and disastrous. Many of the world's conflicts have direct relations to climate change consequences - and many more will, if climate change is not limited. The future is fossil free, or there is no future.
“We will target Europe's Big Polluters - the large European fossil fuel companies, emitting a vast part of CO2 responsible for destroying our climate. They currently continue their archaic business model, but we will show them that it has no future and that Coal, oil and gas must stay in the ground. Investing in fossil fuel companies means investing in a man-made catastrophe. This is why we call to divest from Europe's Big Polluters and break free from the devastating fossil fuel industry. Institutions worth around $5,5 trillion have already divested their assets, building up pressure on fossil fuel companies."
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Head of Communications and Press