We want institutional leaders to immediately freeze any new investment in fossil fuel companies, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
200 publicly-traded companies hold the vast majority of listed coal, oil, and gas reserves. Those are the companies we’re asking our institutions to divest from. Our demands to these companies are simple, because they reflect the stark truth of climate science:
- They need to stop exploring for new hydrocarbons immediately.
- They need to stop lobbying in Ottawa and provincial capitals across the country to preserve their special breaks.
- Most importantly, they need to pledge to keep 80% of their current reserves underground forever.