I remember well the first institution to announce it was divesting from fossil fuel. The deeper question, though, is whether divestment is making a dent in the fossil fuel industry. Photograph: Stephane Mahe/ReutersAt first we thought our biggest effect would be to rob fossil fuel companies of their social licence. We can’t count on governments alone to do the work necessary – governments, from Canada and America to Russia and Saudi Arabia to China and India, are still too often beholden to the fossil fuel companies. • Bill McKibben is a writer and co-founder of the climate campaign 350.org

Source: The Guardian December 16, 2018 17:38 UTC