We want a stable climate, healthy children, clear air and water, a switch to wind and solar energy, green jobs, stable energy costs and energy independence, honest governance, more land for food and forests, sound investments, fewer wars and quieter cities, all of which are threatened by fossil fuels: oil, gas and coal.
SA government Covid-19 resource portal
Our campaign is at root a fundamental struggle for human rights and life. Fossil Free SA supports all efforts to end the global Covid-19 crisis as quickly as possible via responsible science-based interventions such as mask wearing, physical distancing and self-isolation where infection is suspected or known. We note with dismay that Covid-19 is greatly worsening economic inequality and adding to the burdens of those already most likely to be adversely affected by climate change.
The problem we're trying to fix
Fossil fuel companies, whatever they may say, are mostly still intent on burning all their reserves of coal, gas and oil. If we let them do this, they may make our planet, Mother Earth, unliveable for a very substantial section of humanity, within a few decades. Too many governments and politicians have been corrupted by fossil fuel money. Asset managers and the financial services industry in South Africa have so far refused to change their investment models, effectively propping up the fossil fuel industry. Pension fund trustees are often too intimidated by asset managers and consultants to properly exercise their independence.
Do you know your bank's policy on funding coal?
South African financial institutions – such as banks and asset managers – mostly have dreadfully inadequate climate policies. Good policies would phase out all fossil fuels at a speed consistent with science-based emissions reductions targets. Reclaim Finance has built a great Coal Policy Tool that shows how bank lending policies perform in respect of coal. We hope that in time it will also cover oil and natural gas policies. We are working to have SA’s bigger asset managers included.
If you support our broad aims and objectives please sign up for our mailing list. We also ask for details such as who manages your investments, so that we can target our campaigning better.
Canvassing asset owners and managers
Retirement funds can help build a stronger future for all by divesting from coal, oil and gas companies to help avert climate catastrophe, air and water pollution, and corruption; investing to build the foundations of a sustainable and restorative economy. We are working on canvassing asset managers and owners to help actualise this future while ensuring there is an economy for your capital to live in as climate breakdown advances.
Campaigning for SA universities to divest from fossil fuels
In late 2019, the UCT (University of Cape Town) Convocation voted (again) in favour of our motion for the university to divest from fossil fuels, as well as our amendment for UCT to help lead a Climate Emergency Divest Invest Coalition amongst South African universities and foundations. We will be strongly encouraging UCT to listen to the voice of Convocation and partner with other universities to forge a path for divestment and progressive investment in South Africa..
We provide thoughtful, regular updates on the state of divestment, climate-related news and our actions as an organisation.
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