Global divestment commitments now span institutions worth nearly $40 trillion

When we started working on building a fossil fuel divestment movement here in South Africa, the global pool of capital that had committed to removing fossil fuels was less than $200 million. Only a handful of institutions had made the commitment. In the letter to UCT that launched our campaign, we could point to only six US universities that had taken this step.

We are delighted to report that eight years later, institutions worth a collective $40 trillion (take a look) have now undertaken various forms of divestment.