Cape Town

Cape Town to divest!

Cape Town Mayor Patricia de Lille at a 2011 protest against the proposed 'Secrecy Bill'. Pic: David Le Page.

Cape Town Mayor Patricia de Lille at a 2011 protest against the proposed ‘Secrecy Bill’. Pic: David Le Page.

The City of Cape Town has committed to divesting from fossil fuels! Tucked away in a recent statement about the City’s green bonds, Mayor Patricia de Lille added:

I am taking this a step further and I have informed our Finance Directorate that we are going to divest from fossil fuel assets and companies in favour of greener and cleaner investments which are in line with our vision of a sustainable future. We are going to instruct investors looking after our money not to put our money into fossil fuel-related companies or for it to be used to fund the development of dirty and unsustainable projects. We want our investments to be aligned with our principles of resilience and sustainability.

Fossil Free SA, together with 350 Africa, has been campaigning for the city to divest since late 2016.

Also, following up on our May workshop, we’ve published an oped in Business Day on divestment: ‘Signs are the climate is right for divesting from the fossil fuel industry’.

Come to Fossil Free SA’s next community event on 26 July, 5.30 for 6pm, at 75 Harrington Street, Cape Town, to find out more about how you can join the global movement to divest from fossil fuels.

 

May Boeve of 350.org visiting Cape Town, UCT and Jozi

4077149923_d7123e93ef_bMay Boeve is the new executive director of 350.org, the grass roots global climate movement that three years ago initiated the fast-growing global divestment movement. She succeeds Bill McKibben who, together with 350.org, was a recipient of the ‘alternative Nobel prize’, the Right Livelihood Award for 2014. May, who was recently profiled by the Guardian, which hailed her as the ‘new face of the climate change movement’, is visiting South Africa over the next week, and will be speaking on several different occasions about the global climate and fossil fuel divestment movements:

  • Monday 11 May, 09h00–11h00: AIDC (129 Rochester Rd, Observatory, Cape Town) Session 1: Fossil fuel divestment and the global movement. Session 2: Climate justice in South Africa – information sharing session and presentation by Project 90×2030 on mobilization around the forthcoming AU Summit. (Please RSVP to either neoka@project90by2030.org.za or khomotso@350.org)
  • Monday 11 May, 17h00: University of Cape Town Upper Campus: Snape Building SNLT 1: Public talk on the global climate and fossil fuel divestment movements. (B4 on this map).
  • Tuesday 12 May, 12h45: A closed talk at Stellenbosch University, email via this Facebook link for details.
  • Wednesday 13 May 2015: 17h30 for 18h00, Constitutional Hill, Johannesburg: A divestment dialogue

Fossil Free South Africa launches in Cape Town

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Revd Mpho Tutu of the Desmond and Leah Tutu Legacy Foundation

On Wednesday 12 November, we had our first of several launches for the expanded Fossil Free South Africa campaign at the Mountain Club in central Cape Town. Around 80 guests gathered to hear Mpho Tutu, director of the Desmond and Leah Tutu Legacy Foundation, talk about her experience of the anti-apartheid divestment campaign of which her father, Archbishop Emeritus Desmond Tutu, was a leader. She also outlined the profound injustice of climate change – that those least responsible for creating the problem are and will be most affected.

Anton Cartwright, the Mistra Urban Futures researcher at the African Centre for Cities at the University of Cape Town spoke about climate impacts, the practicability of renewable energy as a replacement for ‘baseload power sources’ like coal and nuclear (it’s practical), and also passionately addressed the moral dimensions of the issue.

IMG_1265I (David Le Page) gave an in-depth account of the rationale for the campaign, and its international dimensions, Samantha Bailey gave the 350.org perspective and Rob Zipplies spoke about the nuts-and-bolts of our local efforts and fundraising, all of which are detailed on our Thundafund site. (Do contribute – we need funding to keep this work going.) An energetic question-and-answer session raised lots of issues and possibilities.

Anton Cartwright

Anton Cartwright

We certainly don’t have the answers to all the questions yet – a lot of research and work is still needed to clarify the possibilities for alternative carbon-free investments. But we’ve made a start. And one of our audience members has already drafted template letters that you can use to lobby either the UCT or other pensions funds for divestment! So please start firing off those letters.

Next week, Rob and I head off to host similar events around the country, starting in Bloemfontein and going on to Johannesburg, Pretoria and Durban. Please do share the details of those events with your friends in those cities!

Many, many thanks to everyone who supported this event, whether as guests, registrars, lighting assistants or wine donors (thanks again, Spier).

It was a busy week for us… on Thursday, I heard 25 students at the Raymond Ackerman Academy for Entrepreneurs at the UCT Graduate School of Business passionately presenting their research on the issue of whether or not UCT should be invested in fossil fuels. The forum was a debating club. There were dissenters who raised important questions and considerations, but most of the students are very much in favour of UCT divesting, pointing again and again to the university’s stature and claims to ‘values-based leadership’. Indeed, many seemed quite puzzled that UCT is invested in fossil fuels. Some interesting personal testimony came from a young man who had aimed to earn large amounts of money working on oil rigs, but had become disillusioned by the realities of the industry.Photo on 2014-11-13 at 1.16 PM