Mono Lake Committee divests from fossil fuelsJuly 13th, 2015 by Geoff, Executive Director
A worldwide fossil fuel divestment movement has begun involving governments, educational institutions, foundations, faith-based groups, individuals, and non-profit organizations. Participants range from Stanford University to the City of Seattle to the Ben & Jerry’s Foundation to Britain’s Prince Charles. We’re pleased to inform members that the Mono Lake Committee is part of the movement.
As inspirational climate leader and Mono Lake Committee member Bill McKibben says, divestment is a simple, direct action that counters “the scary new math of climate change.”
The Committee’s savings account hardly rivals those of big institutions. But similar to our solar panel installation several years ago, we need to continue to do our part to counter carbon pollution—an issue close to home as we grapple with the effects of a changing climate at Mono Lake.
While coal, gas, and oil companies were never a special focus in the Committee’s investments, they were often present in the diversified funds we used to safeguard endowment gifts, member bequests, and other savings. But no longer. The Mono Lake Committee has now fully divested from fossil fuels.
This post was also published as an article in the Summer 2015 Mono Lake Newsletter.