ROMANTICS MAY look forward to sharing their love this weekend, but as far as the organizers of Global Divestment Day are concerned, Valentine’s Day is for breaking up.
Environmental activists have designated February 13 and 14 for collective action “to sever our ties with the fossil fuel industry whose plans will destroy the planet as we know it.” To intensify hostility toward oil, coal, and natural gas companies — which the divestment movement’s godfather, climate militant Bill McKibben, labels “Public Enemy Number One” — the Fossil Free campaign urges individuals to stop doing business with banks or pension funds that invest in fossil fuels, and encourages college students on college campuses to put pressure on administrators to rid their endowment funds of holdings in traditional energy corporations.
“Fossil fuel investments are a risk for investors and the planet,” the activists claim, so it is imperative to “loosen the grip that coal, oil, and gas companies have on our government and financial markets.” The fact that fossil-fuel stocks have generally performed well for funds investing in them is beside the point. “If it’s wrong to wreck the planet, then it’s also wrong to profit from that wreckage.”
Wreck the planet?