Divestment: Don't let your money play for the other team.

Fossil fuels are a great investment. That’s according to most investment bankers and pension fund managers, anyway. Money you put in is pretty secure, and you make a nice steady profit. That's why lots of pension funds, asset portfolios and company shares are invested in oil and gas.  

There are plenty of clever financial reasons why that’s not true, but the really big, glaring, (fossilised)-elephant-in-the-room is climate change. To stop climat change we need to keep fossil fuels in the ground, not invest in their future. 

Thanks to some serious campaigning, lots of organisations are realising that and selling those fossil fuel shares. In fact, in the last few years over 800 companies and organisations have bucked the oily trend and pledged to divest a total of $50 billion

But the part that we really love, that makes our socks roll up and down, is what's happening to the money afterwards. Plenty of those who've divested are now blazing a trail and reinvesting in renewable energy and environmental projects. Using the money that was hurting the planet to help build the future!

So to celebrate this week’s Global Divestment Day, we’ve collected a few of our favourite divestment and reinvestment stories to show that It's Happening all over the world, and to encourage others to join in.

The Marshall Islands, Photo: Keith Polya, Creative Commons

The Marshall Islands, Photo: Keith Polya, Creative Commons

The Republic of the Marshall Islands, where the university is based, is already seeing the impacts of climate change. But instead of just talking about it they decided to take action.

Photo: Westmill solar co-operative

Photo: Westmill solar co-operative

The council put £12m of its pension fund into the Westmill Solar project, which generates enough power for 1,400 homes.

St Clare Church, Stockholm. Photo: Pedro Szekely Creative Commons

St Clare Church, Stockholm. Photo: Pedro Szekely Creative Commons

The Church of Sweden removed the last of its $690m portfolio from fossil fuels in September. They are now investing in sustainable funds and other microfinance green projects.

The British Medical Assocition were the first medical organisation in the world to divest from fossil fuels in 2014. Photo: Salim Fadhley Creative Commons

The British Medical Assocition were the first medical organisation in the world to divest from fossil fuels in 2014. Photo: Salim Fadhley Creative Commons

Think this should happen more? There are tonnes of events being held around the world this weekend to mark Global Divestment DayFind one near you!

For more stories about action on climate change have a look at our #itshappening gallery

Photo: Sophia Louise, Creative Commons