Divest from Fossil Fuels
As governments move ever-so-slowly to determine viable policy solutions to climate change, there is a fast-growing movement among foundations, universities and other investors to take matters into their own hands. Ripple worked with the Alliance for Sustainable Colorado and the Intentional Endowments Network to publicize the first-ever Colorado gathering of experts exploring how to divest from fossil fuel companies and re-invest in the urgently-needed clean energy economy. More than 800 organizations and individuals have already divested over $50 billion, including the Rockefeller Brothers Fund, Stanford University, the Guardian Media Group, Naropa University and the City of Boulder. Momentum for this movement is building, not only because of climate change, but because of the financial risks of the “carbon bubble,” which experts say will burst once the true costs of carbon dioxide are taken into account in a company’s stock market evaluation, and governments begin to strictly limit emissions. Ripple generated high-profile media coverage for this event including: Colorado Public Radio, two stories in the Denver Post (here and here), two stories in Triple Pundit (here and here), plus the Denver Business Journal and KGNU community radio.