Some good news! — Molly
By NANCY ROMER
After five years of tireless organizing, the movement to divest NYC public worker pension funds from fossil fuels scored a win. On January 10th, Mayor Bill de Blasio announced that New York City will divest the $5 billion of its pension funds presently invested in fossil fuel stocks. It will also sue the top five fossil fuel corporations—ExxonMobil, Shell, BP, Chevron, ConocoPhillips—charging that because they hid the evidence that burning fossil fuels causes climate change, they are responsible for the billions of dollars the city has spent on climate remediation.
The divestment campaign provides an excellent example of how dedicated organizing, clear demands and strategies, creative tactics, strong coalitions and good luck can come together for a win.
Please continue this article here: http://www.truth-out.org/buzzflash/commentary/how-new-york-city-won-divestment-from-fossil-fuels
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