Do the Math: Divest!
December 6, 2012 Leave a Comment
In recent weeks, college students on dozens of campuses have demanded that university endowment funds rid themselves of coal, oil and gas stocks. The students see it as a tactic that could force climate change, barely discussed in the presidential campaign, back onto the national political agenda.
“We’ve reached this point of intense urgency that we need to act on climate change now, but the situation is bleaker than it’s ever been from a political perspective,” said William Lawrence, a Swarthmore senior from East Lansing, Mich.
What are the companies? Bill McKibben with 350.org has a good idea. The chart below is just the first ten on his group of 200.
Company | GtCO2 | Primary Fossil Fuel |
---|---|---|
Severstal JSC | 141.6 | Coal |
Lukoil Holdings | 43.56 | Oil and/or Gas |
Exxon Mobil Corp. | 41.03 | Oil and/or Gas |
BP PLC | 34.6 | Oil and/or Gas |
Gazprom OAO | 28.83 | Oil and/or Gas |
Chevron Corp. | 21.22 | Oil and/or Gas |
ConocoPhillips | 19.14 | Oil and/or Gas |
Total S.A. | 18.02 | Oil and/or Gas |
Anglo American PLC | 16.75 | Coal |
Here is the Rolling Stone article that caught the eyes of some of the young organzers.
Global Warming’s Terrifying New Math
Three simple numbers that add up to global catastrophe – and that make clear who the real enemy is
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