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Guardian launches divestment campaign‏

Keep it in the ground

Join us and more than 95,000 others in urging the world’s two biggest charitable funds to move their money out of fossil fuels

Sign the petition

To Bill and Melinda Gates, founders of the Bill and Melinda Gates Foundation; Jeremy Farrar and Sir William Castell, director and chair of the Wellcome Trust:

Your organisations have made a huge contribution to human progress and equality by supporting scientific research and development projects. Yet your investments in fossil fuels are putting this progress at great risk, by undermining your long term ambitions.

Climate change poses a real threat to all of us, and it is morally and financially misguided to invest in companies dedicated to finding and burning more oil, gas and coal. Many philanthropic organisations are divesting their endowments from fossil fuels. We ask you to do the same: to commit now to divesting from thetop 200 fossil fuel companies within five years and to immediately freeze any new investments in those companies.

The Guardian, one of the world’s most respected and influential newspapers, is today joining the fight to keep fossil fuels underground by launching its very own divestment campaign in partnership with 350.org.

In a watershed moment for the growing divestment movement, The Guardian is setting its sights on the contradictory fossil fuel investments of two of the largest philanthropic health and development organisations — the Bill and Melinda Gates Foundation and the Wellcome Trust.  Both are heavily invested in the industry wreaking havoc on our climate — a move that’s completely at odds with their missions to create a better world.

Both foundations are full of good people who recognise the huge threat that climate change poses to the health of millions — but their investments are completely out of step and actively undermining their own good work. Join our new campaign with The Guardian to end this dangerous double standard now:

Call on the Wellcome Trust and Gates Foundation to divest from fossil fuels immediately

Together, we can convince these leading philanthropic organisations to lead by example and stop profiting from the industry wrecking our chances of a safe, healthy future. If the Gates Foundation and the Wellcome Trust divest from fossil fuels, it will send a powerful signal that tackling climate change and promoting global health and development are two sides of the same coin.

We know this can work – it already is! The fossil fuel divestment movement is winning new victories every week – from the City of Oslo to the Rockefeller Foundation – and each act of divestment helps build an even stronger case for keeping fossil fuels underground.

With enough of us on board – and working with The Guardian newspaper – we know we can convince huge health and development charities like Wellcome and Gates to divest and create the watershed moment needed for climate action.

Sign the petition now – and then please share it widely with friends and family

It’s completely counter-productive to help those affected by climate change using money made from the fossil fuel industry. And it’s increasingly clear that fossil fuels are a bad long term investment. To avoid climate crisis, we’re going to have to leave 80% fossil fuels in the ground — which means current fossil fuel shares are massively overvalued and investors could lose billions.

This is a battle we must win, and together we will.  Over the coming months we’ll be working with The Guardian, Avaaz and other partners to help us secure some major divestment wins around the world – please do join us.

Louise

p.s. click here to listen to a fascinating podcast by the Editor of The Guardian on why he decided it was time to use their influence to make an impact on climate change.


350.org is building a global climate movement. You can connect with us on Facebook, follow us on Twitter, and become a sustaining donor to keep this movement strong and growing.

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About Claudia Borgna

Claudia Borgna artist

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