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Case for Divestment is Stronger than Ever
From 350 Wisconsin & followup to our November meeting
Results of the U.N. Climate Conference (COP 27) in Egypt emphasize that governments will not lead until grassroots activists force them to. It is more important than ever to keep pressing our Wisconsin State Retirement pension fund and other large institutional investors to stop financing fossil fuel expansion and instead fund the world we want to live in.
Also, despite recent global developments, there is still a strong financial case for  fossil fuel divestment. The new report from the Institute for Energy Economics and Financial Analysis (IEEFA) reiterates that climate risk is a financial risk:
“An unsustainable military intervention is at the root of the recent price spikes. Market fundamentals for oil and gas are weak because disarray within the industry and competition threatens the industry’s growth plans. For investors seeking a steady, stable investment, fossil fuels are unreliable. Today and going forward, fossil fuel companies offer volatility, spurious innovations and political calamity.” Check out full IEEFA report
Take a moment to help Climate Safe Pensions for Wisconsin get the Wisconsin State Retirement Fund to divest its millions of dollars of fossil fuel investments. Visit their new website to find resources and to take action signing their petition below.
[Note: Everyone can sign the petition]
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