Bill McKibben writes: Earlier this month, the trustees of the city graveyard in Santa Monica, California (final resting place of actor Glenn Ford and tennis star May Sutton) announced they were selling their million dollars worth of stock in fossil fuel companies. As far as I know they were the first cemetery board to do so, but they join a gathering wave of universities, churches and synagogues, city governments and pension funds.
In the last few months, fossil fuel divestment has turned into one of the fastest-growing protest campaigns in recent American history – and it’s already reached all the way to Australia, where portions of the Uniting Church have announced they’ll sell their fossil fuel stock as well.
It’s happening because it’s one of the few ways for concerned people and institutions to take a stand on climate change, and confront the enormous power of the fossil fuel industry. But it’s also happening because once you run the numbers, there’s no way to escape the conclusion that this industry is now an outlaw industry. Not outlaw against the laws of the state – they generally have a large hand in writing those – but outlaw against the laws of physics. [Continue reading…]