The Fossil Fuel Bubble

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The Fossil Fuel Bubble

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Friday, February 21, 2014 - 8:20am

An interesting phenomenon is happening in the world of philanthropy. 17 large and reputable Foundations, including the Ben & Jerry’s Foundation, The Educational Foundation of America, The John Merck Fund, The Russell Family Foundation, The Sierra Club Foundation, and the Wallace Global Fund, with assets totaling nearly $2 billion, have launched an initiative to divest from fossil fuel investments and place those funds into clean technology and organizations that beget a sustainable future.

This initiative, called Divest-Invest Philanthropy, has been created to raise awareness about the importance and urgency of moving away from fossil fuels and towards climate solutions. The Foundations involved in the Divest-Invest Philanthropy are joining environmental activist organizations like Bill McKibben’s as well as college students across the country (who are questioning en masse the endowment investment practices of their schools) to make a stand.


Keywords: Environment & Climate Change | Energy | Environment & Climate Change | Ethical Production & Consumption | Green Builder Media | Sara Gutterman | Technology | clean technology | fossil fuel | philanthropy