Who are we?
Divest JMU is a student-led campaign involving students of all ages and areas of study. What bonds us together is our concern for the injustices caused by fossil fuel extraction and the human rights violations bound to occur based on climate change predictions if the fossil fuel industry continues to conduct “business as usual.” We are building student power to demand our institutions act in our interest and in the interest of society as a whole.
What is Divestment?
Divestment is the opposite of investment– it means getting rid of stocks, bonds, or investment funds that are unethical and investing elsewhere instead. In this case, we’re calling on colleges and universities to divest from fossil fuel industries in order to help trigger the transition we need to transition into a clean and just energy economy.
How does it make a difference?
By pressuring our colleges and universities to divest from fossil fuel companies, we are able to send a clear message that these industries no longer have the social license they require to operate. This tactic has been used successfully in the past to help liberate South Africa from apartheid, and now we’re using it to tackle the fossil fuel industry.
Why the fossil fuel industry?
Climate change is already causing massive destruction around the world. Disproportionately indigenous and people of color communities down stream are being effected by climate change that is directly fueled by fossil fuel industry. We need to hold the fossil fuel companies accountable and show them that climate change is affecting communities now!
Fossil fuels are risky business
Fossil fuel companies are highly overvalued due to the assumption that all of their reserves will be burnt. But as a policy matches up to climate realities, this overvaluation means there’s a multi-trillion dollar “carbon bubble” that’s Renewable technology, energy efficiency, and other sustainable energy technologies are a growing market, with poised to burst.
There are profitable alternatives that we know exist.