Divestment campaigns led by Noe21 and 350.org
The US-based environmental organisation 350.org has long campaigned to increase awareness regarding the large sums invested in fossil fuels. Often, people invest in the discovery of new oil and gas fields inadvertently through their pension funds, thereby contributing to global warming; since in most cases these investments are not disclosed to the bank account holders, postal or pension funds. The global Fossil Free and divestments movements initiated by 350.org aim to divest from the industries exploring, extracting and refining hydrocarbons.
Noé21 aims to locate this global movement of financial disinvestment in Geneva, one of the world’s largest finance centres, by exerting a pressure on the CPEG (a canton-based pension fund) to include fossil fuels in their exclusion list containing tobacco, pornography and nuclear.
- For more information download the project sheet (PDF in French)