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November 3, 2014

Ban Ki-moon urges pension funds to reduce investments in fossil fuels

Ban Ki-Moon urges pension funds and insurance companies to divest from fossil fuels and invest in renewable energy at IPCC climate report presentation, November 2, 2014.

UN Secretary General Ban Ki-moon gets it – business as usual is not an option. Divestment is a global necessity if we are to transition to a low-carbon economy.

He revealed yesterday at the launch of the IPCC report, that he has been urging the world’s largest companies and pension funds to divest from fossil fuels and re-invest in renewable energy. “I’m asking them – please reduce your investments in coal and fossil fuel based economy to renewable energy.”

Want to get involved in the divestment movement? Learn more here

You can watch the video of this section of the press conference here: