Why did SunCommon decide to divest?
“The Divest/Invest movement launched in 2014 to encourage people to get their investments out of corporations harming our atmosphere and instead help grow the sectors restoring our environment. It’s turning away from the harms that got us here while simultaneously supporting the solution. At its core, SunCommon is a market solution to the climate crisis. So it is our obligation to get our own investments out of climate-killing companies and into firms that are doing the right thing for the planet.”
So wait a minute, do we say “divestment” or “divest/invest”? What’s the difference?
“Well, they’re similar, but “divest/invest” has specific relevance to today’s climate movement. The divestment movement has been around for a long time, before we were talking about divesting from fossil fuels. Divestment is most well known for the actions taken to end Apartheid in South Africa starting in the 1960s. Under social and political pressure, businesses and investors pulled their financial investments out of South Africa, which put pressure on the oppressive political class to end the era of legal discrimination, segregation, and racial oppression. This divestment movement was ultimately successful, leading to the democratic election of anti-apartheid activist Nelson Mandela in 1994.
So now with the urgency to address our climate crisis, we’re putting pressure on organizations around the world to divest/invest — to pull their financial interests away from fossil fuels and then invest them into clean energy and low-carbon solutions. So divest/invest specifically brings focus to reinvestment into the future we’re working to build.”