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Your money or your morals: capitalism and fossil fuel divestment

The divestment movement highlights a set of challenges to the future of capitalism that extend far beyond its unsustainable environmental externalities.

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JoelMillwardHopkins2.jpg
JoelMillwardHopkins2.jpg

New York Fossil Fuel Divestment Rally, Manhattan, 27 March 2014. ©Adam Welz for 350.org /0235.jpg. Flickr/350.org. CC BY-NC-SA 2.0.

The fossil fuel divestment campaign has become one of the most rapidly growing divestment movements in history and has unified an impressive diversity of supporters—from liberal Californian universities to the Rockefeller’s family trust. But the contradictions between divestment and the logic of neoliberalism are enduring, and arguments between campaigners and their opponents are typically framed by questions relating to efficiency, feasibility, and the ethics of using fossil fuels.