February 11, 2014 Blue & Green Tomorrow | Alex Blackburne
‘Urgent’ conservation threat from climate change leads US group to fossil fuel divestment
A US conservation organization has divested 70% of the exposure to fossil fuel stocks it previously held, because of the “urgency of the threat” that climate change poses to a number of animal species.
The Conservation Breeding Specialist Group (CBSG), based in Apple Valley, Minnesota, said its conservation efforts would be undermined in the future as global average temperatures rise.
It was therefore seeking 100% divestment from the fossil fuel industry by 2017, with its first step to divest 70% of its exposure.
“CBSG is focusing attention on the issue of climate change due to the urgency of the threat to species and the need for accelerated action in the search for solutions”, said Onnie Byers, CBSG chair.
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