On the third day of COP21, 500 banks, companies, communities, foundations and associations claim their choice to disengage from fossil fuels. A pivotal step in the history of this movement led by the NGOs 350.org and Divest-Invest.

An impressive leap in the divestment effort" from companies. Thus the United Nations welcomes the announcement made, this Wednesday, December 2, in Paris, within the framework of the COP21 by 350.org et Divest-Invest.
A figure caught the attention of the UN: 500. This is the number of institutions (banks, companies, communities, universities, foundations, churches, associations) having today joined the campaign of 350.org and Divest -Invest for fossil fuel divestment. In concrete terms, the latter undertake to withdraw the money invested in fossil fuels and thus reduce their carbon footprint. A movement that the city of Seattle, in the United States, was the first to join in 2012.
Total amount of funds controlled by these 500 institutions, 3400 billion dollars. A dizzying figure, of course, but it is necessary to temper: it does not correspond to the money disinvested from fossil fuels but to all the assets owned by the institutions involved. In the absence of joint communication from the players involved in the campaign, the total amount of divestments is difficult to quantify.
19 French cities involved
In addition to its global announcements, the NGO 350.org also announced that it had obtained the additional commitment of 19 French cities, including Lille, Bordeaux, Dijon, Saint-Denis and Rennes.
In order to amplify the movement in France, the National Assembly adopted on November 25 a resolution encouraging investors - including companies in which the State holds shares - and local authorities to no longer invest in fossil fuels. This resolution, which lays the groundwork for a possible future bill, is a first in France on the political level.
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