I?m sure the people who suffered through apartheid would beg to differ.
Via National Review:
For a moment during his climate speech on June 25, President Obama joined the fossil-fuel-divestment movement when he said, ?Invest. Divest. . . . Make yourself heard.? The leading group of divestment activists, 350.org, said, ?Obama?s shout-out to the fossil fuel divestment movement is a huge endorsement.? But what did Obama endorse, exactly?
The goal of the fossil-fuel-divestment movement is for ?institutional leaders to immediately freeze any new investment in fossil fuel companies, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.?
Divestment activists claim their movement rests on the same moral foundation as the movement to divest from South Africa during apartheid. The website gofossilfree.org, a spin-off of 350.org,?tells?the success story of the latter movement:
?By the mid-1980s, 155 campuses ? including some of the most famous in the country ? had divested from companies doing business in South Africa. 26 state governments, 22 counties, and 90 cities, including some of the nation?s biggest, took their money from multinationals that did business in the country. The South African divestment campaign helped break the back of the Apartheid government, and usher in an era of democracy and equality.?
Comparing the anti-fossil-fuel movement to the anti-apartheid movement is shameful. The anti-apartheid movement fought to free oppressed South Africans from their racist government. The fossil-fuel-divestment movement, in contrast, isn?t fighting political oppression or racism. It?s fighting the energy Americans rely on to live their lives.
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