South Africa: Campaign to Disinvest in Fossil Fuels Kicks Off in Cape Town
Climate change campaigners have launched a fossil fuel disinvestment campaign in a bid to get South African cities, pensions funds and institutions to extract their investments from coal, oil and gas.
Fossil Free South Africa and 350Africa, local branches of international NGOs founded to fight global climate change, are targeting the City of Cape Town in the start of their campaign.
Ahmed Mokgopo of 350Africa said the local campaign was part of an international movement which had resulted in 700 institutions, mainly in the US, Europe and Australia, making commitments to disinvest a total of $5 trillion from fossil fuel companies.
Scott Wallace / World Bank