What we do
350 Aotearoa’s work is currently focused on fossil fuel divestment – in other words, getting institutions to withdraw their investments from coal, oil and gas companies. The purpose of divestment is to remove the social licence from the fossil fuel industry. Once fossil fuels are viewed by society as just as immoral as tobacco, munitions, and pornography, the industry’s power will decrease significantly. Full removal of social licence, as happened with the South African Apartheid divestment movement, would mean a safer climate future for all.
In order for an institution to be officially Fossil Free, they must fulfill two criteria:
- Remove all investments in fossil fuel extraction companies within the next three years.
- Commit to no future investment in fossil fuels.
Current divestment campaigns include:
New Zealand Superannuation Fund
NZ Super Fund divestment would pave the way for many KiwiSaver schemes to divest as well. Sign the petition to get NZ Super Fund to divest from fossil fuels!
Currently, the divestment of many KiwiSaver schemes relies on NZ Super Fund’s divestment. There are already a few KiwiSaver funds that have divested – let’s make it all of them!
ANZ and Westpac are two of the biggest bank investors in fossil fuel extraction. We are giving them until 25 November to divest. Sign the pledge to switch banks if ANZ and Westpac don’t divest!
Auckland Council currently invests in a few oil giants, which is inconsistent with their vision as a livable city with a Low Carbon Action Plan. Tell Auckland Council to divest from fossil fuels!
Fossil Fuel Universities
Victoria University of Wellington and Otago University have already divested. We want University of Canterbury and University of Auckland to follow suit.
Sign the petitions here: