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‘Go after the money’: Goldman environmental prize winner honoured for urging banks to divest from coal -The Guardian

‘Go after the money’: Goldman environmental prize winner honoured for urging banks to divest from coal | Fossil fuel divestment | The Guardian

In this article, published in The Guardian, Goldman Environmental Prize winner Julien Vincent pressures financial institutions and their shareholders and customers to get out of fossil fuels.

 


[Extract] ‘Go after the money’: Goldman environmental prize winner honoured for urging banks to divest from coal

Julien Vincent’s Market Forces organisation started with a spare laptop and a spare bedroom before raising the ire of the former Coalition government.

The laptop was second-hand, but Julien Vincent had a spare room and a very, very big idea: could he start a movement to convince Australia’s biggest financial institutions to stop investing the billions of dollars that sustained the fossil fuel industry?

“There wasn’t much to lose really,” says Vincent. “But yes, I was nervous early on because of the significance of the people we were taking on. The banks and the fossil fuel industry … they’ll be as cold and ruthless as they can be.”

One decade later, what that idea became – Vincent’s campaign group, Market Forces – has helped push all four of Australia’s big banks to commit to ending investments in coal by 2030.

The International Energy Agency’s executive director, Fatih Birol

In the public mind, climate crisis campaigning looks like marches, placards, stunts and activists chained to railway lines and coal conveyor belts. Vincent’s approach saw climate activism pulling on a business suit to sit down in the offices, boardrooms and shareholder meetings of financial institutions.

Today Vincent is awarded the prestigious Goldman environmental prize, described by some as the “Green Nobel”.

He is honoured for creating a “challenging financial landscape for the Australian coal industry, a significant step toward reducing fossil fuels that hasten climate change”.

With that award, Vincent’s work stands alongside previous winners that were at the centre of some of Australia’s most famous environmental battles – from saving the Franklin River to blocking uranium mining.

 

Continue….

Continue reading the full article here:  www.theguardian.com/environment/2022/may/25/go-after-the-money-goldman-environmental-prize-winner-honoured-for-urging-banks-to-divest-from-coal

Photograph: Goldman Environmental Prize

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