Fossil Free (2015)

Fossil Free is a compelling documentary that confronts the urgent issue of climate change from an unexpected angle: the financial sector. Directed by Martijn Kieft and originally broadcasted by VPRO in 2015, this film sheds light on the intersection of environmental responsibility and economic influence.

Here are the key insights from this thought-provoking documentary:

  1. The Carbon Bubble:
    • A growing group of concerned citizens no longer relies solely on politicians to address climate change.
    • Instead, they turn their attention to the financial world, recognizing its significant impact.
    • Major banks like HSBC, Citibank, and the Bank of England have started warning against the so-called carbon bubble.
    • Investing in coal, oil, and gas not only contributes to rising temperatures but also poses substantial financial risks, affecting pensions and investments.
  2. Influence Beyond Governments:
    • Pension funds, churches, and universities are called upon to divest from fossil fuels.
    • The trust in politicians to find a climate change solution wanes, leading concerned citizens to explore alternative avenues.
    • They believe that financial institutions wield as much influence as governments in shaping our climate future.
  3. Voices of Change:
    • The documentary features interviews with key figures:
      • Corien Wortmann-Kool (CEO of ABP)
      • Vatan Hüzeir (co-initiator of ABP Fossil Free)
      • Ella Lagé (campaigner for Fossil Free Berlin)
      • Bob Litterman (hedge fund manager and former Head of Quantitative Trading at Goldman Sachs)
  4. A Call to Action:
    • The film compels viewers to recognize their power as consumers and investors.
    • It emphasizes that divesting from fossil fuels is not only an ethical choice but also a strategic financial move.
    • The urgency of climate change demands collective action beyond political boundaries.
  5. Legacy and Responsibility:
    • “Fossil Free” leaves us with a crucial question: What legacy will we leave for future generations?
    • Our financial decisions today shape the world they inherit.
    • The documentary serves as a reminder that every investment counts—a drop in the ocean of change.

As we navigate the complexities of climate change, Fossil Free urges us to consider not only the environmental impact but also the financial implications. It’s time to divest from the carbon bubble and invest in a sustainable future. 

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