What is Fossil Fuel Divestment? As the world moves forward towards clean energy and the prices of renewable energy drops, a new clean energy movement wishes to make another change in the energy industry. The movement is called “Fossil Fuel Divestment” Just as the name suggests, the movement’s target is to convince stock market investors (Big organizations and private households) to Un-invest in the fossil fuel industry. But not many understand “What is Fossil Fuel Divestment?” It seems a lot of Households are invested in Fossil fuel companies through mutual funds, without even knowing. “fossil fuel free” movement wishes to change that.
Wait, what Is Fossil Fuel?The Term “Fossil Fuels” refers to Coal, Oil and Natural Gas. And the reason they are called this way is that they are actually made from the fossils of tiny dead animals and plants. Millions of years of underground heat and pressure caused buried masses of fossils to deform into what we know today as Coal, Oil and Natural Gas. So “Oil fields” or “Coal Mines” are basically an ancient pile of dead plants and tiny animals buried deep underground.
Do Fossil Fuels Have Any Advantages?Fossil fuels are such a popular source of energy for two main reasons. 1. Extra Heat – when burning fossil fuel extra heat energy is released. we use these extra heat to warm our houses, run our engines or to make electricity by worming water to steam power. 2. Chain reaction – Fossil fuel only need a single spark in order to blaze, and due to a chemical chain-reaction will continue burning until we cut off the air, fuel or heat source. Making it an extremely easy to tame energy source. Read More about Fossil Fuel Chemistry Here
The Problem With Fossil Fuel
- Burning fossil fuel releases Co2 gas to the atmosphere. The High concentration of Co2 in the atmosphere is considered to be the main reason for climate change. 2. Fossil fuels are not renewable. There is a limited amount of fossil fuel on our planet and it won’t last forever. We can’t count on it as our main source of energy.