Against the backdrop of an ever-worsening climate emergency, companies must rapidly withdraw from the extraction of coal, oil, and gas as well as associated fossil energy industries and ancillary facilities for transport, storage, refining, and processing. The urgent need to quit fossil fuels, however, does not justify irresponsible divestment by fossil energy companies. Rapid closure and responsible closure of the fossil fuel industry are not mutually incompatible agendas. Both are vital to achieve climate and environmental justice and a just energy transition.

In the absence of responsible divestment policies and practices, communities are left facing legacy pollution, as well as the long-term health risks that come from abandoned infrastructure that is not properly decommissioned and a lack of proper ecosystem restoration. Many communities also confront significant loss of livelihoods and financial hardship as the fossil fuel industry divests with no regard for the local economic consequences, particularly where economic dependencies have been built up over time.

Rooted in the lived experiences and demands of communities and workers affected by fossil fuel activities around the world, and in line with existing international obligations of states and international frameworks for corporate accountability, including the responsibility to respect human rights, these International Principles for Responsible Divestment from Fossil Fuels set out a positive agenda that all companies and states must follow to advance a just transition. They are designed to shift the power imbalance currently favouring powerful companies and states in order to ensure that affected communities and workers have agency and control over how fossil fuel divestment occurs. They are intended to be followed by companies and made obligatory by the states.

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