This is a big story! Why? Because, as you can read in the article above, this downgrading could come “if governments deliver an international agreement to tackle climate change.” And what is the purpose of divestment? To open space in the political system for climate legislation.
By utilizing our individual power and collective voice that we build off the divestment movement, we can push for government action. And that in turn could lead to the credit downgrading of oil corporations, thereby turning them into moral and social pariahs.
That is our theory of change. And it looks like it can work!