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Ellen Dorsey, a veteran of the anti-apartheid movement, has used her activist experience and her leadership position at the Wallace Global Fund to push for divestment from the fossil fuel industry.
The Wallace Global Fund has supported the fossil fuel divestment movement from its inception. By 2021, the movement had propelled divestment of over $14 trillion in assets from universities, pensions cities, faith groups and more.
Dorsey launched Divest Invest Philanthropy, a coalition of over 200 foundations to divest their endowments from fossil fuels and invest in climate solutions. She says foundations can still do more to invest their endowments in climate solutions, and shouldn’t be “hoarding acorns” in this “moment of urgent need.”