A quiet disruption to the established financial order is underway: Around the world, institutions are pulling their investments out of fossil fuels. Climate activists campaigning for divestment suggest that such economic rearrangements might keep oil, gas, and coal in the ground, curbing carbon emissions. In parallel, some high-profile advocates call for reinvestment in renewable energy. But can the financial sector really drive the structural changes needed to address climate change—and, more fundamentally, climate justice? 

Stepping away from herds of cattle, subsistence farms, and other responsibilities at home, roughly a hundred Kenyan villagers traveled overnight by bus from the Tana River Delta to Nairobi in February 2011 for a hearing at the national high court. The claimants declared that the lack of a “comprehensive land use master plan” infringed on the rights of the region’s people, and called for the prohibition of further land and resource development until such a plan was negotiated.