▁$ 1 6 ▁million ▁in ▁anti - cl imate ▁change ▁lo bb ying ▁and ▁providing ▁mis leading ▁information ▁about ▁climate ▁change ▁to ▁the ▁general ▁public . ▁It ▁is ▁examples ▁such ▁as ▁these , ▁that ▁show ▁the ▁significance ▁of ▁the ▁oil ▁industry ▁as ▁st ake hold ers ▁within ▁the ▁government . ▁In ▁order ▁for ▁the ▁renew able ▁energy ▁transition ▁to ▁succeed , ▁the ▁oil ▁lo bb ying ▁should ▁be ▁addressed ▁and ▁met ▁with ▁a ▁strong ▁economic , ▁social ▁and ▁environmental ▁case . ▁The ▁oil ▁industry ▁acqu ires ▁lots ▁of ▁support ▁through ▁our ▁bank ing ▁and ▁invest ment ▁structure . ▁The ▁st abile ▁nature ▁of ▁oil ▁stock ▁throughout ▁history ▁makes ▁it ▁a ▁great ▁option ▁for ▁invest ors . ▁By ▁invest ing ▁in ▁the ▁foss il ▁fuel ▁industry , ▁we ▁provide ▁them ▁with ▁financial ▁support ▁to ▁continue ▁with ▁their ▁business ▁vent ures . ▁The ▁concept ▁that ▁we ▁should ▁no ▁longer ▁support ▁the ▁industry ▁finan cially ▁has ▁led ▁to ▁the ▁social ▁movement ▁known ▁as ▁div est ment . ▁Div est ment ▁is ▁defined ▁as ▁the ▁removal ▁of ▁your ▁invest ment ▁capital ▁from ▁stock s , ▁b onds ▁or ▁funds ▁in ▁oil , ▁coal ▁and ▁gas ▁companies ▁for ▁both ▁moral ▁and ▁financial ▁reasons ▁ ▁B anks , ▁invest ing ▁fir ms , ▁govern ments , ▁univers ities , ▁institutions ▁and ▁business es ▁are ▁all ▁being ▁challeng ed ▁with ▁this ▁new ▁moral ▁argument ▁against ▁their ▁existing ▁invest ments ▁in ▁the ▁foss il ▁fuel ▁industry ▁and ▁many ▁such ▁as ▁Rock ef eller ▁Brothers ▁Fund , ▁the ▁University ▁of ▁California ,