Washington University in Saint Louis: Go Fossil Free!

To Chancellor Wrighton:

 
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Created By Rachel Goldstein Icon-email

Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, we call on Washington University to immediately freeze any new investment in fossil-fuel companies, and to divest within five years from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds.

Why Important

Climate change is accelerating. We are witnessing the increasing impacts of a warming planet more and more consistently; in this last year alone our country experienced record-breaking heat, droughts, and hurricanes, which impacted hundreds of thousands of people and cost our country hundreds of billions of dollars. Hurricane Sandy alone caused $50bn in damages. Experts agree that global warming caused by humans burning fossil fuels will continue to accelerate and intensify these tragic climate disasters. The scientific consensus is clear and overwhelming; we cannot safely burn even half of global fossil-fuel reserves without dangerously warming the planet for several thousand years.
 
As public pressure to confront climate change builds, we call on Washington University in Saint Louis to immediately freeze any new investment in fossil-fuel companies, and to divest within five years from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds. We believe such action on behalf of Wash U will not only be a sound decision for our institution's financial portfolio, but also for the wellbeing of its current and future graduating classes, who deserve the opportunity to graduate with a future not defined by climate chaos.
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Reasons for signing

  • William Y. 2014-07-23 15:07:37 -0400
    Fossil fuel stocks will become "stranded assets" thus becoming bad investments as well as being morally wrong.
  • ryan r. 2013-12-16 10:43:18 -0500
    investment in fossil fuels is detrimental to our environment and our future economy.
  • Zoe W. 2013-06-02 17:50:41 -0400
    Listen to: 'Hot in my Backyard' on This American Life. It will explain why i signed this