50 signatures reached
To: Castlemaine organisations, companies and individuals
Divest Castlemaine from Fossil Fuels
Divest fossil fuel shares and move investments, including superannuation funds, from direct involvement in coal mining and other fossil fuel extraction.
Why is this important?
We need to reduce our emissions drastically and urgently if we're going to have a chance of avoiding the worst times ever. Divesting from the companies that sell the fuel that makes the emissions can undermine the social licence of the fossil fuel industry. It can be a measure of the political will to close them down. The greater the support, the better chance we have of succeeding.
We need to keep global warming to less than a 1 degree rise above pre-industrial levels to maintain the planet's life support systems. And even if unsafe international commitments to 2 degrees are to be met, only 20% of fossil fuel reserves can be burnt. 80+% of the market valuation of the most profitable industry in the history of the planet is many times bigger than the housing bubble.
So why not divest? Save some money and the planet!