Divest San Francisco from Fossil Fuels!

To The City and County of San Francisco

Divest San Francisco from Fossil Fuels!
642
of 800 signatures
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Created By Alex Karzag Icon-email

The San Francisco Employee’s Retirement System should immediately freeze any new investments in fossil fuels, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.

Why Important

Come show your support on April 10th at City Hall! The Board of Supervisors will hold a hearing on fossil fuel divestment, and we need to show them that San Franciscans want to divest. RSVP here: https://www.facebook.com/events/566301603394541/ 

The effects of climate change have been devastating communities across the country. From record high temperatures and severe drought to super storms like Hurricane Sandy, changes in atmospheric temperatures are continuing to threaten our health, safety and economy. In order to prevent further devastation, we must take serious action and stop investing our pension funds in oil, gas and coal. This action must start now!

As a coastal city surrounded by water, San Francisco is extremely vulnerable to climate change. Rises in sea-level caused by temperature increases would threaten coastal wetlands, infrastructure and property, costing the Bay Area billions of dollars.

San Francisco has committed itself to addressing climate change and reducing greenhouse gas emissions. However, the San Francisco Employee’s Retirement System has over $1 billion invested in fossil fuels. If we are serious about ending climate change, then we should not be investing our city funds in oil, gas and coal companies. Instead, our funds should ensure the safety of our communities and promote renewable alternatives.

San Francisco should be making investments that are consistent with our climate change policies and that support the public good. it's time for the our pension fund to freeze and divest from fossil fuels.
Category Cities & States
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Reasons for signing

  • Gretchen V. 2014-02-28 22:26:33 -0500
    It's our democratic civic responsibility to invest in the move from fossil fuels in order to protect our city from the devastation of climate change.
  • Margot H. 2013-12-08 17:15:16 -0500
    Sea level rise is one of the most prevalent issues of today. San Francisco is on the brink of the issue and should do everything it can to stop it.
  • Barbara E. 2013-09-26 18:09:04 -0400
    The faster we can move away from energy sources that add more CO2 to our overburdened atmosphere, the better.