University of Texas at Austin: Go Fossil Free!

To: President Powers and the Board of Regents

174
of 200 signatures
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Campaign created by Carolin Schellhorn Icon-email


Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, we call on University of Texas at Austin 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 is this 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 University of Texas at Austin 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 University of Texas at Austin 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

  • Racchell T. 2013-12-18 18:45:26 -0500
    Even though we are in the belly of the beast doesn't mean that we should have a defeatist attitude. I'm from UTSA we are in the same battle as you!!
  • Brandon T. 2013-11-06 23:25:37 -0500
    If not me, then who?
  • Joshua C. 2013-07-21 20:24:15 -0400
    Live what you teach.

Updates

8 months ago

100 signatures reached

over 1 year ago

25 signatures reached