• Divest Beverly from Fossil Fuels!
    Beverly, like every city, town, state, and country, is at a pivotal moment in history. Man-made climate change is causing environmental devastation and human suffering here in Beverly and around the world. We still have the power to avert irreversible changes, but the window of opportunity is closing. Divesting from the fossil fuels that are causing climate change is a crucial step toward ensuring a sustainable future for Beverly and the rest of the world. Our local government has a responsibility to divest from an industry that’s destroying our future, and reinvest in solutions to climate change. We can not count on the federal government, even as extreme weather events like the record-breaking winter storms of 2014-2015 overwhelm local budgets. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry. The bottom line is this: divestment is the only moral choice for governments that care about their citizens. Solving the climate crisis is the only practical choice for governments that care about their solvency. It's time to divest from fossil fuels now!
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    Created by Anthony Harris
  • Suffolk County Council: Divest from fossil fuel
    Suffolk County Council says it wants to be the “Greenest county” yet its latest pension fund figures (September 2015) showed it had £11 million worth of Shell shares – 5% of its total holding in UK shares. Campaign groups estimate that in 2014 it held in total £117 million worth of fossil fuel assets. [1] All local authorities in Suffolk contribute to this pension fund, including Ipswich Borough Council, Waveney District Council, Suffolk Coastal District Council, St Edmundsbury Borough Council, Mid Suffolk District Council, Forest Heath District Council and Babergh District Council Investing in fossil fuel creates a risk both to members of the pension fund and to the planet. Respected financial analysts warn that fossil fuel companies are likely to be over-valued due to their reliance on reserves in the ground which will become worthless if carbon legislation comes into effect. [2] Only a fraction of fossil fuel companies' reserves may be extracted and burned whilst keeping within the 2°C climatic warming target agreed by the world's Governments at international climate negotiations. [3] Suffolk should sell its fossil fuel investments and follow the example of several other local authorities who have invested cash in local sustainable projects such renewable energy, energy efficiency or building much needed energy efficient social homes. This blog by Friends of the Earth Scotland gives some examples. http://www.blog.foe-scotland.org.uk/index.php/2015/06/6-local-governments/ This would provide local jobs, a stronger local economy and reliable long term, low risk returns for the pension fund. [1] http://gofossilfree.org/uk/pensions/ [2] http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis [3] http://www.bbc.co.uk/news/science-environment-30709211
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    Created by Anna Gretton
  • DivestSurrey
    The Surrey Pension Fund now has £145 million invested directly in climate wrecking fossil fuels. The United Nations has recently warned us that we have just 12 years to urgently cut our CO2 emissions or face an eco system melt down. In short we face the most awful consequences if we continue to financially support this industry. Please help us persuade the Surrey pension Fund to remove these investments by signing up to our campaign.
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    Created by Steve McDonald
  • Warwickshire County Council: Divest From Fossil Fuels
    By continuing to grant social legitimacy to the burning of fossil fuels, our council is complicit in driving unprecedented climate change. The warming of our planet is harming people by the millions through the more frequent extreme weather events hitting communities across the world. We must do all we can to keep fossil fuels in the ground to avert runaway climate change and stop our climate warming above the 2 degrees C. We are already seeing the disastrous effects of climate change across the globe. Allowing companies to explore and drill for more fossil fuels like Fracking or drilling in the Arctic, can only lead to more damage to our climate and fragile eco-systems. Scientists have recently estimated that fossil fuel reserves still in the ground are approximately three times the size of that which can be burnt to have a 50:50 chance of staying below the agreed target of 2 degrees C of global average warming. Therefore, actions to avert catastrophic climate change will soon deem investments in fossil fuel reserves ‘stranded assets’. This represents substantial risk for investors and pensioners. It is for these reasons that the fossil fuel divestment movement is the fastest growing divestment movement the world has ever seen. Currently Warwickshire County Council has £88,368,000 invested in Fossil Fuel investments: £33,107,000 in direct investments including: 1 BP PLC ORD USD0.25 £9,815,000 2 BG GROUP PLC ORD GBP0.10 £7,322,000 3 RIO TINTO PLC £6,998,000 4 ROYAL DUTCH SHELL PLC B SHS £5,742,000 5 TULLOW OIL PLC ORD GBP0.10 £2,012,000 With a further £55,261,000.00 projected in indirect investments. Institutions across the world are already committing to divestment including: Oxford City Council, the British Medical Association, the Rockefeller Brothers Fund and Warwick University. PLEASE SIGN if you believe Warwickshire County Council should Divest from Fossil Fuels.
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    Created by Will Roberts Picture
  • Devon County Council - Divest from Fossil Fuels
    Pensions are about giving us a secure future. But our future security is fundamentally threatened by climate change. Our pension funds should not be invested in oil, gas and coal companies when we know we must leave 80% of all fossil fuels in the ground to avoid catastrophic climate change. Our local authorities have a duty to look after the public good. Fossil fuels are in direct conflict with the public good: investing in them poses a risk both to pension members and to the planet. So the Councils of Devon should take a moral, political and economic stand against them by taking our money away from fossil fuel companies and putting it into investments that are less at risk from climate change legislation. Divestment from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Devon wish to support an alternative, sustainable energy future that will leave the planet in a shape that allows us, our children and grandchildren to live safely on it.
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    Created by Maurice Spurway Picture
  • Help Portsmouth, NH pave the way for Fossil Fuel DIVESTMENT!
    Our local government has a responsibility to divest from an industry that’s destroying our future, and reinvest in solutions to climate change. We can't count on the federal government, even as extreme weather events overwhelm local budgets. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry. The bottom line is this: divestment is the only moral choice for governments that care about their citizens. Solving the climate crisis is the only practical choice for governments that care about their solvency. It's time to divest from fossil fuels now!
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    Created by Cody Hussey
  • Hertfordshire County Council: Divest your funds invested in fossil fuel industries
    More CO2 in the atmosphere means more extreme weather events that could leave millions of people displaced from their homes. Our government committed to a legally binding climate deal to help prevent this. It's time to break free from fossil fuels and invest in clean energy, for everyone's future. 1. Hertfordshire County Council Pension Fund has around £140,000,000 invested in fossil fuel industries, including BG Group PLC, Royal Dutch Shell PLC and Rio Tinto PLC. 2. The pension fund affects over 180 employers in Hertfordshire including Hertfordshire County Council (including schools), North Herts District Council, Dacorum Borough Council, East Hertfordshire District Council, Hertsmere Borough Council. Broxbourne Borough Council, St Albans District Council, Stevenage Borough Council, Three Rivers District Council, Watford Borough Council and a range of community and voluntary groups. See here for list http://divestherts.org/ 3. 97% of climate scientists agree that humans are the primary cause of recent climate change, largely due to the release of greenhouse gases from the combustion of oil, coal and gas for heat and power. Global warming is happening now - it is not a thing of the future; thanks to our appetite for fossil fuels we’ve already experienced a global temperature rise of about 1°C since the Industrial Revolution.[1] The effects of this rise in temperature are already being felt, causing more frequent and intense extreme weather events, including more tropical storms in some areas, but drought in others. Climatic changes and oceans becoming more acidic due to absorbing excess carbon dioxide present a real threat to whole ecosystems. It’s not just bad for the environment, it’s putting people's lives at risk too due to food and water insecurity and is creating climate change refugees.[2] 4. In order to stop the global climate warming by another 2 °C, 80% of all known fossil fuels must stay in the ground.[3] However, despite all the evidence showing that we need to transition to cleaner forms of energy, fossil fuel companies are continuing to extract dirty fossil fuels, and making huge profits in the process.[4] 5. Investments in fossil fuels are also risky. Recent fluctuations in oil prices means that divesting from fossil fuels would minimise the council's exposure to the financial risk of the 'carbon bubble', whereby companies risk being left with stranded assets (worthless fuel stocks that regulation will prevent from being burned). People and institutions that own shares in the companies will see the value of their investments decrease. (5) 6. By removing investments in these companies Hertfordshire County Council will be showing its commitment to creating a healthy, sustainable future for both the people of Hertfordshire and the planet as a whole. 7. Institutions across the world including churches and universities, as well as local authorities in the UK such as Bristol City Council and Oxford City Council have already committed to divest from fossil fuels. [6] Let's see Hertfordshire join them in making this small but impactful commitment. [1] http://350.org/about/science/ [2] http://climatemigration.org.uk/about-us/ [3] http://www.bbc.co.uk/news/science-environment-30709211 [4] http://priceofoil.org/tag/fossil-fuel-industry-profits/ [5] http://www.ft.com/cms/s/0/28f00388-0df3-11e5-9a65-00144feabdc0.html#axzz3mHL64WyD [6]http://gofossilfree.org/commitments/
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    Created by Gwen Buck
  • STOP Kent County Council Investing in Dangerous Fossil Fuels
    Our local authority has a duty to look out for the public good. Fossil fuels are in direct conflict with the public good:investing in them poses a risk to both investors and the planet. Kent County Council has £267488689 invested in fossil fuels. No challenge poses a greater threat to our future and future generations than climate change. We are already seeing more extreme weather events around the world, people being forced to migrate due to flooding or crop failure, and spring flowers blooming in the UK in November! Over 97% of scientists now agree that climate change is fuelled by the burning of fossil fuels (1). This causes problems both worldwide and within Kent, where we will see increasing areas of low lying land become prone to flooding. Institutions around the world including local government, universities and churches are pulling out of fossil fuels investments and moving towards a cleaner energy future. (2). It's now time to divest from fossil fuels and reinvest in a better future, Financial research has called into question the valuation of fossil fuel companies due to their reliance on reserves which would become unburnable if international carbon legislation comes into effect. Divestment from fossil fuels would minimise the council's exposure to the financial risk of the 'carbon bubble', whereby shareholders risk being left with 'stranded assets' (worthless fuels stocks that regulations will prevent from being burned.) Although KCC Statement of Investment Principles for the Superannuation Fund (3) states that 'the fund will not impose restrictions upon our external fund managers'....it later goes on to say that 'as a member of the Institutional Investors Group on Climate Change we will monitor developments on climate change and use the research undertaken to monitor and challenge our investment managers.' For the sake of future generations, the people of Kent and the whole planet, the time has now come to challenge these investment managers. 1.http://www.theguardian.com/environment/climate-consensus-97-per-cent/2013/may/16/climate-change-scienceofclimatechange 2.http://zerocarbonbritain.org/index.php/zcb-latest-report 3.http://www.kentpensionfund.co.uk/__data/assets/pdf_file/0015/32370/pension-fund-statement-of-investment-principles.pdf
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    Created by Frances Long
  • Islington Council: Divest from Fossil Fuels
    Climate change is the most pressing problem facing humanity. We want to protect this planet so it remains for our children and grandchildren. We can start by asking our local council to take its money out of fossil fuels - currently £59.5 million. Local government has a duty to act for the public good. Fossil fuels are in direct conflict with this: investing in them threatens the planet and poses a risk to investors. Financial research has called into question the valuations of fossil fuel companies as they rely on reserves which must remain unburned if we are to avoid catastrophic climate change. Islington Council should take a prudent economic decision and a moral stand by moving our money away from risky fossil fuel investments. Divestment from fossil fuels makes a powerful statement that the fossil fuel industry is morally and financially unviable, and that the people of Islington want a sustainable future.
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    Created by Jen Cronin
  • Fossil Free NHMU
    Over 54,000 people have signed on the national campaign asking 5 museums, of which the Utah Natural History Museum (UNMH) is one, to divest from fossil fuels. http://gofossilfree.org/museums/ This moment calls for leaders that are ready to do more than observe and curate history — it calls for leaders who are ready to help make it. We believe museums can be those leaders. The California Academy of Sciences in San Francisco, The Field Museum in Chicago, The Phipps Conservatory in Pittsburg, The London Museum of Science, and The Australian Academy of Sciences have already taking this important step of divestment. In addition to fossil fuel divestment growing internationally, www.BreakFree2016.org is a global project that is coordinating a global wave of escalated direct actions to stop some of the largest fossil fuel projects in the world. 2016 could be a turning point in the climate justice movement. Faculty and students at the University of Utah are ready for this moment and have been campaigning since 2012 to have the University of Utah to divest from fossil fuels: https://campaigns.gofossilfree.org/petitions/Fossil_Free_UUtah. In May 2015 the Academic Senate made the recommendation to create a policy that would support fossil fuel divestment and in March 2016 this recommendation was further supported with a timeline for September 2016: http://www.boarddocs.com/ut/uutah/asop/Board.nsf/files/A8JUX87A9B14/$file/Ad%20Hoc%20Re-Investment%20Dialogue%20Committee%20Report%20-%20March%202016.pdf This timeline will coincide with activists from around the world escalating pressure on global leaders to maintain a 2 degree limit in warming, keep 80% of the Fossil Fuels in the ground and create a just transition to renewables by 2050. We are prepared to celebrate divestment at the U of U or escalate our tactics along with www.breakfree2016.org. If you haven't read this Open Letter to Museums yet, please take a look and consider how urgent it is to create economic decisions that reflect our public sustainability missions: http://thenaturalhistorymuseum.org/open-letter-to-museums-from-scientists/
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    Created by Ryan Pleune
  • Urge Auckland Council to Divest from Fossil Fuels!
    Climate change is happening now, driven by the extraction and burning of fossil fuels. Heatwaves are becoming more frequent and more severe, with temperatures in Pakistan reaching 49°C earlier this year, resulting in the loss of over 2000 lives. Extreme monsoons have delivered more than three times normal rainfall to parts of India causing loss of life and livelihood for thousands and acidified oceans are killing coral reefs and putting pressure on fish stocks worldwide. The fossil fuel industry has enough coal, oil and gas in their reserves to breach the IPPC’s agreed-upon 2°C limit 5 times over. It’s time for our council to end their support of the fossil fuel extraction industry. The city of Auckland stands to lose a lot in the face of climate change: Much of Auckland’s CBD and coastline risks being swallowed up by rising seas. Wine-grape and kiwifruit growing around Auckland will be history and the frequency of “one in twenty year” rainfall events could quadruple - putting a great strain on our storm water infrastructure. We urge the Auckland council to show solidarity to Auckland businesses and the community by taking their money out of fossil fuels.
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    Created by Carl Naus
  • Divest Waltham Forest
    Climate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences for the whole planet [1]. If global warming is to be limited to 2°C, a level already considered dangerous, up to 80% of known carbon reserves must be left in the ground [2] The fossil fuel industry currently holds vast carbon reserves, which, if burnt, would result in emissions 5 times larger than what it is deemed to be safe [3]. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control [4]. In addition, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions [5]. Research conducted by Carbon Tracker shows that there has been an over-valuation of fossil fuel reserves held by fossil fuel companies. 2/3 of these fossil fuels must remain in the ground if countries are to meet internationally agreed targets. These fossil fuels are, in effect, unburnable, so therefore worthless, which will lead to massive market losses. This is the “Carbon Bubble”. [6] Fossil fuel-free investments are now outperforming more conventional fossil fuel investments. According to recent reports, fossil fuel-free investments “earned an average return of 1.2% more a year over the last five years” [7] when compared with fossil fuel investments. Waltham Forest Council exists to serve the people of the borough, and it should therefore acknowledge the significant risks that fossil fuel investments pose to local residents' financial security and future quality of life. The council should therefore take a moral, political and economic stand by divesting its money from fossil fuel companies and choosing investments less at risk from climate change legislation and more compatible with the local community’s values. Waltham Forest Council should use its money to reinvest in, and support development of, solutions to climate change. As Waltham Forest Council wishes to maximise its return on investment, there are many ethical (and fossil fuel-free) investment options that provide excellent financial returns. Divesting its money away from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Waltham Forest wish to support an alternative, sustainable energy future. By divesting from fossil fuels, Waltham Forest will join public institutions such as the British Medical Association, London School of Hygiene & Tropical Medicine, Bristol City Council, Oxford City Council, and the Universities of Bedfordshire, Edinburgh, Glasgow, Oxford, and Warwick in leading by example to help create a sustainable future for the citizens of Waltham Forest and beyond. [8] Let's make Waltham Forest fossil-fuel free, and together, we can send a signal that we are ready to shift to an economy powered by renewable energy. References: 1. http://www.ipcc.ch/pdf/assessment-report/ar5/syr/SYR_AR5_FINAL_full.pdf 2. http://www.nature.com/nature/journal/v517/n7533/full/nature14016.html 3. http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf 4. http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf 5. http://www.shell.com/global/future-energy/arctic/exploration-production.html 6. http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis & http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf 7. http://www.theguardian.com/environment/2015/apr/10/fossil-fuel-free-funds-out-performed-conventional-ones-analysis-shows 8. http://gofossilfree.org/commitments/
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    Created by Divest WF