• Fossil Free Griffith University
    First we would like to acknowledge and congratulate Griffith’s University on it’s current sustainability commitments and achievements. It is recognised that environmental and social sustainability is integrated in Griffith’s governance, architecture, administration, education and research and because of this is recognised as a world leader in sustainability. This has been reflected in Griffith’s EcoCentre and Sir Samuel Griffith centre. As well as world class research provided by but not limited to the Atmospheric Environment Research Centre, the Australian Rivers Institute, the Centre for Clean Energy and the Environment, and the Environmental Futures Centre. Furthermore we also recognise, the development of the Griffith University Sustainability Plan 2013 – 2015 and Griffith’s 2020 goal ‘To be a sustainable university’. In 1975, Griffith University established the first School of Environment in Australia, making them the first university to offer a dedicated environmental science program. Since this time, Griffith University has pioneered the environmental sciences and helped establish this and other related areas of science and sustainability both in Australia and around the world. While Griffith has stated that it is committed to responsible investments we acknowledge that 5% of its investments are held within fund manager Queensland Investment Corporation and as a result is highly likely to possess investments in fossil fuels. Despite the small amount invested, we as academic members of the Griffith University community believe as a sustainability leader Griffith must divest these investments to avoid it’s contribution to climate change and associated devastating social, environmental and economic consequences. Institutions and investors are recognising the moral and financial risks associated with continued investments in fossil fuels and we encourage Griffith University to do the same. A growing number of institutions both in Australia and overseas have committed to or are taking substantial steps toward divesting from fossil fuels. These include but are far from limited too Stanford University, the United Church in Australia and most recently in Australia the University of Sydney which has committed to halt further investments in Coal. As individuals, part of the Griffith University community we implore you to take leadership in Australia by immediately freezing new investments in fossil-fuel companies, and divest from any fossil fuel investment currently held within managed funds and direct shares. If you would like to see Griffith University go Fossil Free, reflecting it’s current sustainability commitments, please sign and share this petition.
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  • Universities Superannuation Scheme Divest from Fossil Fuels
    Climate change, caused by emissions of greenhouse gases from burning oil, gas and coal, threatens the lives and livelihoods of billions of people around the world. Extreme weather events — such as the floods, melting icecaps and wildfires we've seen in recent years — make it clear that climate change is no longer a future threat: it’s a clear and present danger. Those worst affected, and often least responsible for causing climate change, are the poor and vulnerable in both developed and developing countries. We now know that at least two-thirds of fossil fuel companies' reserves will have to remain underground if the world is to meet existing internationally agreed targets to avoid the threshold for "dangerous" climate change. Experts warn this 'carbon bubble' could lead to stranded assets worth trillions and plunge the world into another financial crisis. If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. By investing if fossil fuel companies USS is continuing to support an industry who's business plan is incomparable with avoiding dangerous climate change. It's time for USS to realise how incompatible these relationships are with a safe climate future, and to take meaningful action to go Fossil Free. By divesting from fossil fuels USS can show leadership on climate change, and adopt a more ethically sound and financially prudent investment practice.
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  • Divest the University of King's College Endowment from Fossil Fuels
    Institutions of higher learning must challenge systems that put ecosystems at risk and endanger the futures of younger generations. The widespread scientific consensus is that the global temperature cannot rise more than 2 more degrees Celsius without utter catastrophe. This has lead to a global carbon budget of 565 gigatons of CO2 that we can safely emit into the atmosphere before we approach that temperature mark. The global fossil fuel industry is planning to burn more than five times that, and it keeps investing in further exploration. Here in Canada, there are plans to expand the tar sands to more than three times the size that the International Energy Agency considers the limit for a +2C world. In the words of Cameron Fenton of the Canadian Youth Climate Coalition, “the problem with the fossil fuel industry is not simply a flaw in their business plan. The flaw is their business plan.” At King’s, our students, faculty, and staff are rightly celebrated for their sustainability work, but as we’ve tried to make our campus more green over the past decades, CO2 emissions have risen by 40 per cent. We can’t take care of the carbon footprint of our campus while ignoring the footprint of our investments. Divestment helps us to revoke the social license given to destructive industry, and it builds a global movement to change the way energy is sought and produced. To divest is not to risk the profitability or stability of our portfolio: many divested portfolios are currently outperforming their fossil-fuel weighted counterparts, and schools like Unity College (the first campus in the U.S. to announce full divestment) have noticed a marked increase in donations since they made the commitment to divest. It's time to take responsibility for our shared future.
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  • Divest St Paul's School from Fossil Fuels
    Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, and because our continued investments in fossil fuels violates both our School's founding Statement and our basic belief in goodness with knowledge, we call on St Paul's School to immediately freeze any new investment in fossil-fuel companies, and to divest within one year from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds. We would prefer to divest responsibly in top 100 polluters first.
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  • Fossil Free Uppsala Universitet
    Om världen ska klara de klimatmål som forskare enats om krävs det att fyra femtedelar av all kol, olja och gas stannar under jorden. Detta betyder att enorma summor pengar som fossilindustrin räknar som sina tillgångar, är pengar som inte får realiseras - en "fossilbubbla". Investeringar i fossila bränslen är både oetiskt, ohållbart och oekonomiskt. Framförallt är det att sätta ungas framtid på spel! Vi studenter på Uppsala Universitet vill visa att vi ställer oss bakom en ansvarsfull placering av de pengar som finansierar vår utbildning! UU har tagit en del steg mot att verka för hållbar utveckling. Vi vill uppmärksamma att även vart pengar investeras har stor betydelse för vilka värden skolan kommunicerar och vilka verksamheter den stödjer. Denna fråga har uppmärksammats på flera andra universitet och högskolor i Sverige, och är en del av en större internationell kampanj. Vi vill se att UU går före i denna utveckling! Studenter kan och borde påverka sin skola i en hållbar riktning! ENGLISH: If we are to reach the global climate goals agreed upon by scientists, 80 % of all coal, oil and gas need to remain unexploited. Hence, we have enormous amounts of money which are counted as assets by the fossil industry but cannot actually be realized – a “fossil bubble”. Investment in fossil fuel is unethical, unsustainable and uneconomical. Above all it is jeopardizing the future of today’s youth! As Uppsala University students, we want to show our support for responsible investment of the money that is financing our education! The university has taken some steps in working for a more sustainable development. We would like to draw attention to the fact that financial investments are also of major importance for the values that the university communicates and the activities it supports. This issue has been highlighted at a number of universities and colleges in Sweden, and is part of a larger international campaign. We would like to see UU take the lead in this development! Students can, and should, influence their university to move in a more sustainable direction!
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  • Divest Evergreen State College From Fossil Fuels
    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 Evergreen State College 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 [School] 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. For the good of our students and our nation, and to preserve the quality of life for this and future generations worldwide, we call upon you to join a growing movement of schools around the country that are committed to preventing a more extreme climate by moving Evergreen State College's endowment beyond fossil fuels.
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  • Divest Southern Illinois University from Fossil Fuels
    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 $50 billion 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.
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  • Divest SUNY
    Climate change is accelerating. We are witnessing the increasing impacts of a warming planet more and more consistently; 2013 was the fourth hottest year in recorded history. There was record-breaking heat, droughts, floods and hurricanes across the globe which impacted hundreds of thousands of people and cost countries hundreds of billions of dollars. From 2011-2013, disaster relief from extreme weather cost the U.S. $136bn. Experts agree that global warming caused by humans burning fossil fuels will continue to accelerate and intensify these tragic climate disasters. A scientific study found that April 2014 was the first month in human history where CO2 in the air rose to an average of over 400 ppm. 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. The SUNY system is contributing to this destruction by investing in the fossil fuel industry. As the largest comprehensive university system in the U.S., this is immoral and unacceptable. The SUNY mission statement includes that each university “shares the expertise of the state university[...]through a program of public service for the purpose of enhancing the well-being of the people of the state of New York and in protecting our environmental and marine resources,” something that cannot be accomplished while continuing to hold these investments. SUNY should show leadership by investing in progressive companies that will lead us to a clean energy future.
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  • Oxford Alumni for Fossil Fuel Divestment
    Investments are a political statement. While the University remains invested in fossil fuels it aligns its financial interest with, and endorses the behaviour of, the most destructive industry on the planet. Climate change is the greatest human rights challenge of our time; if it’s wrong to wreck the climate, it’s wrong to profit from that wreckage. In the past, both in the case of South African apartheid and arms manufacturers associated with cluster munitions, the University has taken a stand on issues through its investment policy. In the case of climate change, the University must stand with hundreds of other institutions around the world that have already shown leadership on climate change and divested from fossil fuels. For the University to invest in the fossil fuel industry is inconsistent with its own policy to “ensure that its investment decisions (including those taken on its behalf) take into account social, environmental and political issues in order to maintain its ethical standards”. Oxford scholars are at the forefront of research on the impacts of climate change, and were lead authors of the latest Intergovernmental Panel on Climate Change (IPCC) report - the global authority on climate science. The report made clear that 80% of known fossil fuel reserves must remain unburned to stay below the critical threshold of two degrees of global warming. Fossil fuel companies continue to disregard this scientific consensus. They are committed to burning 100% of their reserves, are actively exploring for more in ever more extreme environments, and are lobbying extensively to block meaningful action on climate change. Leading actors in the financial sector acknowledge that fossil fuel investments are increasingly risky, given that known reserves will become ‘unburnable’ in a carbon constrained world. This work is being championed by Oxford Smith School’s own ‘Stranded Assets’ programme. We may already be seeing the influence of the IPCC research on the oil market: a recent report by Deutsche Bank suggested that last year’s drop in oil prices was driven by growing consciousness of a carbon budget and political momentum. By divesting from fossil fuels, the University can adopt the best investment practice both ethically and financially, act for the future of its scholars and alumni, and add its weight to the political momentum that is already undermining the industry. As Oxford alumni and donors, we urge our alma mater to take action on climate change and divest from fossil fuels. Further alumni action: Various alumni, including Guardian journalist George Monbiot, have agreed to symbolically hand back their degrees if the University does not divest. If you want to join in, please let us know here: http://tinyurl.com/handbackdegree, or any questions please email eande . chair@ousu . org.
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  • Oxford Academics for Fossil Fuel Divestment
    We believe Oxford should divest for three main reasons: (I) To demonstrate support for its own scholars; (II) To show leadership in a time of unprecedented transition; (III) To honour its fiduciary duties. I. Oxford scholars are global leaders in calling for an end to our collective dependence on fossil fuels. The University of Oxford should support them. Oxford academics are among the lead contributors to the most recent Inter-governmental Panel on Climate Change (IPCC) reports. These reports warn that 80% of the reserves fossil fuel companies currently oversee must remain underground to avoid dangerous climate tipping points. They also show that the tools required to limit global warming to 2°C are available and affordable but that international efforts must be significantly enhanced. Oxford academics are also at the forefront of research into the economic consequences of climate change, highlighting, for instance, the financial implications of ‘stranded’ fossil fuel assets. Former Oxford scholars, now working outside the university, have pioneered similar research into the “carbon bubble.” This analysis is now driving global debate about the systemic financial risks associated with the future collapse of overvalued fossil fuel assets, which will occur when governments regulate to stave off catastrophic climate change. Fossil fuel companies, meanwhile, are failing to heed the advice of Oxford academics, and that of so many others. Instead, they are actively exploring for new fossil fuel reserves; they are refusing to accept the concept of ‘stranded’ assets; and they are lobbying government not to regulate carbon emissions. In short, they are behaving irresponsibly and threatening our future. Oxford scholars demonstrate the environmental and economic imperative to end our dependence on fossil fuels. By divesting, the University can amplify the voice of its academics and signal to policy makers the need to act now on climate change. II. The University of Oxford has a responsibility to show leadership in tackling one of the greatest challenges we as a society currently face. Climate change is an emergency and opinion leaders are rising to the challenge, calling for immediate change. A major focus is divestment from fossil fuels. Anti-apartheid campaigner Desmond Tutu, former Irish president Mary Robinson, World Bank president Jim Yong Kim, the British Medical Journal, the UNFCCC’s executive secretary Christiana Figueres and Lord Stern all agree. In the words of Tutu, “It makes no sense to invest in companies that undermine our future.” The University of Oxford has its own reputation as a leading institution, both in the UK and globally. It predates fossil fuel companies, and it will outlast them. To help secure that future, though, Oxford can make a powerful statement by divesting its endowment from fossil fuels. This action would, moreover, accord with the University’s own commitment to ensuring “it makes investment decisions responsibly and with integrity” by “[taking] into account social, environmental and political issues in order to maintain its ethical standards.” III. Oxford University has a fiduciary duty to divest from fossil fuels. As Oxford academics and staff, we support the university Council and Oxford University Endowment Manager (OUem) in their efforts to fulfil their fiduciary duties. We nevertheless encourage them to consider how climate change risks challenge standard interpretations of what these duties entail. Fiduciary duty is an ambiguous legal concept. It is generally thought to mean the responsibility of a trustee, investment manager or other financial intermediary to ensure maximum short-term returns on investments. The Kay Report and the Law Commission review both question this “short-termism.” They instead call on fund trustees to consider “longer term factors which might impact on company performance, including questions of sustainability or environmental and social impact.” As already noted, concern over the long-term financial viability of fossil fuel investments is spreading rapidly. This thinking is, moreover, moving into the financial mainstream. The Norwegian sovereign wealth fund, the largest such fund in the world, is considering divesting from fossil fuels, HSBC has published reports warning against the future risks of fossil fuel investments, and Blackrock has responded by creating fossil free asset portfolios. Given these growing concerns over long-term environmental sustainability and financial stability, we encourage the university to fulfil its fiduciary duties by divesting from fossil fuels. In conclusion: By divesting from fossil fuels, Oxford University can support its scholars, show leadership, and adopt the best investment practice, both from an ethical and financial perspective. As Oxford academics and staff, we therefore urge our university to take action on climate change and divest from fossil fuels.
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  • Fossil Free KTH
    Fossil Free har kommit till KTH! Fossil Free är en internationell kampanj som verkar för att gemensamma tillgångar (skattepengar och andra resurser) som investeras i olja, kol och gas, lyfts ur investeringen (desinvesteras). Det är inte många institutioner idag som placerar sina tillgångar i vapenindustrin - det är helt enkelt betraktat som omoraliskt. Människor håller med varandra om att vapen inte är okej att stödja. Det vi nu insett är att även olja, kol och gas kan ses som vapen: Vapen riktade mot oss, klimatet och vår framtid. Är det då verkligen moraliskt att ha sina pengar placerade i en industri som utsätter oss alla för fara, en industri som bevisligen spenderar miljarder årligen på att genom lobbyism och klimatskeptiska tankesmedjor förhala all politisk handling riktad mot en förnybar omställning? "If it's wrong to wreck the climate, then it's wrong to profit from that wreckage!" Det finns även starka finansiella incitament för att desinvestera ur fossilindustrin. Vi har råd med absolut max en 2-gradig global medeltemperaturhöjning. För att hålla oss under 2 grader har vi råd att släppa ut max 565 gigaton koldioxid i atmosfären fram till 2050, detta enligt rapporten “Unburnable Carbon” från Carbon Tracker Initiative. Enligt samma rapport sitter dock fossilindustrin redan på gas-, kol- och oljekällor som vid utvinning och förbränning skulle orsaka utsläpp av 2 795 gigaton koldioxid. Utifrån detta kan vi räkna ut att 80% av befintliga fossila bränslen måste lämnas under jord, ifall vi vill bibehålla ett någorlunda stabilt klimat på jorden! Det innebär också att de pengar vi har placerade i dessa bränslen kommer att försvinna i tomma intet så snart alla inser att vi måste lämna 80% under jord - detta är en finansiell bubbla, också känd som "fossilbubblan", som förmodligen kommer att spricka inom en snar framtid. Inte vill väl vi förlora 80% av värdet på stora delar av våra tillgångar? För vidare information besök http://gofossilfree.org/about/ och se gärna "Do the Math", en film som beskriver problematiken med att fossilindustrin ges fria tyglar (med stöd av våra pengar):
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  • La Trobe University to Divest from Fossil Fuels
    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. For this reason, Australia needs to transition away from non-renewable energy as soon as possible, but unfortunately this is not happening fast enough. This is why we need large, reputable institutions like La Trobe University to divest from all fossil fuel companies to send a clear message to every Australian that we cannot continue ‘business as usual’. So, for the good of our students and our nation, and to preserve the quality of life for this and future generations worldwide, we call upon La Trobe University to divest from enterprises that extract, transport, process or distribute fossil fuels.
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