• Divest Norway's "Petroleum fund"
    The world's largest souvereign wealth fund, http://www.swfinstitute.org/fund-rankings/, is holding shares worth $37bn dollars in 146 of the 200 biggest oil and coal companies, of which total reserves represent 679 gigatons CO2 if burned. The fund's huge positions in fossil fuels also violate their own ethical guidelines (Sec. 3 c) : The Ministry of Finance may, on the advice of the Council of Ethics, exclude companies from the investment universe of the Fund if there is an unacceptable risk that the company contributes to or is responsible for: c) severe environmental damage; http://www.regjeringen.no/mobil/en/sub/styrer-rad-utvalg/ethics_council/ethical-guidelines.html?id=425277 (background material presented in Norwegian) http://www.framtiden.no/index.php?option=com_docman&task=doc_download&gid=621&Itemid=194 By the way, the whole fund ($130 bn) is fully derived from the petroleum industri (taxes, licence fees and dividends).
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    Created by Oyvind Aasbrenn Picture
    Our friends, pension fund managers, churches & local governments have 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 Hurricane Sandy or other area storms will 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 all people, churches, colleges & those local 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!
    36 of 100 Signatures
    Created by Rich Dykstra
  • 1st group petition
    Because climate change
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    Created by Rachel Vuka Test
  • Ealing Council - Stop Investing in Fossil Fuels!
    The London Borough of Ealing has money invested in the fossil fuel industry. Fossil fuel contributes to carbon dioxide (CO2) in the atmosphere. Scientists say we must reduce this amount of carbon dioxide in order for the planet to be able to continue to support life and civilisation as we know it. The planet is already one degree warmer and glaciers are disappearing, threatening the main source of clean water for millions of people. Sea levels are rising which means some islands are disappearing. Habitats are changing and wildlife and the livelihoods of many communities are at risk. Extreme weather is becoming more common. It's deeply worrying but we can take action. Stopping fossil fuel investment is an important part of tackling global warming and we would like London Borough of Ealing's ties with the fossil fuel industry to be cut.
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    Created by KIrstie McLachlan
    There is strong evidence (1) that the impact on climate change of burning even the known reserves of fossil fuels will create an unsustainable environment for the generations to come, and untold suffering to countless living beings. This fact will impact negatively on the value of investments in the industries concerned with fossil fuel extraction. Using just the fossil fuel reserves listed on the world’s stock markets would be enough to take us beyond 2°C of global warming (2). This means that more than 80 per cent of the world's known coal reserves, 30 per cent of known oil and 50 per cent of gas reserves need to stay in the ground and drilling in the Arctic is out of the question if we're to stay below two degrees. Recent drops in the oil price add to the uncertainty surrounding fossil fuels and the financial viability of some extractions presenting opportunities to lessen our dependency on fossil fuels (3). In defiance of mainstream research evidence and international policy (4), fossil fuel companies continue to extract and burn as much carbon as possible to maximise their profits. Despite the very high probability of planetary disaster they show no intention of switching away from their core business model. Our local council has a responsibility to divest from an industry that’s destroying the very future for ourselves and for our children that personal investment in a pension seeks to enhance. Instead it should reinvest in solutions to climate change. We won’t see any political progress on climate change until we can weaken the power of the fossil fuel industry. Divestment for fossil fuel investments would also minimise the council's exposure to the financial risk of the 'carbon bubble', whereby shareholders risk being left with stranded assets (worthless fuel stocks that regulation will prevent from being burned). It is a paradox that pension funds providing income for the future should at the same time be investing in the fossil fuel industry which if left to its own devices will exploit more of the fossil fuel reserves than we can safely use! Institutions around the world including local government, universities and churches are pulling out of fossil fuel investments and moving towards a clean energy future (5) It's time to divest from fossil fuels and reinvest in clean energy now for inescapable moral and economic reasons. Bristol City Council have recently agreed to make a commitment to no direct investments in the fossil fuel industry and globally over 30 cities and municipalities have already committed to divestment. At present Bristol City Council’s funds are not directly linked to the fossil fuel industry. However, the Avon Pension Fund does have significant fossil fuel investments and so Bristol City Council would need to work with adjoining councils within the Avon Pension Fund to freeze and withdraw those investments. Shareholders (including pension funds) have started to challenge Exxon, Shell and BP to show how their business model is compatible with a 2 degree temperature rise (6). Some argue that engaging with fossil fuel companies is a more effective tactic than divestment. But Jonathon Porritt, one of the UK’s most esteemed environmentalists who spent years working on sustainability projects with BP and Shell, earlier this year said engagement was now futile because “hydrocarbon supremacists” at the companies had successfully ousted reformers wanting to diversify into green energy. Divestment, therefore, seems to be an unavoidable step to halting the damage and suffering which will ensue unless timely action is taken. 1 http://350.org/about/science/ 2 http://math.350.org/ 3 http://www.newscientist.com/article/mg22530043.100-over-a-barrel-falling-oil-prices-and-the-environment.html http://www.newscientist.com/article/mg22029415.700-an-oil-crash-is-on-its-way-and-we-should-be-ready.html#.VNI0c9kgGc0 4 http://www.ipcc.ch/ 5 http://zerocarbonbritain.org/index.php/zcb-latest-report 6 http://www.theguardian.com/environment/2015/jan/21/bp-challenged-confront-climate-change-risk-by-shareholders
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    Created by richard lawrence
  • Divest West Midlands Pension Fund From Fossil Fuels
    Climate change is already causing massive destruction around the world. For the sake of all of our futures, we need to move away from fossil fuels and begin the transition to a clean and just energy economy, now. Many of the fossil fuel companies that West Midlands Pension Fund invests in have a poor environmental record, including ExxonMobil. ExxonMobil, the world's largest oil company, spilled 11 million gallons of oil off the coast of Alaska and plans to drill in the Russian Arctic with Rosneft. BP, another West Midlands Pension Fund investment, was responsible for the largest environmental disaster in U.S. history, the Deepwater Horizon oil spill on the Gulf of Mexico. Fossil fuel companies are also highly overvalued due to the assumption that all of their reserves will be burnt. But as policy catches up to climate realities, this overvaluation means there’s a multi-trillion dollar “carbon bubble” that’s poised to burst. This will greatly effect the value of our pensions if West Midlands continues to invest in fossil fuels. We know that 80% of current fossil fuel reserves must stay in the ground to prevent runaway climate change. We must act now!
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    Created by Kay Edwards Picture
  • Publica, nimm unser Erspartes raus aus fossilen Brennstoffen
    As the climate crisis is already ravaging our planet our goverments agreed to keep global warming under 2°C in order to avoid catastrophic climate change. This means 80% of the fossil fuels we know will have to stay in the ground. The fossil fuel industry lobby is avoiding any political progress in that direction. The last choice we are left with is to take on the fossil fuel industry directly. The first step is to stop giving them money. After 34 US institutions the Norwegian pension fund "Storebrand” and the Dutch bank "Rabobank” divested from fossil fuels.
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    Created by Quentin Repond
  • AnsvarligFremtid
    Eksperter er enige om at menneskeskabt global opvarmning forårsaget af afbrænding af kul, gas, og olie vil fortsætte med at accelerere og intensivere tragiske klimakatastrofer. Den videnskabelige konsensus er tydelig og overvældende; det er ikke sikkert at afbrænde selv blot halvdelen af de allerede eksisterende reserver af kul, gas og olie uden at opvarme kloden katastrofalt. Den uundgåelige overgang til en kulstoffattig økonomi vil hurtigt ødelægge værdien af ​​mange af de investeringer i kul-, gas- og olieselskaber, som vores pensionsselskaber holder på vores vegne. Det er på ingen måde betryggende at vide, at vores pensionsopsparinger er sat i firmaer, som både er risikable papirer og ødelæggende for klimaet, da dette i begge henseender er et stort gamble med vores fremtid.
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    Created by Rune Johansen
  • Divest Castlemaine from Fossil Fuels
    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!
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    Created by Mark Carter
    We must protect the Earth from global warming if we are to protect the Hirundo Wildlife Refuge for future generations of wildlife and human life.
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    Created by Dianne Kopec
  • TESOL: Divest for a Fossil Free Future
    For the future of all of humankind, and for the sake of all life on the planet, we must immediately withdraw financial support from the fossil fuel interests that are contributing to a "game over for the planet," catastrophic climate change scenario.
    19 of 100 Signatures
    Created by Helen Woerner Picture
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