• Durham University Academics for Fossil Fuel Divestment
    At the moment Durham University has an investment policy that states that they won't invest in arms or tobacco companies. But no such policy against investing in fossil fuel companies exists. Carbon dioxide produced by burning fossil fuels results in the heating of the atmosphere. A rise of more than 2˚C in global temperatures is enough to put the world beyond the acceptable limits as outlined by scientists. Fossil fuel companies already have proven reserves of five times the amount needed to take us past this limit. At the moment the share price of fossil fuel companies is based on the idea that all the reserves held by fossil fuel companies will be burnt. This situation is not viable given the severely detrimental impact it will have on the environment. This disparity between the safely useable reserves and the proven reserves results in fossil fuel companies being not as safe a long-term investment as they are held up to be. Given the massive amounts of damage fossil fuel companies do to the lives of people around the world, the obvious environmental costs of the industry and the long term instability of fossil fuels as an investment, Durham University People & Planet Society are calling on the university to divest any money it has invested in fossil fuel companies and to add fossil fuels to the list of things in which it will not invest in the future.
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  • Divest Shepparton from Fossil Fuels
    Climate change is not simply an environmental problem, but an issue of social justice, intergenerational equity, and the viability for future human endeavors. It is now widely understood that we cannot safely burn even one-third of global fossil fuel reserves without dangerously warming the planet for several thousand years. We are already witnessing the increasing impacts of a warming planet more and more consistently; in the last year alone our country experienced record-breaking heat, droughts, and extreme rainfall. These events had a grave impact on hundreds of thousands of people and cost our country billions of dollars. Experts agree that global warming caused by humans burning fossil fuels will continue to accelerate and intensify these tragic climate disasters. Through its current investment portfolio, City of Greater Shepparton is facilitating and profiting from the continued and expanding extraction and burning of fossil fuels, despite the harm that these practices are known to be causing to many millions of people worldwide. It is unethical and immoral for our council to be investing in, and profiting from companies that will condemn the planet to climate disaster. Therefore, we are calling on City of Greater Shepparton to divest from the fossil fuel industry. We believe divestment not only makes sense morally, but increasingly also financially, given the decrease in oil prices and associated investments and likelihood of a ‘carbon bubble’ bursting. Continued investment in companies that extract fossil fuels represents a significant risk to City of Greater Shepparton as these companies will face large devaluations when the world moves to lower emission energy sources. Let's strengthen City of Greater Shepparton’s commitment to sustainability and social justice by going fossil free.
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  • Hobart City Council Divestment. The petition is closed. 1500 signatures total on paper, plus online!
    As rate paying residents of Hobart we are extremely concerned about the effects of catastrophic climate change on our planet in general and Tasmania specifically.  We are calling upon Hobart City Council to live up to its promise to lead the community in responding to the threat of climate change and join the growing number of cities and municipalities worldwide in divesting from the fossil fuel industry.   Hobart City Council currently has $26 million, over 70% of its total investment portfolio, with the big banks which finance the fossil fuel industry.   There is a global concensus that the rise in temperatureS must be limited to 2°C to avoid catastrophic climate change, which would have severe effects both globally and locally, with Tasmania predicted to experience loss of economically important ecosystems and species due to warming oceans, loss of coastal areas to rising sea levels and increase in the frequency and severity of catastrophic bushfires.   To ensure warming does not exceed this 2°C limit, it has been estimated that 80% of remaining fossil fuel reserves must remain in the ground. Since national governments are not acting fast enough to ensure this, a growing number of local governments are ruling out using the money entrusted to them by their residents to advance the destruction of our planet. Cities that have divested so far have included Melbourne, Newcastle, Byron Shire Council, Freemantle, ACT, San Francisco, Seattle, Oslo and many others.
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  • Lets Make Sure Plymouth Uni NEVER invest in Fossil Fuels
    At the People and Planet society here at Plymouth University, we believe that our educational institution should be consistent throughout their policies. At the moment, there is no policy in place which stops our University investing in Fossil Fuels. We want this to change. Even though there are no investments at the moment, doesn't mean they won't in the future, and as the top of People and Planet's Green League Table 2015, we don't want them too. Plymouth University has since dropped to 12th place. As students we are investing our time and money into our education, so why shouldn't our institute of learning promise never to invest in Fossil Fuels, and invest in our future instead?
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  • Fossil Free Merseyside Local Government Divestment Campaign
    Climate change is the biggest threat to the future of our global society. Research carried out by Bill McKibben and 350.org has identified that fossil fuel companies declared reserves far exceed the amount that can be safely burned if we are to limit Co² in the atmosphere to a level that will keep projected temperature rises to within 2°C. 2°C was the “safe” level of temperature rises agreed at the Copenhagen Climate talks and that figure was based on the overwhelming scientific consensus among climate scientists. To keep temperature rises below 2°C we need to limit the amount of Co² we emit and that means that 80% of the declared reserves of the largest 200 fossil fuel companies cannot be burned. Temperature rises above 2°C will have devastating consequences for people, societies and eco-systems around the world. There are moral reasons to divest. If business as usual means investing in an industry that will have devastating effects on future generations, this is an issue of inter-generational justice. There are financial reasons. The value of the companies is based on the fossil fuel reserves which are held and their potential future profits, and given that 80% of known reserves must stay in the ground the value of these shares is vastly overestimated. The value of the shares are expected to fall dramatically in future and if we don't act quickly our investments will make a loss as 'stranded assets' when the Carbon Bubble bursts. The Merseyside Pension fund currently has £198,897,000 directly invested in fossil fuel companies and another estimated £156,298,000 indirectly invested in commingled funds that include fossil fuel companies. This means in total the pension fund has £355,195,000 invested in fossil fuels. For more information about divestment please visit http://gofossilfree.org/uk/
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  • North East DIVEST - Leave it in the Ground
    Because Climate Change brings all manner of changes to our living experiences at this present time. This is not only for us in the UK, but for many other of the human race around the world. Fossil fuel reserves are more than three times higher than we can afford to burn in order to stay below the generally agreed threshold for dangerous climate change. Our children should not have to face the difficulties we are setting up for them by continuing to rely on fossil fuels. The effects on the Southern Pacific Islands and other Small Island States illustrate to us that the only moral choice for institutions that care about the planet and it's residents, is divestment.
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    Fossil fuel companies’ current reserves of oil, coal and gas hold 5 times more carbon than the world’s atmosphere can safely handle. Their business plan will cause climate chaos for billions of us, yet UK universities still collectively invest £5.2 billion in fossil fuel companies (1). The University of Cambridge and Colleges have an overall endowment that equates to almost £5 billion (Ibid.). Without an ethical policy (unlike universities such as Oxford, UCL and St. Andrews), this money is invested in companies without consideration of their catastrophic environmental impact. At a global and local level, the impacts of these investments contradict the University’s positive contributions to society, through research and education. Over the past two years the global divestment movement has shown the very real path to a sustainable, fossil-free future. Regarding fossil fuels, the divestment campaign is the fastest growing climate justice campaign in history. So far, $2.6 trillion has been divested from fossil fuels by 456 institutions (Ibid.). It is recognised across the world that global temperatures must remain no more than 2°C higher than in pre-industrial times if climate change is not to destroy our entire way of life (Ibid.). For this to happen, study after study has demonstrated that 80% of currently known fossil fuel reserves must remain in the ground (Ibid.). This view is endorsed by mainstream elements of society, from Mark Carney, the governor of the Bank of England, to the United Nations. Companies like BP and Shell – and the University’s investments in them—are not part of a sustainable future, no matter how they, or the University, might pretend otherwise. Small investments in renewables are far outweighed by the catastrophic impacts of continued oil extraction. In universities around this country and the world, divestment is denying these companies their moral acceptability – Cambridge needs to catch up. In the University’s “Dear World...” Campaign, it has positioned itself as the driving force for a better future. If it wants anyone to respect that, it needs to demonstrate moral leadership and distance itself from the fossil fuel industry. Fortunately, the working group on investment recently set up by the University presents the perfect opportunity, just a month before the historic climate summit in Paris. All moral and financial arguments point to the same thing – divestment from fossil fuels. References: (1) People and Planet (2013). Knowledge and Power: Fossil Free Universities Report. https://peopleandplanet.org/dl/fossil-free/knowledge-power-report.pdf
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  • Divest Derbyshire
    1. Derbyshire County Council Pension Fund has £290 million invested in fossil fuel industries, including Royal Dutch Shell, BP and Rio Tinto. Fossil fuel industries make up nearly 6% of the pension fund. 2. The pension fund affects over 170 employers in Derbyshire including Derbyshire County Council, all the borough and District Councils in Derbyshire [1]; Derby City Council; Chesterfield College; Derby College; Derbyshire Fire Authority; Derbyshire Police Authority; Peak District National Park Authority; University of Derby and a large group of smaller employers. 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. Climate change is happening now - we’re already experiencing global temperature rise, warming oceans, shrinking ice sheets and more frequent and intense extreme weather events. [2] Whole ecosystems are threatened, and people's lives are at risk due to flooding, food and water insecurity, creating climate change refugees. [3] 4. In order to stop the global climate warming by 2 °C above pre-industrial levels and avert global catastrophe, 80% of all known fossil fuels must stay in the ground. [4] By removing investments in fossil fuel companies Derbyshire County Council will be showing its commitment to creating a healthy, sustainable future for both the people of Derbyshire and the planet as a whole. 5. There is also a financial argument to divest from fossil fuels. The need and growing political pressure to leave as much of our fossil fuels in the ground make the risk of stranded assets (worthless fuel stocks that regulation will prevent from being burned) very real. [5] At the same time it is becoming more expensive both to find and to extract the remaining fuel deposits, while, renewable energy technology is becoming more efficient and less expensive. [6]. Both of these factors create risks for investors. People and institutions that own shares in fossil fuel companies will see the value of their investments decrease. [7,8] 6. Institutions across the world including churches and universities, the Environment Agency [9] 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. [10] Let's see Derbyshire join them in making this small but impactful commitment. This petition is supported by the following Derbyshire organisations (in alphabetical order): Amber Valley Against Fracking; Calow Against Gas Extraction (CAGE); Chesterfield and District TUC; Chesterfield Climate Alliance; Clay Cross Against Fracking; Creswell Against Fracking; Derby Climate Coalition; Eckington Against Fracking; Glossopdale Transition Initiative; Melbourne Area Transition; Sustainable Edale; Sustainable Hayfield; Transition Belper; Transition Buxton; Transition Chesterfield; Transition Hope Valley; Transition Matlock; Transition New Mills. Transition Wirksworth; University of Derby Students’ Union. Please let us know if you would like your group to be added to this list. A hard copy of this petition can be downloaded from www.transitionchesterfield.org/divest-derbyshire/ Notes [1] Amber Valley Borough Council; Bolsover District Council; Chesterfield Borough Council; Derby City Council; Derbyshire Dales District Council; Erewash Borough Council;; High Peak Borough Council; North East Derbyshire District Council; South Derbyshire District Council [2] http://climate.nasa.gov/evidence/ [3] www.unhcr.org/pages/49e4a5096.html [4] www.bbc.co.uk/news/science-environment-30709211 [5] www.carbontracker.org/report/wasted-capital-and-stranded-assets/ [6] www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10957292/Fossil-industry-is-the-subprime-danger-of-this-cycle.html [7] www.theguardian.com/environment/2015/mar/03/bank-of-england-warns-of-financial-risk-from-fossil-fuel-investments [8] www.theguardian.com/environment/2015/oct/12/millions-wiped-off-uk-local-government-pensions-due-to-coal-crash-analysis-shows [9] www.eapf.org.uk/en/news-feed [10] http://gofossilfree.org/commitments/
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  • Divest Clark University from All Non-renewables
    Climate change is accelerating at unpredictable rates; this necessitates direct and collective radical action. 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. We just witnessed one of the strongest Superstorms in recorded history. 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. It is time for Clark University, in solidarity with WPI and WSU, to join the divestment community, and extend this to the regional community at large. To remain inundated and feebly committed is to accept the certain death of the entire global community. It's time for Clark to take a stand and truly, radically, (not under presumed false guise) assist in challenging convention and changing the world.
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  • Divest Norfolk Pension Fund from Fossil Fuels
    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. 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 Thanks to Holly from the campaign to divest Avon pension fund for letting us use their text.
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  • Get University of Edinburgh to fully divest from fossil fuels and arms!
    Recent projections have shown that if we continue to emit CO2 at our current rates, the world will warm by a total of 4 degrees by the end of the century. It is clear that our future does not lie within fossil fuels so we must find sustainable energy alternatives before it is too late. Despite this, and despite having committed to divesting from some fossil fuel companies, the University of Edinburgh still has vast sums of money invested in fossil fuels and arms. We believe the University should stand by its ethics and join other universities such as Glasgow and SOAS in divesting fully from fossil fuels and arms companies. We are going to continue the fight and get the university to #divesttherest.
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  • Encourage Auckland Medical School Foundation to Divest from Fossil Fuels
    Climate change is occurring at unprecedented rates, largely due to the massive amounts of carbon dioxide being released into the atmosphere by the fossil fuel industry. It is widely accepted that elevated carbon dioxide levels are the major contributor to the increasing global temperatures, rising sea levels, acidification of the oceans, retreating ice sheets and extreme weather events that continue to affect our planet with increasing intensity and frequency. 2014 was the hottest year in recorded history and 2015 is predicted to be even hotter. This year is also set to be another year of record global carbon dioxide emissions, a trend that has continued since the climate change performance index began in 2005. Furthermore, the global atmospheric carbon dioxide concentration exceeded the 400ppm threshold in March of this year, according to the US department of commerce national oceanic and atmospheric administration. This level demonstrates the effects of human fossil fuel usage since the pre-industrial era, when carbon dioxide concentration was 120ppm lower than current measurements. To limit global warming to a globally agreed safe level of no more than 2°C above pre-industrial temperatures, we can only afford to emit 565 more gigatonnes of CO2. We would emit 2795 gigatonnes of CO2 if we burned all the reserves already discovered, and the fossil fuel industry still invests millions in finding new reserves. The reality of taking action to reduce greenhouse gas emissions has serious financial implications for the fossil fuel industry and those invested in it. According to a report published by Hong Kong and Shanghai Banking Company, major oil and gas companies could lose up to 60% of their market value should the international community enforce existing pledges to reduce emissions. As a result of these analyses, international authorities including the International Energy Agency, the World Bank, and the International Monetary Fund have called upon investors to shift their money away from fossil fuels, we encourage the Auckland Medical School Foundation to do the same to discourage the destructive nature of the fossil fuel industry from causing further harm to our environment. Climate change has huge implications to our nation’s ecological systems and future physical and psychological health. The worsening of these environmental parameters may lead to substantial increases in climate change related diseases such as diarrheal and vector-borne infectious diseases e.g. malaria, dengue fever, as well as cardiovascular and respiratory diseases, injury and illness from extreme weather events, heat/UV radiation related morbidity and mortality, malnutrition and allergic diseases e.g. asthma. Climate change also has the potential to result in indirect deleterious effects on mental health due to stress, loss of homes, economic instability, and forced migration; with children, the elderly, and communities living in poverty being the most vulnerable. This will only widen preexisting inequalities among populations in New Zealand and around the world. We are already witnessing the impact of climate change-related extreme weather events taking their toll on, often the most ill-equipped regions of the world, and they are becoming more frequent says the United States National Academy of Sciences. Man-made climate change is likely responsible for significantly contributing to these devastating consequences. While the rise of fossil fuel use initially led to increased prosperity as well as advances in human health indirectly over the past two centuries, we are now at a cross roads. We are forced to make a decision as to whether to continue on our current trajectory, knowing full well that the costs of continued carbon emissions are simply too great bear, or we can decide to leave fossil fuels for the history books and instead adapt and advance clean and renewable energy sources which are becoming cheaper and more readily available. An awareness is spreading that economic development is no longer contingent upon fossil fuel use. By urging the Auckland Medical School Foundation to take action against climate change by publicly divesting from fossil fuel industries you will be aiding in the preservation of this Earth and its residents.
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