• DIVEST Lincolnshire County Council Pension Fund from Fossil Fuels
    Lincolnshire - on the front line of global warming. Climate Change has caused, and is predicted to cause, a much greater risk of flooding and extreme weather but Lincolnshire is uniquely vulnerable to rising sea level. The Council recognises the potential impacts of global warming yet its pension fund invests over £100,000,000 in the very fossil fuel companies that are causing climate change. About 7% of the County’s pension fund, is invested in causing the problem. Most of the world’s coal, oil and gas reserves must remain in the ground, unburnt if we are to avoid catastrophic global warming. As governments begin to regulate more closely, policy changes and oversupply of fossil fuels globally will see the value of carbon plummet, reserves will become stranded assets; their share prices will collapse. This makes investing in fossil fuels increasingly risky for all stakeholders. Financial experts, including the Bank of England, Goldman Sachs, Standard and Poor's and AXA, have warned of the economic risk that climate change policies pose to fossil fuel companies. Lincolnshire County Council needs to be ahead of the curve by divesting quickly to safeguard the future pensions of all its shareholders. Lincolnshire County Council recognises that it must do whatever it can to tackle climate change and it has a responsibility to divest from an industry that jeopardises the future of our planet. Yet the short term financial gain that the Pension Fund Committee hopes to achieve comes at the risk of financial loss as well as a cost to people and planet. We hope Lincolnshire County Council pension trustees are aware of September’s UNEP Finance Initiative Report, Fiduciary Duty in the 21st Century – which concludes that: "Failing to consider long-term investment value drivers, which include environmental, social and governance issues, in investment practice is a failure of fiduciary duty.” Instead of fossil fuel investment, the Pension Fund Committee should invest in solutions to climate change, investments that protect pensions and planet, joining The British Medical Association, Bristol City Council and Oxford City Council who have all recently agreed to make the commitment to no direct investment in the fossil fuel industry. Globally Lincolnshire County Council would join over 400 institutions and 2000 individuals with an asset base of $2.6 trillion who are already divesting across the world. --ENDS-- Please sign the petition and encourage others to do so. For data on Local Authority pension fund investment in fossil fuels see http://gofossilfree.org/uk/pensions/ and http://math.350.org/ Petition from Biff Vernon for Transition Town Louth
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    Created by Biff Vernon
  • Divest Somerset County Council Pension Fund from fossil fuels
    Somerset - on the front line of climate change. Climate Change has caused, and is predicted to cause, a much greater risk of flooding and extreme weather. After the devastating floods of the Somerset Levels in 2013 Somerset County Council saw the terrible impact of climate change first hand. The Council recognises the potential impacts of climate change yet its pension fund invests £121,505,000 in the very fossil fuel companies that are causing climate change ! Yes, 8.3% of the fund, the 10th highest % in the UK, invested in the problem ! We can't afford to burn 80% of the world’s coal, oil and gas reserves if we want to keep climate change below the 2oC 'tipping point'. As governments begin to regulate more closely after the Paris COP agreement, cheaper renewables and oversupply of crude oil globally will see the value of fossil fuels plummet, reserves will become 'stranded assets' and the share price will drop. This makes investing in fossil fuels increasingly risky for all stakeholders. Financial experts, including the Bank of England, Goldman Sachs, Standard and Poor's and AXA, have warned of the economic risk that climate change policies pose to fossil fuel companies. Somerset County Council needs to be ahead of the curve to safeguard the future pensions of all its shareholders. Somerset County Council recognises that it must do whatever it can to tackle climate change and it has a responsibility to divest from an industry that jeopardises the future of our planet. Yet the short term financial gain that the Pension Fund Committee hopes to achieve comes at the risk of financial loss and a cost to people and planet. We hope Somerset County County Council pension trustees are aware of September’s UNEP Finance Initiative Report, Fiduciary Duty in the 21st Century – which concludes that: "Failing to consider long-term investment value drivers, which include environmental, social and governance issues, in investment practice is a failure of fiduciary duty.” Instead of fossil fuel investment, SCC Pension Fund Committee should invest in solutions to climate change, investments that protect pensions and planet, joining The British Medical Association, Bristol City Council and Oxford City Council who have all recently agreed to make the commitment to no direct investment in the fossil fuel industry. Globally Somerset County Council would join over 400 institutions and 2000 individuals with an asset base of $2.6 trillion who are already divesting across the world. Time is running out to stop runaway climate change, (2) it make no moral or economic sense to invest in fossil fuels. The time to change was 30 years ago but massive divestment now is a key part in getting to zero emissions by 2030 and having a chance. Please sign the petition and encourage others to do so. (1) http://math.350.org/ 350.org has revealed how much every UK council invests in fossil fuels. Petition from Cllr Shane Collins, Leader of the Green Group on Mendip Council, East Mendip Green Party, South Somerset Green Party. (2) Kevin Anderson https://www.science.su.se/english/about-us/calendar/the-gordon-goodman-memorial-lecture-2017-kevin-anderson-1.341476
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  • Fossil Free Liverpool University
    Climate Change is an issue which will disrupt our entire planet's weather and ecosystems if we allow it to happen. The effects on society will be drastic and chaotic leading to increased disease, famine, poverty, migration. We want our university be a bold leader in the fight against Climate Change and the transition to a sustainable and fairer society. The failure of the industry and global leaders over the past decades to enact meaningful change has forced the need for progressive action: divestment. The university is a leading researcher in areas of sustainable energy, environment, climate, health, food security and conflict. We want the university to have consistent values in its activities, that it will not endorse or profit from these highly unethical companies. The status quo isn't working and the transition to sustainability is inevitable so let us be bold, let us be positive, let us act on the right side of history and usher in a new better era. Divesting from these companies frees up capital to reinvest in our new technologies, industries and economies for a secure and sustainable future.
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    Created by Fossil Free Liverpool University
  • Divest City of Long Beach from Fossil Fuels
    Long Beach residents are directly threatened by sea level rise from climate change and the harmful effects of fracking.
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    Created by Patricia Chen Picture
  • Divest UP
    The University of Portland is a great University for many reasons. One of them is that UP puts a lot of effort into being environmentally friendly and sustainable. But unfortunately the University is still investing in fossil fuels through its endowment fund. UP needs to divest, because the fossil fuel industry is everything that sustainability is not: fossil fuels are highly polluting, non-renewable, and a major cause of climate change. Fossil fuel divestment has two goals: First, it aligns actions with values. For UP, divestment would be a great next step in becoming more sustainable, a topic that is already of such high importance to the University. Second, divestment changes the public discourse on our collective energy future. It’s time for the University to take action.
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    Created by Anne Luijten
  • Divest York from Fossil Fuels
    If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. There is overwhelming scientific evidence of the link between climate change and carbon emissions. More than 450 major organisations worldwide have taken positive action and become part of the solution by pledging to stop investing in the fossil fuel industry. This has resulted in $2.6 Trillion being removed from Fossil Fuel companies. Organisations signed up so far include many universities, the British Medical Association, the Joseph Rowntree Foundation, The Quakers and Oxford City Council.
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    Created by Ellen Gibson
  • Divest the Greater Manchester Pension Fund
    Pensions are about giving us a secure future. But our future security is fundamentally threatened by climate change. Our pension funds should not be investing in oil, gas and coal firms when we know we must leave 80% of all fossil fuels in the ground to avoid catastrophic climate change. We welcome the decision that you made last year to divest from tobacco companies because of their impact on the people of Greater Manchester, and urge you to take a similar approach with fossil fuel companies.
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    Created by Ellen Gibson
  • 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
  • Divest the University of Notre Dame Sydney Australia from Fossil Fuels
    The consensus for action on climate change is overwhelming. Over 97% of climate scientists globally[2] , the CSIRO[3], United Nations, the Australian Academy of Science [3] and every major national science academy in the industrialised world [5] agree the planet is warming and the observed changes are almost certainly caused by human green house gas emissions and they agree that we need to act now. Virtually every government has acknowledged the threat of climate change and have agreed that we must limit an increase in global temperature to 2 degrees. Amongst the health profession, the World Health Organisation[6], the Australian Medical Association[7], Australian Medical Students' Association[8], Australian College Rural Remote Medicine[9], Australian Nursing Federation[10], Australian Physiotherapists Association[11], Australian Psychological Society[12], Public Health Association of Australia[13], Royal Australian college of Physicians[14], Australian healthcare and hospitals association[15], Members of the Climate And Health Alliance (CAHA)[16] and members of the Global Green and healthy hospitals network[17], all agree that this is an issue that we need to address now. Climate change is responsible for the deaths of 400,000 people globally each year and is costing the global economy $1.2 trillion annually[18]. References: (All last accessed: 21st May, 2013) [1] http://www.guardian.co.uk/environment/2013/apr/19/carbon-bubble-financial-crash-crisis [2] http://www.pnas.org/content/107/27/12107 [3] http://www.csiro.au/en/Outcomes/Climate/Understanding.aspx [4] http://science.org.au/policy/climatechange-g8+5.html [5] http://en.wikipedia.org/wiki/Scientific_opinion_on_climate_change#Statements_by_scientific_organizations_of_national_or_international_standing [6] http://www.who.int/mediacentre/factsheets/fs266/en/index.html [7] https://ama.com.au/node/4442 [8] http://media.amsa.org.au/policy/2010/2010_climate_change_and_health_policy.pdf [9] https://www.acrrm.org.au/country-watch-6-january [10] http://anf.org.au/documents/policies/PS_Climate_Change.pdf [11] http://www.physiotherapy.asn.au/DocumentsFolder/APAWCM/Advocacy/PositionStatement_2017_ClimateChange.pdf [12] http://www.psychology.org.au/Assets/Files/Position-statement-climate-change-August2010.pdf [13] www.phaa.net.au/documents/policy/20081006revisedClimateChange.pdf [14] http://www.racp.edu.au/index.cfm?objectid=F30B227E-D741-D52C-7E5B74679D3F43BF [15] http://ahha.asn.au/sites/default/files/publication/15361/120726_greening_hospitals_and_healthcare_services_-_policy_brief.pdf [16] http://caha.org.au/about/members/ [17] http://greenhospitals.net/members/ [18] http://www.phaa.net.au/documents/121002Inaction%20on%20climate%20change%20now%20a%20leading%20cause%20of%20deaths%20globally.pdf See also: http://lockthecampus.org/
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  • 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
  • Divest Vancouver Island Health Association: Finite Fossil Fuel
    Fossil fuels are finite. This system can't last forever because eventually there comes a point where there is no more left to extract that won't cause catastrophic damage. Dirty oil practices is a result in trying to scrape the bottom of the barrel. Fracking, arctic drilling, offshore drilling, and tar sand expansions are unsafe. This will be at the expense of who lives here and call this island home. Where do we draw the line? Companies and corporations who extract won't draw it because it goes against profits. This is ultimately the same reason they don't allow market competition of oil substitute products and green energy. Profits. There's a limit of how much is safely extracted, what can be extracted and if we don't draw the line for them, then we rush headlong into a future without a safety net or a plan. WE ALL must be responsible for protecting a healthy planet and an economically sound country. Divest now to allow progress with energy reforms, to let them become possible. Profit is the language that corporations speak and divesting speaks volumes. It tells them no more irresponsible behavior. No more reckless behavior. Find a new sustainable way or move over and let another progress us forward into a better future for all
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    Created by Katrina Stone Picture