• 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
  • University of Eastern Finland: Go fossil free!
    Miksi tämä on tärkeää? Yliopistoilla on moraalinen vastuu yhteiskunnan korkeimman tiedon lähteinä hyödyntää omassa toiminnassaan parasta olemassa olevaa tietoa. Tiedeyhteisön yhteisymmärrys on kiistaton. Emme voi polttaa edes puolta maailmanlaajuisista fossiilisten polttoaineiden tunnetuista varannoista aiheuttamatta tuhoisaa ilmaston lämpenemistä. [5][6][7][8] Ilmastotieteilijät ovat yhtä mieltä siitä, että fossiilisten polttoaineiden käyttö on suurin yksittäinen syy ihmisen toiminnan aiheuttamaan ilmastonmuutokseen, josta seuraa äärimmäisen vakavia ekologisia ja sosiaalisia katastrofeja. [5] Itä-Suomen yliopiston tulee toimia esimerkkinä ja harjoittaa kestävää sijoitustoimintaa niin ympäristön kuin taloudenkin kannalta. Fossiilienergiayhtiöihin liittyvää taloudellista riskiä kutsutaan “hiilikuplaksi”. Se johtuu alihintaisten kasvihuonekaasupäästöjen aiheuttamasta markkinahäiriöstä. Hiilikupla on saanut useita sijoittajia vetämään sijoituksensa pois näistä yhtiöistä. [8][9] Sijoittamalla puhtaaseen energiaan ja vihreään talouteen, yliopisto edistää myös opiskelijoidensa työllistymistä ja tukee biotalouden vallankumousta. Yliopiston siirtyminen kestävään sijoitusstrategiaan on vahva signaali yliopiston henkilökunnalle, opiskelijoille ja sidosryhmille siitä, että yliopiston johto tunnustaa tieteellisen tutkimustyön tulokset ja pyrkii kehittämään yliopiston toimintaa vastuulliseksi. Strategiassaan Itä-Suomen yliopisto pyrkii vastaamaan ympäristön muutokseen ja luonnonvarojen riittävyyden globaaliin haasteeseen. ”Muuttuvan maailman monimutkaisten haasteiden ratkaiseminen edellyttää kykyä ajatella ja yhdistää asioita uudella tavalla”. [2] Yhteiskunta tarvitsee edelläkävijöitä, jotka rakentavat uutta kestävää toimintatapaa ja motivoivat muita osallistumaan uusien parhaiden käytäntöjen omaksumiseen. ------------------------------------------------------ Why is this important? Universities have the moral responsibility to act as the leading sources of scientific research and education in a society, and according to the best information available. The scientific consensus is clear and overwhelming; we cannot safely burn even half of the world's fossil-fuel reserves without causing destructive global warming. [5][6][7][8] Climate scientists agree that the use of fossil fuels is the main cause of anthropogenic global warming that will cause extreme ecological and social catastrophes. [5] The University of Eastern Finland should take the lead in confronting climate change by promoting sustainable and financially sound asset management practises. By investing in clean sources of energy and in green economy, the university will improve students’ prospects and support the bio-economy revolution. The economic risk that comes with the use of fossil fuels is referred to as the “Carbon bubble”. Carbon emissions can be produced very cheaply, which causes a disturbance in the market. Many investors have withdrawn their investments in companies that participate in this Carbon bubble.[9][10] By switching to a sustainable investment strategy the university would send a strong signal to its staff, students, and collaborators; that the university recognises the results of scientific research and will, accordingly, transition to a sustainable investment strategy. In its strategy the University of Eastern Finland seeks to respond to climate change and the global challenges that arise from the insufficiency of natural resources. “The challenges of a complex and changing world can only be solved by thinking in new ways, and making new connections.” [2] Society needs pioneers who will build a new, sustainable model and motivate others to participate in a transition to new, better practices. [1] (ilmoitettujen varantojen sisältämän hiilidioksidimäärän perusteella mitattuna). http://gofossilfree.org/companies/ [2] http://www.uef.fi/fi/uef/strategia [3] http://www.uef.fi/web/kestava-kehitys/kestava-kehitys [4] http://www.acadsci.fi/kannanottoja/turpeenenergiakaytto/tiivistelma.pdf [5] http://www.ipcc.ch/pdf/assessment-report/ar5/wg1/WGIAR5_SPM_brochure_en.pdf [6] http://carbontracker.live.kiln.it/index.html?CMP=twt_gu [7] http://climate.nasa.gov/scientific-consensus [8] http://climate.nasa.gov/vital-signs/carbon-dioxide/ [9] http://gofossilfree.org/endorsements/ [10] http://www.carbontracker.org/report/carbon-bubble/
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  • 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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  • 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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  • 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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  • DIVEST TONBRIDGE AND MALLING COUNCIL FROM FOSSIL FUELS
    97% of scientists agree that Climate Change is a fact(1)One of the effects of this will be increased instances of flooding. The reserves of fossil fuels left in the ground are dwindling, and are ever more difficult to extract. In the long term they will run out. In the future the world needs to move towards reliable non fossil fuels such as renewable energy. Moving investments away from fossil fuels will hasten this change to alternative sources of energy. Tonbridge is a town that is already prone to flooding,and so particularly at risk from extreme weather events. It does not make sense for a borough that is suffering from the results of climate change to be investing in the fossil fuels that are fuelling climate change. In the past fossil fuels were seen as a good safe investment....but the world is changing, and they are not the most reliable source of energy for the future. 1 http://www.theguardian.com/environment/climate-consensus-97-per-cent/2013/may/16/climate-change-scienceofclimatechange
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  • Oakland Museum of CA: Divest From Fossil Fuels
    The effects of climate change threaten to overwhelm local budgets while federal inaction to solve this crisis is all but stalled. 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. Divestment is the only moral choice for institutions that care about the planet and its residents.
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  • Chico Community Church: Divest from Fossil Fuels!
    The Bible states that "the world and all it contains" are God's. (Psalm 89 v 11) Thus, it seems immoral that some people will use the world as a tool to exploit for their own profit and to satisfy their greed. If we believe God created the world, and we are to be good caretakers of His planet, them we cannot offer monetary assistance to any persons seeking to continue exacerbating mankind's current unsustainable lifestyle.
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  • GEORGIA TRS DIVEST
    The Teachers Retirement System (TRS) of Georgia has significant investments in fossil fuel corporations, including Exxon Mobil, Chevron, Peabody Energy, BP, China Coal Energy, Conoco Phillips, and Royal Dutch Shell. We believe that investing in fossil fuel companies hastens climate change by providing those companies incentives to continue extracting and exploring for dirty forms of energy. Divestment would encourage energy companies to shift their resources toward renewable energy sources. The recent oil spill in Santa Barbara is just one of the many negative consequences of our reliance on fossil fuels. Besides rising carbon dioxide levels, other problems associated with our dependence on fossil fuels include the numerous wars fought for access to oil, the damage to the environment from fracking, tanker and pipeline spills, and air and water pollution.
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    Created by Georgia Teachers for Fossil Fuel Divestment
  • Divest the University of Rochester 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 Highlands from Fossil Fuels
    Climate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences. In order to have a chance of staying below this maximum upper limit of warming 80% of known fossil fuel reserves must not be burnt. 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. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control. In addition, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions. If it is wrong to damage the world we live in, then it is wrong to profit from that damage. Responsible investors should no longer be profiting from the destructive activities of these companies. The Highland Council are fully committed to both reducing the Highlands's contribution to climate change as well as safeguarding the Highlands against its impacts. In particular, they have developed Carbon Clever Highlands a Highland Council led initiative with a target of a carbon neutral Inverness in a low carbon Highlands by 2025. The Highland Council manages the pensions of its employees and needs to make sure these funds are transferred to investing in low carbon options rather than fossil fuels. Recent financial studies have shown that divestment from fossil fuels may have a small positive effect on investment portfolios in the short term. Moreover, in the long term these fossil fuel investments will become increasingly risky as the cost of extraction increases and international treaties restrict the use of fossil fuels. Not only does it make moral sense not to invest in the destruction of our planet, it also makes financial sense. It is illogical to allow pension funds to endanger those whose futures they seek to protect. Recent publications have highlighted the real dangers posed to Highlands from climate change, including an increased risk of flooding and storm damage. Continuing to invest in the fossil fuel industry contradicts the commitments of the Highland Council By divesting from fossil fuels, the Highland Council will join public institutions such as the British Medical Association, Glasgow University and Oxford City Council, amongst many others, in leading by example to help create a sustainable future it's citizens. So we ask: 1. The Highland Council to make a public statement supporting the principle of divestment and to commit to avoid investment in any bonds, stock or shares connected to fossil fuels. 2. The Highland Council to review their pension fund investments and - Immediately freeze any new investment in fossil fuel companies, including those made by externally managed and pooled funds. - Offer a fossil free pension option to employees - Divest from the top 200 companies with the largest known carbon reserves (oil, gas and coal), and shift these funds to lower risk, ethical investments within 5 years 3. The Highland Council must be transparent about its relationship with the fossil fuel industry: - Publish full details of their financial and other ties to the fossil fuel industry - Not accept sponsorship and advertising from fossil fuel companies. - Declare their divestment from the fossil fuel industry in order to encourage other pension funds, institutions and individuals to do the same. 4. The Highland Council must do the above in a timely manner - By setting up a working group to report back on a strategy within three months from the submission of this petition
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  • Divest the University of Cincinnati from Fossil Fuels
    Climate change is the greatest issue our generation will ever face, both in its size and its immediacy. As the global temperatures rise, our oceans are becoming more acidic, water levels are rising, the frequency of severe weather events is increasing, and people all over the planet are suffering. From the Pacific Islands to the Arctic circle, people's lives and livelihoods are in danger. This is the future that the fossil fuel industry is creating. This is the future that UC, as an institution, is supporting through investments in the fossil fuel industry. The University of Cincinnati has much to gain from a commitment to divesting. UC has a strong record of sustainable actions, so divesting from fossil fuels would prove the strength and validity of UC's commitment to sustainability. As a leader in the Cincinnati community and the state of Ohio, divestment would allow UC to become even more of a strong, positive, sustainable role model for other institutions. Please show your support for this cause by signing this online petition today!
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