100 underskrifter nådda
To: President Susan Herbst:
Fossil Free UCONN
Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, we call on the University of Connecticut 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.
Why is this important?
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 the University of Connecticut 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 the University of Connecticut 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.
It is not moral or sustainable to invest student monies into companies that destroy their futures. As a university ranking 1st as a Sierra Club cool school, also a "Campus Sustainability Leader" on its College Sustainability Report Card 2011, and ranking 3rd in the UI GreenMetric World University Rankings, UConn cannot hold these honors with an endowment invested in fossil fuels. Divestment from fossil fuels aligns with the beliefs of the university.