To: USC PRESIDENT, C.L. MAX NIKIAS AND USC BOARD OF TRUSTEES

University of Southern California: Go Fossil Free!

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 Southern California 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 Southern California 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 Southern California 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.

University of Southern California

Reasons for signing

  • It's time to stop self destruction
  • This is, for me, the most important issue facing us as a society. The future of our planet is at stake. We must act now if we expect to save our Earth for future generations.
  • Fossil fuel companies have 2795 gigatons of carbon in their reserves, which is five times more than the worldwide agreed upon 565 gigaton maximum we can burn and still keep temperature change under two degrees. It is necessary to divest from fossil fuels to prevent further environmental degradation and guarantee that a habitable world will exist, and thus allow for the building of the Trojan family for future generations.

Updates

2015-02-16 23:34:24 -0500

100 signatures reached