To: President Charles Steger:

Virginia Polytechnic Institute and State University: 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 Virginia Tech 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 Virginia Tech 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 Virginia Tech will not only be a sound decision for our institution's financial portfolio, but also for the well being of its current and future graduating classes, who deserve the opportunity to graduate with a future not defined by climate chaos.

Virginia Polytechnic Institute and State University

Maps © Stamen; Data © OSM and contributors, ODbL


Reasons for signing

  • The time to divest in fossil fuels is now. Although equities may continue to grow for a while, they eventually plummet as fossil fuels become increasingly difficult to come by. By investing in alternative energy, Virginia Tech can get in on the ground floor, benefiting the infant industry that is destined to dominate the economy once the fossil fuels run out. Virginia Tech's catchphrase is "Invent the Future." There is no future in fossil fuels. The future belongs to alternative energy.
  • Tell TRUTH to power. Stop digging fossils asap. Jobs in alternative fuel.
  • To help the world and to beat UVA

Updates

2015-06-06 14:02:01 -0400

50 signatures reached