To: President Dr. Michael Crow

Arizona 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 Arizona State University 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 Arizona State University 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 Arizona State University 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.

Arizona State University

Maps © Stamen; Data © OSM and contributors, ODbL


Reasons for signing

  • I would like to see ASU match rhetoric with action at all levels. ASU undermines its own model of the New American University by continuing to support business as usual. ASU should use its considerable power and influence in whatever way possible for a more sustainable world.
  • ASU is a leading the way with a sustainable campus with LEED buildings, roof top solar and the School of Sustainability. It would be wonderful for ASU to be the lead the way as the first big University to divest from fossil fuels.
  • This is IMPORTANT and that's why I signed.

Updates

2015-09-24 14:51:38 -0400

50 signatures reached