To: Vice Chancellor John Wilton and Associate Vice Chancellor Erin Gore

University of California - Berkeley: 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 UC Berkeley 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 UC Berkeley 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 UC Berkeley 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 California - Berkeley

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Reasons for signing

  • Honestly I am concerned about the future, but I will be graduating with a license to pilot vessels that uses fossil fuel. So you might think that this is hypocrisy, but my reason of signing this is I want change and this is a first step and hopefully a significant one.
  • Divestment is a lever for change when Congress is in denial about climate disruption: it forces decision-makers to take public action.
  • I graduated from UC Berkeley - School of Conservation of Natural Resources, Class of '76 - this is morally mandatory for me to do. Until the Regents act responsibly on this I will withhold future donations and ask others to do so as well. Go Bears ;-)

Updates

2013-09-15 18:27:48 -0400

100 signatures reached