1. Immediately freeze any new investments in fossil fuels.
2. Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
Why is this important?
A recent federal report states: New federal figures show the amount of heat-trapping carbon dioxide in the air jumped dramatically in 2012, making it very unlikely that global warming can be limited to another 2 degrees. Many governments set a 2-degree increase as the upper limit.
If our government at all levels doesn't take leadership global warming and climate change will likely become uncontrolable in the near future. We cannot allow the fossil fuel industry with its intense lobbying efforts to block this nation from becoming the leaders in the world on the most serious environmental threat we have ever faced. Divestment is a moral stand that will gain the necessary attention to make change. Please join with us and divest Cheltenham Pension Funds.
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