1,000 signatures reached
To: Cardiff University
Make Cardiff University Divest From Fossil Fuels!
Cardiff University should:
-Screen for and exclude the fossil fuel industry from their investment portfolio,
-Immediately freeze any new investment in fossil fuel companies.
-Shift funds to lower risk, ethical investments within 5 years
Why is this important?
From a Freedom of Information request, we learned that Cardiff University currently invests around two million pounds of its total endowment funds in the Fossil Fuel industry (Shell, BG Group, BHP Billiton etc). Divesting from this industry will withdraw moral support from the Fossil Fuel industry and show Cardiff University's support for a more sustainable future.
Cardiff University has already divested from the Arms and Tobacco industry, and it has a number of world leading researchers working in sustainability. The Fossil Fuel industry has a disproportionate influence on government policy and independent institutions like universities through lobbying and funding. As Climate Change has been verified by 97% of climate scientists, (according to a recent IPCC report) it is essential to begin cutting political and economic ties with this industry, so that the democratic process has a chance to avert the catastrophe which we are heading towards.
We are not powerless in the struggle to protect our planet from uncontrollable climate chaos, and we can use divestment as a way to send a strong political message through our institutions- including Cardiff University.