100 signatures reached
To: Vice-Chancellor Jane den Hollander and the University Council
Divest Deakin University From Fossil Fuels
As public pressure to confront climate change builds, students call on Deakin 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 our 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. As a university that promotes itself as 'worldly', Deakin must commit to divest from fossil fuels for the sake of not only its students but for the world as a whole.
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, floods and cyclones, which impacted hundreds of thousands of people and cost our country hundreds of billions of dollars. 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.