To: City of Louisville

Divest Louisville From Fossil Fuels

Divest Louisville From Fossil Fuels

Metro Louisville should immediately freeze any new investments in fossil fuels, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.

Why is this important?

Global CO2 concentrations have just crossed the dangerous 400ppm milestone. Our local government has a responsibility to divest from an industry that’s destroying our future, and reinvest in solutions to climate change. Continued investment in the impending "carbon bubble" is morally, ecologically, AND financially reckless. If Louisville really wants to be the leader it claims, it should join Seattle, WA, Madison, WI, Bayfield, WI, Ithaca, NY, Boulder, CO, State College, PA, Eugene, OR, Richmond, CA, Berkeley, CA, and San Francisco, CA in publicly committing to divest from fossil fuel investments.

We can not count on the federal government, even as extreme weather events like Louisville's record spring/summer heat of 2012 and record rainfall of 2011 overwhelm local budgets. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry. This holds particularly true here in Kentucky - a state deeply beholden to coal.

The bottom line is this: divestment is the only moral choice for governments that care about their citizens. Solving the climate crisis is the only practical choice for governments that care about their solvency.

Here is a brilliant short video and interactive map that drives home the point:
http://www.guardian.co.uk/environment/interactive/2013/apr/19/countries-exposed-carbon-bubble-map
In every way, the "smart money" is NOT on fossil fuels.

It's time to divest from fossil fuels now!

How it will be delivered

We will hand deliver the petition to Mayor Fischer.

Louisville, KY

Maps © Stamen; Data © OSM and contributors, ODbL


Reasons for signing

  • I signed for the future of our children and all children.
  • Divesting from owning stocks of fossil fuel companies is one of the few concrete steps we can take to increase attention to the problem of global warming. When the world wakes up to the crisis being created by burning fossil fuels, then fossil fuel stocks will have "stranded assets" and the value of those stocks will plummet. Therefore, continuing to hold such stocks is bad investing in addition to being morally wrong.
  • Fossil fuels are a major contributor to climate change, and thus, sea level rise. Their attainment also fouls our inland and coastal waters and harms the health of many terrestrial and oceanic species.Louisville should not invest in such harmful industries. West Coast Director Surfers' Environmental Alliance

Updates

2015-02-03 17:38:24 -0500

25 signatures reached