25 signatures reached
To: City of Monterey
Divest Monterey From Fossil Fuels!
The City of Monterey has millions of dollars in its endowment. As a taxpayer and citizen of planet Earth I ask the City of Monterey to:
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 with 5 years.
We can do it, and is there a good reason not to?
Why is this important?
We're all part of institutions that ought to be looking out for the public good, from city and state governments to religious institutions to other kinds of charities and non-profits. Most of these institutions invest money in stocks and bonds, and have a responsibility to divest from an industry that’s destroying our future, and reinvest in solutions to climate change.
Even as extreme weather events like Hurricane Sandy, floods, droughts and fires threaten to overwhelm local budgets, federal inaction to solve this crisis is all but stalled. 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.
The bottom line is this: divestment is the only moral choice for institutions that care about the planet and its residents. Solving the climate crisis is the only practical choice for governments that care about their solvency. Stopping fossil fuel companies from destroying our future is something everyone should be able to agree about.