25 signatures reached
To: City Government
Divest New Haven From Fossil Fuels
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.
Why is this important?
Divestment has successfully resulted in a shift in government policy and public perception in the past. If one city, one University,one religious institution divests, others will follow. It will send a powerful message to the fossil fuel industry that we will not let them ruin our environment. It has to stop now!
Bill McKibben states that "as the country’s colleges, cities and denominations begin to cut their ties, we’ll start to revoke the social license" of the fossil fuel industry, one again arguing that "if it’s wrong to wreck the climate, then it’s wrong to profit from the wreckage."