25 signatures reached
To: Cllr Alison Gerrard, Mayor of Northwich
Divest Northwich from Fossil Fuels by 2020
We call upon the Town Council 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 within 5 years.
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, Somerset floods, Australian, Californian and African droughts and Australian fires threaten to overwhelm local budgets, government and inter-governmental 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, which proved a significant tool in ridding South Africa of Apartheid, 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.