To: University Board

Trinity College, University of Dublin, Fossil Fuel Divestment

Trinity College, University of Dublin, Fossil Fuel Divestment

We call on Trinity College and its subsidiaries to immediately freeze any new investments 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

Why is this important?

80% of current fuel reserves must stay unburned to have a significant probability of staying below the 2 degree limit of warming. However the markets place a multi trillion dollar value on this unburnable carbon reserve. Therefore, assuming effective legislation, to curb emissions and prevent catastrophic global warming, is introduced, this trillion dollar carbon bubble will burst. This means anyone who has investments in fossil fuel companies will suffer huge devaluation. Furthermore, actively investing money in the fossil fuel industry is effectively betting that we will not act to save the planet. This is an incredibly cynical position to take, one which hampers efforts to protect the climate and puts investors at risk of huge losses.
As such, we believe divestment will not only be a sound decision for our institution’s financial portfolio, but also for the well being of its current and future graduating classes, who deserve the opportunity to graduate with a future not defined by climate chaos.

Dublin, Ireland

Reasons for signing

  • I've seen for myself that this world is beautiful, but I want my children and their children to see it for themselves too. There is only one Earth, we don't get a second chance at this. Let's not be quiet about global warming and climate change.
  • Because people need to realise its not just our planet- animals and plants create our planet too and we need to stop human greed to save them as well as ourselves
  • I'd quite like for humans to continue to live

Updates

2016-03-12 00:56:19 -0500

1,000 signatures reached

2016-02-11 16:02:37 -0500

500 signatures reached

2015-11-02 03:18:35 -0500

100 signatures reached

2015-10-26 08:56:35 -0400

50 signatures reached

2015-10-23 16:43:50 -0400

25 signatures reached

2015-10-23 03:52:12 -0400

10 signatures reached