To: President & Board of Trustees

Divest University of Alaska: Go Fossil Free!

Divest University of Alaska: Go Fossil Free!

As public pressure to confront climate change builds, we call on University of Alaska to immediately freeze any new investment 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. We believe such action on behalf of our University will not only be a sound decision for our institution’s financial portfolio, but also for the wellbeing of its current and future graduating classes, who deserve the opportunity to graduate with a future not defined by climate chaos.

Why is this important?

Climate change is accelerating. We are witnessing the increasing impacts of a warming planet more and more consistently; in this last year alone our country experienced record-breaking heat, droughts, and hurricanes, which impacted hundreds of thousands of people and cost our country hundreds of billions of dollars. Hurricane Sandy alone caused $50 billion in damages. Experts agree that global warming caused by humans burning fossil fuels will continue to accelerate and intensify these tragic climate disasters. The scientific consensus is clear and overwhelming; we cannot safely burn even half of global fossil-fuel reserves without dangerously warming the planet for several thousand years.

Anchorage, AK

Reasons for signing

  • It's time for Alaskans to profit from something other than wrecking the climate.
  • Alaska has to face the future, that it cannot life forever depending on fossil fuels for its lifeblood. The sooner we stop letting fossil-fuel companies dominate the Alaska power structure and start moving toward a day without that dependence, the better we will be.
  • Institutions exist to better society. The fossil-fuel industry erodes the very foundation that society depends upon through its unsustainable practices. Therefore, institutions like UAA should no longer invest in something that clearly goes against its function as an institution. It has recently been found that Alaskan residents are the first climate refugees in the United States. UAA should take a stand and divest from corporations that make Alaskans vulnerable.

Updates

2014-02-10 11:55:46 -0500

50 signatures reached