100 signatures reached
To: President & Board of Regents of Memorial University
Go Fossil Free!
As public pressure to confront climate change builds, we call on Memorial University of Newfoundland and Labrador 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 well-being 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. With increasing frequency and severity we are witnessing the impacts of a warming planet. 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. As an institution that educates students on global environmental concerns, Memorial University has a particular responsibility to lead by example and be a pioneer in the movement for a sustainable future.