To: President Burcham

Loyola Marymount University: Go Fossil Free!

Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, we call on Loyola Marymount University 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.

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 $50bn 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.

Our mission statement at Loyola Marymount University includes the promotion of justice. Students are expected to learn the importance of global justice and the ways even a small group of individuals can triumph in the name of morality and integrity. Serve as a golden standard for your students by standing up for what is right and just over what is profitable.

As public pressure to confront climate change builds, we call on Loyola Marymount University 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 Loyola Marymount 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.

Loyola Marymount University

Reasons for signing

  • For my grandchildren and their grandchildren
  • I'm signing this because I CANNOT believe that LMU has STILL not done this yet! They mentioned starting a divestment campaign spring of 2011. So.... LMU, are you ready to divest from dirty energy that fuels social and environmentla injustices around the world, or do you want to invest in our school's Jesuit mission of promoting justice?

Updates

2015-02-17 19:17:20 -0500

10 signatures reached