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  • Divest West Yorkshire Pension Fund from Fossil Fuel Investments
    Over 5% of WYPF's investments are in fossil fuel companies, including £207 million invested in BP and £171 million invested in Royal Dutch Shell. [1] Climate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences. In order to have a chance of staying below this maximum upper limit of warming 80% of known fossil fuel reserves must not be burnt. Recent research, instigated by the Carbon Tracker foundation, asserts that there are five times more fossil-fuel reserves than can be burnt if internationally agreed carbon emissions targets are to be met. The fossil fuel industry currently holds vast carbon reserves which if burnt would result in emissions 5 times larger than what it is deemed to be safe. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control. In addition, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions. Fossil fuel equities also pose significant financial risks. As governments control carbon emissions to meet these targets a large proportion of fossil fuel reserves which companies expect to extract will become stranded assets: a “carbon bubble”. Funds which are exposed to fossil fuel equities when this bubble bursts can expect to suffer considerable losses. The Governor of the Bank of England, Mark Carney has recently expressed concerns over climate risk, stating that the “vast majority of reserves are unburnable” if global temperature rises are to be limited to below 2C.[2] [1} WYPF Valuation March 2014 [2] http://www.theguardian.com/environment/2014/oct/13/mark-carney-fossil-fuel-reserves-burned-carbon-bubble
    1,707 of 2,000 Signatures
    Created by Chayley Collis
  • Devon County Council - Divest from Fossil Fuels
    Pensions are about giving us a secure future. But our future security is fundamentally threatened by climate change. Our pension funds should not be invested in oil, gas and coal companies when we know we must leave 80% of all fossil fuels in the ground to avoid catastrophic climate change. Our local authorities have a duty to look after the public good. Fossil fuels are in direct conflict with the public good: investing in them poses a risk both to pension members and to the planet. So Devon County Council should take a moral, political and economic stand against them by taking our money away from fossil fuel companies and putting it into investments that are less at risk from climate change legislation. Divestment from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Devon wish to support an alternative, sustainable energy future that will leave the planet in a shape that allows us, our children and grandchildren to live safely on it. .......................................................................................................................................................... Template letter (please adapt and use your own words as much as possible, talking about why this issue is important to you): Dear Councillor In 2019, Devon County Council ranked 14th among UK local authorities for the amount of its pension fund invested in fossil fuels. The Devon Pension Fund had £157 million invested through passive portfolios, with the two main companies being Shell and BP. The core business models of Shell and BP are based on the extraction of fossil fuels with absolutely no prospect of change within the timescales required by the Paris Agreement. Both these companies plan to continue exploration for years to come and are opening new oil wells in UK waters. Brunel Partnership who manage the fund have made a commitment to net zero by 2050 and to reduce the fossil fuel investments of the Devon Pension Fund by a minimum of 7% a year. Such incremental change would have been possible had we begun thirty years ago, but the International Energy Agency (IEA) have concluded that exploitation and development of new oil and gas fields must stop this year and no new coal-fired power stations can be built if the world is to stay within safe limits of global heating. Cllr Bloxham has defended the position of the DCC Pensions and Investment Committee saying that “to achieve real emissions reductions it is vital we engage with the companies we are invested in, to hold them to take responsibility for their products”. Both Shell and BP and many of the others indirectly funded by the DCC Pension Fund have spent decades, and continue today, to spend millions of pounds a year funding lobbying groups to suppress the science, spread misinformation and confusion which has resulted in widespread climate denial and inaction. The best way for DCC to influence these companies is to join the growing number of local authorities and organisations, such as the Methodist Church and many Universities, who have removed their investments and placed them in alternative funds. I therefore demand that: 1) DCC fully divest its pension fund from all fossil fuel investments in the next 12 months 2) DCC informs all pension holders in the Local Government Pension Scheme of the current fossil fuel investments and produces a roadmap for divestment with clear milestones 3) DCC works with the relevant agencies to develop and fund a low carbon investment programme for Devon The safety and security of the people you represent depend on strong action on the climate crisis. Divest Now!
    1,073 of 2,000 Signatures
    Created by Maurice Spurway
  • Divest The Open University from fossil fuels
    To support the speediest conversion to reducing carbon dioxide emissions, encourage politicians to get serious themselves, and to be a consistent part of the solution rather than a part of the problem.
    1,090 of 2,000 Signatures
    Created by Simon Barton
  • University of Plymouth, commit to NEVER invest in Fossil Fuels!
    We will not keep climate change at bay without halting our extraction of fossil-fuels. Plymouth University prides itself in its sustainability and environmental performance however neglecting to sign the declaration and commit to excluding fossil fuels from future investments shows a clear inconsistency in their policy. The People and Planet society here at Plymouth University want this to change. Despite no current investments in fossil fuels there is no policy stopping this in the future. Plymouth University was once at the top of the People and Planet University League Table (2015), but by 2019 had dropped down to 15th. By signing the Fossil Free Declaration Plymouth could both increase their position AND show a renewed commitment to global social and climate justice. As students we are investing our time and money into our education and future. So why shouldn't our institute of learning promise never to invest in Fossil Fuels and invest in our future instead?
    585 of 600 Signatures
    Created by Paisley Turner
  • Divest Lancaster University from Unethical Investment
    It's 2021 and Lancaster University is STILL investing in fossil fuels to the tune of £171,753. UK universities support the fossil fuel industry directly through investments in companies such as BP and Shell. Lancaster University's involvement with this industry is incompatible with their image as a green university, actively promoting renewable energy and sustainability. When this campaign began in 2014 around 14% of the university's current investments were in fossil fuels and nearly 4% of investments were in the arms trade. These investments are incompatible with the view of Lancaster as an ethical and environmentally friendly university, and we believe an increased awareness and lobbying by students will encourage the university management to adopt an ethical investment policy. Link to our most up to date information on the University's investments: https://peopleandplanet.org/university/129384#fossil-free-scorecard Link to our early research: https://www.whatdotheyknow.com/request/university_investments_2?nocache=incoming-575353#incoming-575353
    1,421 of 2,000 Signatures
    Created by Orla McKeon-Carter
  • Divest West Midlands Pension Fund From Fossil Fuels
    Climate change is already causing massive destruction around the world. For the sake of all of our futures, we need to move away from fossil fuels and begin the transition to a clean and just energy economy, now. Many of the fossil fuel companies that West Midlands Pension Fund invests in have a poor environmental record, including ExxonMobil. ExxonMobil, the world's largest oil company, spilled 11 million gallons of oil off the coast of Alaska and plans to drill in the Russian Arctic with Rosneft. BP, another West Midlands Pension Fund investment, was responsible for the largest environmental disaster in U.S. history, the Deepwater Horizon oil spill on the Gulf of Mexico. Fossil fuel companies are also highly overvalued due to the assumption that all of their reserves will be burnt. But as policy catches up to climate realities, this overvaluation means there’s a multi-trillion dollar “carbon bubble” that’s poised to burst. This will greatly effect the value of our pensions if West Midlands continues to invest in fossil fuels. We know that 80% of current fossil fuel reserves must stay in the ground to prevent runaway climate change. We must act now!
    720 of 800 Signatures
    Created by Kay Edwards
  • Lewis & Clark College: Go Fossil Free!
    Climate scientists agree that the record breaking weather events are being caused by increases in global temperatures (2). These temperature increases have largely been the result of carbon emissions from the burning of fossil fuels. 60-80% of the existing coal, oil, and gas reserves should be left unburned (3) in order to limit global warming to less than 2°C, as signed in the Paris Climate Agreement (4). Anything above this threshold drastically increases the risks of more climate disasters. We therefore call on Lewis & Clark College to immediately freeze any new investments in the most carbon intensive fossil fuel industries, especially those on the Carbon Underground 200’s list (5) of biggest oil and gas companies, and to divest within five years from direct ownership and from any commingled funds that include public equities and corporate bonds in these industries. With increased transparency and in collaboration with students, Lewis & Clark College should revise the Environmental Social and Governance (ESG) investment policy in order to meet these divestment goals. We believe such action on behalf of Lewis & Clark College will not only be a moral decision for the well-being of the planet, but also a sound decision for our institution's financial portfolio. The recent fluctuations in fossil fuel prices make these investments unreliable. The stocks themselves are also being overvalued; the fossil fuel industry is considering their aforementioned unburnable fossil fuels as assets, when in fact they are “stranded assets” under the goals of the Paris Agreement. Divestment from fossil fuels will have adverse financial effects on the industry and will encourage a larger cultural shift in which these investments themselves carry a powerful stigma. As more and more people continue to view coal, oil and gas negatively, through movements like divestment, this will pressure these fossil fuel companies to transition to clean energy. As of December 2016, 688 institutions worldwide have divested over five trillion dollars from fossil fuels (6). Lewis & Clark College, a pioneer of sustainability, should participate in this significant global movement. (1) https://www.lclark.edu/live/files/22998-list-of-managers-may-31-2016pdf (2) http://www.livescience.com/10325-living-warmer-2-degrees-change-earth.html (3) https://phys.org/news/2013-04-unburnable-fossil-fuels-investors-stranded.html (4) http://unfccc.int/paris_agreement/items/9485.php (5) http://fossilfreeindexes.com/research/the-carbon-underground/ (6) https://www.arabellaadvisors.com/wp-content/uploads/2016/12/ Global_Divestment_Report_2016.pdf
    1,064 of 2,000 Signatures
    Created by Bruce Podobnik
  • Vœu d'Annecy contre les investissements contribuant au changement climatique
    Considérant que les engagements pris dans l'accord de Paris adopté à l'issu de la COP21, par lequel la communauté internationale s'est engagé à maintenir le réchauffement climatique « bien en-deçà de 2°C » ; Considérant que l'Assemblée nationale a adopté, le 25 novembre dernier, une résolution pour une société bas carbone, dans laquelle elle « "encourageant les investisseurs institutionnels, les entreprises, notamment celles dont l’État est actionnaire, et les collectivités territoriales à cesser d’investir dans les énergies fossiles et notamment dans le charbon » ; Considérant que, dans son rapport « Unburnable carbon », la Carbon Tracker Initiative montre que les entreprises du secteur fossile exploitent actuellement ou s'apprêtent à exploiter des réserves de charbon, de gaz et de pétrole représentant 2,795 gigatonnes d'émissions potentielles de CO2, soit cinq fois ce que nous pouvons émettre si nous souhaitons pouvoir maintenir le réchauffement sous cette barre des 2°C ; Considérant que des travaux récemment publiés par la revue Nature ont montré que l'ensemble des combustibles fossiles présents dans le sous-sol, qu'il s'agisse de gisements exploités, en passe d'être exploités, ou simplement identifiés, représentent 11 000 gigatonnes d'émissions potentielles de C02, soit vingt fois ce que nous pouvons émettre si nous souhaitons pouvoir maintenir le réchauffement climatique sous cette barre des 2°C ; Considérant la campagne lancée il y a trois ans par le mouvement 350.org de « désinvestissement du secteur fossile », qui se fonde sur le constat que certaines institutions encouragent le réchauffement climatique en détenant des investissements directs dans des entreprises du secteur des énergies fossiles, et encourage les institutions à initier une stratégie d’investissement socialement et écologiquement responsable et pour ainsi agir en faveur du climat ; Considérant que les entreprises ciblées dans le cadre de cette campagne sont toutes celles qui appartiennent à la liste des 200 entreprises qui possèdent les plus grandes réserves de charbon, de gaz et de pétrole, autrement dit qui représentent les principales sources d'émissions de CO2 à venir, telles que listées par la « Carbon tracker initiative » ; Considérant que pour réellement initier ce changement souhaité deux principaux acteurs sont prioritairement à convaincre : les fonds de pension et les banques, qui gèrent des portefeuilles d’investissement très importants ; Considérant que les caisses de retraites de la fonction publique (Ircantec, Erafp, Cnrac) ainsi que le Fonds de réserve pour les retraites détiennent plusieurs milliards d'actions et obligations émises par ces entreprises ; Considérant que plus de 500 villes, universités, musées et autres institutions se sont d’ores et déjà engagées dans cette démarche, à l’image des villes de San Francisco et Seattle ou encore de l’université de Stanford, du Fonds souverain de Norvège, de la fondation Rockefeller Brothers, rejointes par la ville de Paris par 34 collectivités locales françaises (parmi lesquelles les villes de Paris, Lille et Bordeaux, les régions Ile de France et Rhône-Alpes-Auvergne) ; Considérant que la ville d'Annecy a la responsabilité de protéger la vie et l'environnement de ses habitants des conséquences du changement climatique ;
    10 of 100 Signatures
    Created by zibell greg
  • SUNY Albany Invests in a cleaner future
    If we are serious about addressing the climate crisis, we must slash our consumption of fossil fuels, and that means a lot more than using fluorescent light bulbs and lowering our thermostats.Put simply, it is nearly impossible to function in our culture without relying heavily on fossil fuels. The fossil fuel industry has maintained a stranglehold on our way of life not because of consumer choice, but because consumers are effectively given no other choice. Climate change should be solved not by expecting individuals to make choices that are hardly within their power to make, but by challenging the structures that are at the heart of the climate crisis.
    10 of 100 Signatures
    Created by Alyssa Losee
  • GEORGIA TRS DIVEST
    The Teachers Retirement System (TRS) of Georgia has significant investments in fossil fuel corporations, including Exxon Mobil, Chevron, Peabody Energy, BP, China Coal Energy, Conoco Phillips, and Royal Dutch Shell. We believe that investing in fossil fuel companies hastens climate change by providing those companies incentives to continue extracting and exploring for dirty forms of energy. Divestment would encourage energy companies to shift their resources toward renewable energy sources. The recent oil spill in Santa Barbara is just one of the many negative consequences of our reliance on fossil fuels. Besides rising carbon dioxide levels, other problems associated with our dependence on fossil fuels include the numerous wars fought for access to oil, the damage to the environment from fracking, tanker and pipeline spills, and air and water pollution.
    10 of 100 Signatures
    Created by Georgia Teachers for Fossil Fuel Divestment