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  • Divest Brent Council from Fossil Fuels
    We believe divestment from fossil fuels to be not only ethically and environmentally correct, but also financially prudent. Climate change is the greatest challenge humanity has encountered. The 20 hottest years on record have all occurred since 1981 and 2016 was the hottest ever [1]. Higher average temperatures are directly linked to extreme weather events such as heat waves, droughts, floods and storms. Scientists have unanimously concluded that these changes are a consequence of human activity, arising from the burning of fossil fuels [2]. Moreover, this activity has resulted in unprecedented levels of air pollution, now regarded as a major world killer [3]. In a speech at Lloyd’s of London in September 2015, Mark Carney, Governor of the Bank of England said that by the time ‘climate change becomes a defining issue for financial stability, it may already be too late’. Carney warned investors that policies to address climate change ‘would render the vast majority of reserves ‘stranded’ – oil, gas and coal that will be literally unburnable’ [4]. In order to continue developing fossil fuel reserves – particularly in the difficult areas where the remaining reserves are located (including the Arctic, the mouth of the Amazon and tar sands in sensitive areas) the developing companies need investment – divestment is a way of cutting off the funds needed to carry out these damaging activities. It also sends a powerful signal to the companies and others that it is time to move away from fossil fuels towards renewable energy. References: [0] http://tinyurl.com/lmskfgk [1] http://tinyurl.com/y9tkm4sn [2] http://tinyurl.com/3e3zv [3] http://tinyurl.com/pqgdd5q [4] http://tinyurl.com/ycspl5sg
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    Created by Simon Erskine Picture
  • University of Reading to go Fossil Free #UoRFossilFree
    Recently, charities and corporations alike have come under fire in relation to their investments in the top two hundred coal, oil and gas companies worldwide. It is our belief that the University of Reading, as an academic institution within the top 1% of universities in the world, needs to take a lead on divestment. It would allow the University of Reading to set a strong precedent for being ethical and sustainable when making investment choices. The current investment practices of the University are inconsistent with the institution's Environmental Policy, which states that it ‘takes environmental responsibilities seriously’ and commits to ‘achieving the highest standards of environmental performance, preventing pollution and minimising the impact of its operations’. If the University is committed to working towards increased sustainability in its activities then this approach should be reflected in its investments. This is why RUSU wants the University to take a sector lead on adopting a Socially Responsible Investments Policy. If you're interested in the campaign, please read our document 'Why the University of Reading needs to adopt a Socially Responsible Investments Policy' as well as checking out our Facebook page. https://drive.google.com/file/d/0B1EpAf9F0ADhclFWM3BwV2VpaFk/view - Why the University need to adopt a Socially Responsible Investments Policy. https://www.facebook.com/FossilizedFees Join our Facebook page!
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    Created by Chloe Bartlett
  • Divest Camden
    We believe divestment from fossil fuels to not only be ethical, but also financially prudent. The commitment to maintaining global temperature rise well below 2 degrees, in line with the Paris Agreement, would see much of the current assets of fossil fuel companies becoming stranded- a serious risk to the fund. This has been supported by numerous financial institutions, including the Bank of England. Camden Council has a proud history of divesting from the apartheid regime in South Africa, and has led the way on climate by holding the UK's first Citizens' Assembly. We want Camden to properly honour this heritage by securing a divestment commitment that would resonate on a national scale, rather than undermine our borough's progressive values by providing for the fossil fuel industry a home.
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    Created by Susan Poupard
  • Fossil free resolutionen: Test4
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    Created by Rachel Hubbard
  • Coventry University, divest from fossil fuels
    We're all part of institutions that ought to be looking out for the public good, from city and state governments to religious institutions to other kinds of charities and non-profits. Most of these institutions invest money in stocks and bonds, and have a responsibility to divest from an industry that’s destroying our future, and reinvest in solutions to climate change. Even as extreme weather events like Hurricane Sandy, floods, droughts and fires threaten to overwhelm local budgets, federal inaction to solve this crisis is all but stalled. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry. The bottom line is this: divestment is the only moral choice for institutions that care about the planet and its residents. Solving the climate crisis is the only practical choice for governments that care about their solvency. We're asking for these institutions to: 1. Immediately freeze any new investments in fossil fuels. 2. Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
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    Created by Brendan St.John Picture
  • DivestSurrey
    The Surrey Pension Fund now has £145 million invested directly in climate wrecking fossil fuels. The United Nations has recently warned us that we have just 12 years to urgently cut our CO2 emissions or face an eco system melt down. In short we face the most awful consequences if we continue to financially support this industry. Please help us persuade the Surrey pension Fund to remove these investments by signing up to our campaign.
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    Created by Steve McDonald
  • Trinity University: Divest from Fossil Fuels!
    The climate crisis 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 heating 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.
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    Created by Ethan Crane Picture
  • En faveur des énergies renouvelables, disons non à la centrale à charbon de San-Pédro
    Les énergies fossiles (centrale à charbon propre) sont source de pollution, de maladie et de destruction de la terre ainsi que de la faune animale. Les energies solaires favorisent le développement durable, la prospérité, le bien être des communautés locales et représentent l'espoir pour la jeunesse par les emplois verts - durables et responsables. Fossil energies (clean coal power station) are a source of pollution, disease and the destruction of the earth and animal fauna. Solar energy promotes sustainable development, prosperity, the well being of local communities and represents hope for youth through green jobs - sustainable and responsible.
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    Created by Cheick TRAORE Picture
  • We, Members Of Hackney Pension Fund, Demand Hackney Divest From Fossil Fuels
    Climate change is the greatest challenge humanity has encountered. Warming in excess of 1.5°C will have catastrophic consequences for millions of people across the planet [1]. In order to have a chance of staying below 2°C, let alone 1.5°C, 80% of known fossil fuel reserves must not be burnt [2]. If we want to keep warming to 1.5°C, we must keep the majority of fossil fuels in the ground. Yet, all available evidence suggests that fossil fuel companies intend to do just the opposite. They are determined to burn all the reserves within their control and look for even more oil, coal and gas. This burning would result in emissions five times larger than what it is deemed to be safe [3]. Hackney Council's Pension Fund currently has £75m invested in some of the biggest of these companies, including BP, Shell, Centrica, Rio Tinto and Exxon Mobil [4]. By investing in the fossil fuel industry, Hackney is attempting to profit from climate breakdown. Hackney Council has a responsibility to ensure its investments are financially sustainable and provide for pensioners for decades to come. Investing in fossil fuels will not do this. Fossil fuel investments are becoming increasingly risky as the cost of extraction rises and increased action on climate threatens to leave oil, coal and gas assets stranded [5]. Furthermore, recent financial studies have shown that divesting from fossil fuels can result in the same if not actually better returns to the pension fund [6]. Simply put, there is no good reason to keep these oily investments. For investors interested in long-term stability, there is no future in fossil fuels. Since 2012, investments equating to almost $8 trillion in assets from over 1,000 institutions have been divested worldwide [7]. These divestments come from the London Boroughs of Waltham Forest, Southwark, Islington, Lambeth and over 200 MPs from across the political spectrum who have pledged to Divest Parliament, including Hackney MPs Meg Hillier and Diane Abbott [8]. We welcomed Hackney Council’s 2017 commitment to decarbonise its investment portfolio by 50% over six years, but all of the most recent evidence points to the need for urgent and comprehensive action to reduce carbon emissions. In 2019, we stand with Divest Hackney to demand that Hackney Council #DivestTheRest. The momentum is undeniable and for the residents of Hackney, London and the wider UK and world, there is no time to waste. We want 2019 to be the year that Hackney Council finally commits to stop investing millions of pounds of our money in climate breakdown and commits to 100% divestment from planet-wrecking fossil fuels that endanger our future. Hackney Council had declared a Climate Emergency [9]. Now they need to put their money where their mouth is. It's our pension and our future on the line. [1] https://www.ipcc.ch/sr15/ [2] https://www.carbontracker.org/wasted-capital-and-stranded-assets-press-release/ [3] Ibid. [4] https://www.whatdotheyknow.com/request/updated_fossil_fuel_investments [5] https://www.carbontracker.org/wasted-capital-and-stranded-assets-press-release/ [6] https://www.msci.com/documents/10199/c75b5c93-1f22-4393-aa56-5722891c6445 [7] https://350.org/press-release/landmark-fossil-fuel-divestment-reached/ [8] https://gofossilfree.org/divestment/commitments/ [9] https://www.hackneygazette.co.uk/news/environment/hackney-council-declares-a-climate-emergency-1-5914142
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    Created by Gabriel Davalos
  • Divest East Sussex Pension Fund from Fossil Fuels
    Our local authority has a responsibility not to invest local people's funds in outdated, polluting industries, such as fossil fuels (oil, coal and gas), that are damaging the balance of our climate and threatening our way of life. Already, we are seeing a greater frequency of extreme weather events, such as the floods of 2013/14 – the wettest winter in England and Wales since 1776 - which caused severe flooding in East Sussex and exposed our coast to very high storm surges from the sea. Investments in fossil fuels are also financially risky. Global temperature targets agreed by world leaders can only be met if most of the existing fossil fuel reserves remain unburned and we quickly move to cleaner technology. This means that investments in fossil fuel companies could soon become ‘stranded assets’. Indeed, the Governor of the Bank of England, Mark Carney, has warned that investors face 'potentially huge' losses from climate change action that could make vast reserves of oil, coal and gas 'literally unburnable' For reasons of both public responsibility and financial prudence, a growing number of major institutions across the world - including the cities of Oslo, Seattle, and Oxford, Glasgow University, and the World Council of Churches - have already decided to move their funds out of fossil fuels. Several UK local authorities, including Haringey Council and the South Yorkshire Pension Fund, are now taking similar steps. The East Sussex Pension Fund has an estimated £172 million of local people's pensions invested in fossil fuels. The Fund is administered by East Sussex County Council. On 13 April 2016, Labour and Conservative Councillors on Hastings Borough Council – a member of the Pension Fund - joined forces to pass a unanimous motion calling on East Sussex County Council to divest the Fund from fossil fuels. It's time for East Sussex County Council to divest local people's pensions from these dirty, damaging and financially risky industries.
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