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Divest Lancaster University from Unethical InvestmentIt'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-5753531,362 of 2,000 SignaturesCreated by Orla McKeon-Carter
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London School of Hygiene and Tropical Medicine DivestThe School states there are ethical restrictions on its investments, that its guiding values include environmental sustainability and that among its aims are to ‘ensure the long-term financial sustainability of the School’ (3). It is clear the School’s values, aims and ethical responsibilities would converge on a commitment to divest from fossil fuels. Environment: The School funds research into the effects of climate change on health whilst simultaneously profiting from fossil fuels, the root cause of climate change. The latest Intergovernmental Panel on Climate Change (IPCC) report chapter on ‘Human Health: Impacts, Adaptation, and Co-Benefits’ edited by Prof. Andy Haines, has raised awareness about the health impacts of climate change and pollution. The IPCC report states that ‘People who are socially, economically, culturally, politically, institutionally or otherwise marginalized are especially vulnerable to climate change’ (4). Climate change is, according to the Lancet, ‘the greatest threat to human health in the 21 century’. One of the guiding principles of medical practice is ‘do no harm’; as a school rooted in medicine and health these values should not only be applied to immediate practises, but to the full range of the School’s activities. Finance: The share prices of the companies the school is invested in are dependant on the value of their known carbon reserves. More than 100 countries have adopted a global warming limit of 2 °C or below (relative to pre-industrial levels) as a guiding principle for mitigation efforts to reduce climate change risks, impacts and damage (6). In order to keep global warming below this threshold 80% of known carbon reserves will have to remain in the ground (7). Recently the Governor of the Bank of England, Mark Carney, told the World Bank that ‘the majority of the world’s reserves are unburnable’ (8) and commissioned the bank to examine “the vulnerability that fossil fuel assets could pose to the stability of the financial system in a carbon constrained world” (9). The School is unnecessarily exposing itself to stranded assets. The current low price of oil and instability of the market are reflected in the share values of the School’s three direct fossil fuel investments, all of which have fallen 20% since June 2014. It must be recognised that these investments are inherently unstable and not a sustainable place to invest the School’s endowments. We, students and staff at LSHTM, demand that the School must break ties with the fossil fuel industry. We want LSHTM to: • Identify and publicly report all financial ties, contracts and agreements with the fossil fuel industry including direct and indirect (e.g. via banks and co-mingled funds) investments, sponsorship and advertising agreements, and research funding. • End current investments in fossil fuel companies immediately and shift funds to lower risk, ethical investments. • No longer partner with or accept funding from fossil fuel companies. • Terminate existing agreements and contracts, including sponsorships, advertising, and funding. • Make no future investments or partnerships with fossil fuel companies. • Set and publish timelines for completion of all demands, including regular progress reports and an analysis of potential risks and causes of delay, all of which are easily accessible online, not just by request 1. Freedom of Information Request, 3/12/2014 2. http://fossilfreeindexes.com/the-carbon-underground-2014/ 3. http://www.lshtm.ac.uk/aboutus/introducing/mission/strategy_2012_2017.pdf 4. IPCC Fifth Assessment Report Summary 5. http://www.bbc.co.uk/news/world-us-canada-29310475 6. Meunshausen, M. et al., 2009. Greenhouse-gas emission targets for limiting global warming to 2 degrees C. Nature, 458(7242), pp.1158-62. 7. 350.org 8. http://www.theguardian.com/environment/2014/oct/13/mark-carney-fossil-fuel-reserves-burned-carbon-bubble 9. http://www.carbontracker.org/news/bank-of-englands-momentous-move-on-climate-change/492 of 500 SignaturesCreated by Alice Munro
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Divest Dalhousie from Fossil FuelsIt is wrong for an institution of higher education to profit from the destruction of the planet. Dalhousie's investments in the fossil fuel industry actively compromise the ability of our generation, and our children’s generation, to lead socially and environmentally healthy lives. By investing in the fossil fuel industry we are investing in an industry whose profitability depends on ensuring the catastrophic effects of climate change. This is not only problematic and dire, it means that investment in fossil fuels undermines the values held by Dalhousie University. As a self-declared leader in sustainability, it's time for Dal to put its money where its mouth is - and invest in both future students and the future of the planet.1,986 of 2,000 SignaturesCreated by Divest Dalhousie
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Divest Pomona College from Fossil Fuels! (Outdated)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.564 of 600 SignaturesCreated by Anna Leopold
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#ExitSpiritEnergy: Stadtwerke München raus aus der Förderung fossiler Brennstoffe!Um ihren beschlossenen klimapolitischen Zielen „Klimaneutralität 2035“ gerecht zu werden und den Klimanotstand ernst zu nehmen, muss die Stadt München endlich konsequent handeln und mit gutem Beispiel vorangehen. Der Großteil der fossilen Reserven von Öl und Gas muss aber weltweit ungenutzt im Boden bleiben, um das +1,5 Grad Celsius Ziel aus dem Pariser Abkommen gerade noch zu erreichen. Somit laufen die SWM zudem ernste Gefahr, dass ihre Investitionen in Spirit Energy massive Wertverluste erleiden und als stranded assets, „gescheiterte Investitionen“, abgeschrieben werden müssen. Das wären verlorene Millionen-Beträge der SWM zulasten der Stadt München, ihrer Bürger*innen und Steuerzahler*innen. Die bayerische Gemeindeordnung erlaubt der Stadt München und ihrer Tochter Stadtwerke nur die für die kommunale Daseinsvorsorge Münchens elementaren Aufgaben und Tätigkeiten wahrzunehmen z.B. im Energie- und Wärmesektor, nicht aber die Spekulation am Weltmarkt, um dort Gewinne zu erzielen. Angesichts der weltweiten Fördermengen und der sinkenden Preise ist die Erdöl- und Erdgasförderung der SWM in der Nordsee für den europäischen und globalen Markt in keiner Weise mit der Brennstoffversorgung für München zu begründen. Langfristig und nachhaltig kann die Versorgungssicherheit für München nur durch erneuerbare Energien sichergestellt werden. Deshalb: verbindlicher Ausstieg aus fossilen Brennstoffen! Diese Petition wurde gestartet von folgenden Organisationen: Fossil Free München,Fridays For Future München, Students For Future München, Green City e.V., Netzwerk Klimaherbst e.V., Extinction Rebellion Munich, AG ÖkoSozial, Parents For Future München, Protect the Planet, Bündnis Raus aus der Steinkohle, WissenLeben e.V., rehab republic e.V., NordSüd Forum München e.V., Landesbund für Vogelschutz (LBV) Kreisgruppe München, Oekom e.V.1,178 of 2,000 SignaturesCreated by Marita Matschke
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Divest West Yorkshire Pension Fund from Fossil Fuel InvestmentsOver 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-bubble1,596 of 2,000 SignaturesCreated by Chayley Collis
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Southern Illinois University Carbondale: Go Fossil Free!As public pressure to confront climate change builds, we call on Southern Illinois University Carbondale 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 Southern Illinois University Carbondale 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.718 of 800 SignaturesCreated by Patricia Walker
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Divest Brent Council from Fossil FuelsWe 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/ycspl5sg1,384 of 2,000 SignaturesCreated by Simon Erskine
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DIVEST RHONDDA CYNON TAF PENSION FUND FROM FOSSIL FUEL INVESTMENTSClimate change is the greatest challenge humanity has encountered, not just environmentally but also economically, morally and socially. In order to avoid the catastrophic consequences of climate change, global warming must not exceed 2°C which means 80% of known fossil fuel reserves must not be used. 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. 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 (http://www.theguardian.com/environment/2014/oct/13/mark-carney-fossil-fuel-reserves-burned-carbon-bubble) Institutions around the world including local government, universities and churches are pulling out of fossil fuels investments and moving towards a cleaner energy future. By divesting from fossil fuels, the Rhondda Cynon Taf Pension Fund will join public institutions such as the British Medical Association, Glasgow University and Oxford City Council, amongst many others, in leading by example to help create a sustainable future for it's citizens. In support of this movement we ask you to sign and share our petition. Thank you for your support74 of 100 SignaturesCreated by Ellen Gibson
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DivestSurreyThe Surrey Pension Fund still has millions of pounds invested directly in climate wrecking fossil fuels despite the efforts of our DivestSurrey campaign and many similar campaign groups across Surrey to persuade them to divest. But it gets worse…… The misguided decision making of the pension committee has resulted in a loss of £50 million as the value of these stocks have plummeted across the globe. Exactly what a growing number of financial experts have predicted. Illogical and irresponsible decisions being made now by the SPF are not only environmentally destroying our planet but are financially inept. Please help us persuade the Surrey Pension Fund to remove these investments by signing up to our campaign. Please also tick the yes button below your details so we can keep you involved with the campaign. Many thanks717 of 800 SignaturesCreated by Steve McDonald