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  • Hertfordshire County Council: Divest from fossil fuels
    1. Hertfordshire County Council Pension Fund has around £140,000,000 invested in fossil fuel industries, including BG Group PLC, Royal Dutch Shell PLC and Rio Tinto PLC. 2. The pension fund affects over 180 employers in Hertfordshire including Hertfordshire County Council (including schools), North Herts District Council, Dacorum Borough Council, East Hertfordshire District Council, Hertsmere Borough Council. Broxbourne Borough Council, St Albans District Council, Stevenage Borough Council, Three Rivers District Council, Watford Borough Council and a range of community and voluntary groups. See here for list http://divestherts.org/ 3. 97% of climate scientists agree that humans are the primary cause of recent climate change, largely due to the release of greenhouse gases from the combustion of oil, coal and gas for heat and power. Global warming is happening now - it is not a thing of the future; thanks to our appetite for fossil fuels we’ve already experienced a global temperature rise of about 1°C since the Industrial Revolution.[1] The effects of this rise in temperature are already being felt, causing more frequent and intense extreme weather events, including more tropical storms in some areas, but drought in others. Climatic changes and oceans becoming more acidic due to absorbing excess carbon dioxide present a real threat to whole ecosystems. It’s not just bad for the environment, it’s putting people's lives at risk too due to food and water insecurity and is creating climate change refugees.[2] 4. In order to stop the global climate warming by another 2 °C, 80% of all known fossil fuels must stay in the ground.[3] However, despite all the evidence showing that we need to transition to cleaner forms of energy, fossil fuel companies are continuing to extract dirty fossil fuels, and making huge profits in the process.[4] 5. Investments in fossil fuels are also risky. Recent fluctuations in oil prices means that divesting from fossil fuels would minimise the council's exposure to the financial risk of the 'carbon bubble', whereby companies risk being left with stranded assets (worthless fuel stocks that regulation will prevent from being burned). People and institutions that own shares in the companies will see the value of their investments decrease. (5) 6. By removing investments in these companies Hertfordshire County Council will be showing its commitment to creating a healthy, sustainable future for both the people of Hertfordshire and the planet as a whole. 7. Institutions across the world including churches and universities, as well as local authorities in the UK such as Bristol City Council and Oxford City Council have already committed to divest from fossil fuels. [6] Let's see Hertfordshire join them in making this small but impactful commitment. [1] http://350.org/about/science/ [2] http://climatemigration.org.uk/about-us/ [3] http://www.bbc.co.uk/news/science-environment-30709211 [4] http://priceofoil.org/tag/fossil-fuel-industry-profits/ [5] http://www.ft.com/cms/s/0/28f00388-0df3-11e5-9a65-00144feabdc0.html#axzz3mHL64WyD [6]http://gofossilfree.org/commitments/
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    Created by Gwen Buck
  • 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
  • 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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  • Den Haag Fossielvrij
    Wij willen Den Haag fossielvrij om deze redenen: VERSNELD OVERSCHAKELEN OP DUURZAME ENERGIE Elk jaar dat we eerder afstappen van fossiele brandstoffen betekent minder onherstelbare en onnodige klimaatschade. Onnodig, want volgens sommige wetenschappers kan de transitie naar 100% duurzame energie al in 10 jaar* voor elkaar zijn. Het idee van Fossielvrij: als investeerders hun geld massaal terugtrekken uit de fossiele industrie, en dat geld opnieuw investeren in schone energie, kan de wereld al veel sneller overschakelen op 100% schone energie. INWONERS VAN DEN HAAG BESCHERMEN Geen land ter wereld kan de gevolgen van die opwarming ontvluchten. Ook Den Haag zou miljarden** moeten investeren om onze kust te beschermen tegen de stijgende zeespiegel. Volgens de laatste onderzoeken van enkele wetenschappers kan het zeeniveau over 80 jaar al met enkele meters*** gestegen zijn. Zolang fossiele brandstoffen de normaalste zaak van de wereld blijven, is elke maatregel om de kust te beschermen, dweilen met de kraan open. FINANCIËLE KWETSBAARHEID VERKLEINEN De Nederlandsche Bank, The Bank of England en 's werelds grootste vermogensbeheerder BlackRock waarschuwen**** ook voor de financiële risico's van fossiele investeringen. 80% van de voorraden kolen, olie en gas mogen niet gebruikt worden, volgens de Klimaattop in Parijs. Daarom zijn fossiele bedrijven overgewaardeerd op de beurs. Het is wachten tot de zeepbel (carbon bubble) knapt. Organisaties met veel fossiele aandelen zijn extreem kwetsbaar. MOREEL LEIDERSCHAP TONEN Gemeente Den Haag is de Internationale Stad van Vrede en Recht. Hoe krom zou het zijn als onze stad rijker zou worden van investeringen die klimaatoorlogen en klimaatvluchtelingen veroorzaken? Den Haag heeft een morele verantwoordelijkheid om zelf het goede voorbeeld geven. Door geld terug te trekken uit de fossiele industrie. En bedrijven, overheden van landen en steden aan te spreken op hun verantwoordelijkheid om alles op alles te zetten om klimaatontwrichting te stoppen. ------------------------- Voor wie precies wil weten hoe het zit: * Volgens wetenschappers van de University of Sussex kan de energietransitie al binnen 10 jaar voltooid zijn: http://www.sciencedirect.com/science/article/pii/S2214629615300827 ** The London School of Economics heeft in het Stern Review (2007) aangetoond dat het veel goedkoper is om nu de CO2-uitstoot drastisch te beperken, dan om maatregelen te nemen om ons te beschermen tegen de gevolgen van klimaatontwrichting. https://en.wikipedia.org/wiki/Stern_Review ***Klimaatwetenschappers hebben onderzocht dat door het smelten van Antartica het zeeniveau rond 2100 al met enkele meters gestegen kan zijn – behalve als we heel snel stoppen met kolen, olie en gas. http://www.nature.com/articles/nature17145.epdf http://www.atmos-chem-phys.net/16/3761/2016/acp-16-3761-2016.html **** Artikelen over de financiële risico's van investeringen in de fossiele industrie: http://www.nrc.nl/handelsblad/2016/03/04/dnb-nederlandse-economie-moet-af-van-kolen-olie-1598050 http://www.climatechangenews.com/2016/03/21/bank-of-england-regulator-warns-of-growing-climate-risks/ https://www.blackrock.com/corporate/en-mx/literature/whitepaper/bii-pricing-climate-risk-international.pdf https://hbr.org/2016/04/the-data-says-climate-change-could-cost-investors-trillions
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  • Divest Dumfries & Galloway Council's Pension Fund from Fossil Fuels
    Dumfries & Galloway Council has aspirations to be Europe's first carbon neutral region, yet its pension fund is the most heavily invested in fossil fuels in the whole of Scotland. Currently, the fund has more than £28 million invested directly in fossil fuels and almost another £50 million in projected indirect investment. These investment decisions make a mockery of the Council's own sustainability and climate change goals. Instead of fueling the climate crisis, it's time for Dumfries & Galloway Council to take a stand and divest from fossil fuels. The more than £78 million invested in fossil fuels could be directed to renewable energy in the Council's own area, promoting the potential for clean, green technologies in the region and boosting employment and infrastructure. With such a large fossil fuel investment (9.4% of their total fund), we would like to see D&G Council implement a 5-year plan to move to total fossil fuel divestment. Fossil fuels are the technology of the 20th century, not the 21st. Stocks in fossil fuels are volatile and the industry is preparing itself for a significant future loss of revenue caused by increasing extraction costs, falling quantities of available fuels and increasing public outrage at the lack of action on climate change. Our people and our planet can no longer afford to delay climate action.
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  • 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
  • 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
  • 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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    Created by Divest East Sussex