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  • Divest New York City from Fossil Fuels!
    Hurricane Sandy decimated the New York City area, causing $65 billion in damage, causing power outages, destroying homes and leaving a path of wreckage from the Rockaways to Riverside Park. It's time for NYC to stop investing our pension funds in oil, gas and coal, and go fossil free! We know that Sandy was fueled in part by Atlantic waters that were 5 degrees warmer than average, a result of human-induced climate change. Our city government is taking steps to make our city an example of low-carbon urban living, from painting bike lanes to mandating energy retrofits -- and much much more must be done. And yet, New York City's pension funds for city employees, teachers, police, firemen and school employees are all invested in coal, oil and gas companies that dump carbon into the atmosphere for free, and rig the political system so that they can continue to do so. If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. After Hurricane Sandy, New York City should be a shining light in the fight to combat climate change -- to do that, it's pension funds must divest from fossil fuels. A report from the Carbon Tracker Initiative has claimed that the world can only burn 800 more gigatonnes of carbon equivalent and stay under the two degree Celsius limit. A recent analysis of the world's current fossil fuel reserves, drawing on research by Oil Change International, has shown that if the world were to burn all current fossil fuel resources, then it would burn 982 gigatonnes of carbon equivalent. This means that we can no longer develop and build fossil fuel infrastructure; the age of fossil fuels must end immediately, if we have any hope of staying under two degrees Celsius. Our pension funds must follow suit and knowing that there can be no world in which the fossil fuel companies persist, we call upon New York City Comptroller Scott Stringer to commit to immediately freeze all investments in fossil fuel companies and divest the pension funds from these companies within five years. Read more about the need to divest and end all fossil fuel infrastructure here https://newrepublic.com/article/136987/recalculating-climate-math Over 3000 people from New York City have signed petitions calling upon Comptroller Stringer to divest the New York City pension funds from all fossil fuel holdings. To get involved in the campaign, go to 350nyc.org
    4,370 of 5,000 Signatures
    Created by Nathan Schumer
  • Divest the City of Los Angeles from Fossil Fuels!
    Today, March 22, 2013, Mayor Villagrossa is announcing that the City of Los Angeles will not receive any of its electrical power from coal by the year 2025. That is good news, but it alone is not a significant enough step to avoid the worsening climate catastrophe. From the acidization of the seas, to the recent droughts in the midwest, to super storms such as Sandy, to the streak of 336th consecutive months that global temperatures have risen above 20th century averages, our civilization is in peril and we must act, now! There is a movement, spearheaded by gofossilfree.org, on over 300 college and university campuses across the nation calling for fossil fuel divestment. Four schools have already commited to divest and more are sure to soon follow suit. Yet students cannot be the only ones leading the fight for a just and sustainable future, our local governments must join the phalanx confronting our would be destroyers, the fossil fuel corporations such as Exxon-Mobil, British Petrolium, and Shell. Our governments must recognize them as the most abhorrent villans in the ongoing tragedy of the commons. The City of Los Angeles must not profit from the devastation of its citizens, currently enduring ailments from cancer and asthma. The City of Los Angeles must divest its holdings from the 200 companies listed in the Carbon Tracker report "Unburnable Carbon." Divestment in Los Angeles is not without precedent. The boards of our public pension plans have addressed divestment from South African securities, tobacco stock, and the securities of firms conducting business in Sudan and Iran. The boards adopted a Sudan policy in March of 2007, a policy addressing social, political and human rights issues in May of 2007, and and Iran policy in April 2010. They are currently considering a divestment from firearms related securities. The suffering to human health and well-being caused by fossil fuel companies is in no way less noxious than the crimes of the entities from which Los Angeles has previously divested. Additionally, the divestment from fossil fuel stock is in accord with stated fiduciary duties and applies a "costlessness" standard. The bottom line is this: divestment is the only moral choice for governments that care about their citizens. Solving the climate crisis is the only practical choice for governments that care about their solvency. It's time to divest from fossil fuels now!
    564 of 600 Signatures
    Created by Peter Nichols
  • Divest Bexley Council from fossil fuels
    Bexley Council's huge investments in fossil fuels (coal, oil and gas) are a matter of financial and ethical concern for everyone living in the borough of Bexley. Bexley Pension Fund is responsible for the incomes of Bexley pensioners and invests around £30m in fossil fuel companies including Glencore, Suncor and Tullow Oil. There is strong evidence that these investments in fossil fuel companies are highly risky in the short and long term. And in the event of their investments falling in value, the shortfall has to be paid for by council taxpayers. At the same time these fossil fuel investments are a direct contributor to damaging man-made climate change. This is of particular relevance to Bexley residents as the area will be severely affected by future flooding caused by climate change - a risk acknowledged by Bexley Council itself. This pointless gamble with our future is due to an unwillingness of the council's financial advisers, including UBS, to stray beyond the herdlike 'business as usual' thinking that led to the 2008 financial crash. It therefore makes financial and ethical sense to stop investing in these companies. We are concerned residents calling on Bexley Council to show leadership and commit to divesting from fossil fuels joining public institutions including Haringey Council, British Medical Association, Stanford University, Oxford City Council and Bristol City Council.
    81 of 100 Signatures
    Created by Samuel Martin
  • Essen Raus Aus RWE - Bürgerbrief
    Als Teil einer weltweiten Bewegung setzen wir uns dafür ein, dass Essen jetzt beginnt, klimaschädliche Investitionen zu beenden und klimaneutral zu werden. Mehr Information zur Fossil-Free-Bewegung: http://gofossilfree.org/de/
    909 of 1,000 Signatures
    Created by Andreas Brinck
  • Divest the London Pension Fund from Fossil Fuels
    Sadiq Khan, the Mayor of London, supports divestment! http://www.sadiq.london/a_greener_cleaner_london Climate change is the greatest challenge humanity has encountered. Warming in excess of 1.5°C will have catastrophic consequences [1]. In order to have a chance of staying below this temperature rise, 80% of known fossil fuel reserves must not be burnt [2]. 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 [2]. 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 [3]. If it is wrong to damage the world we live in, then it is wrong to profit from that damage. Responsible investors should no longer be profiting from the destructive activities of these companies. The London Pension Fund Authority (LPFA) manages the pensions of City Hall employees (including the Mayor of London and the London Assembly) as well as many other local authorities [4]. It manages nearly £5 billion worth of assets, millions of which are direct investments in fossil fuel companies including BHP Billiton, Rio Tinto and Shell [5]. Indirect investments total £54.6 million. These fossil fuel investments are becoming increasingly risky as the cost of extraction increases and international treaties restrict the use of fossil fuels [2]. Not only does it make moral sense not to invest in the destruction of our planet, it also makes financial sense. By divesting from fossil fuels, City Hall 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 the citizens of London and beyond. So we ask: 1. The London Pensions Fund Authority (LPFA) to: - Immediately freeze any new investment in fossil fuel companies, including those made by externally managed and pooled funds. - Offer a fossil free pension option to employees - Divest from the top 200 companies with the largest known carbon reserves (oil, gas and coal), and shift these funds to lower risk, ethical investments within 5 years 2. The Mayor and the London Assembly must be transparent about their relationship with the fossil fuel industry: - Publish full details of their financial and other ties to the fossil fuel industry - Not accept sponsorship and advertising from fossil fuel companies. - Declare their divestment from the fossil fuel industry in order to encourage other pension funds, institutions and individuals to do the same. References [1]http://bit.ly/1Cp61vN [2]http://bit.ly/1mLPo58 [3]http://bit.ly/1r2Y2Qb [4]http://www.lpfa.org.uk/Who-we-are.aspx [5]http://bit.ly/1z8u53U
    2,275 of 3,000 Signatures
    Created by Divest London
  • Divest Somerset County Council Pension Fund from fossil fuels
    Somerset - on the front line of climate change. Climate Change has caused, and is predicted to cause, a much greater risk of flooding and extreme weather. After the devastating floods of the Somerset Levels in 2013 Somerset County Council saw the terrible impact of climate change first hand. The Council recognises the potential impacts of climate change yet its pension fund invests £121,505,000 in the very fossil fuel companies that are causing climate change ! Yes, 8.3% of the fund, the 10th highest % in the UK, invested in the problem ! We can't afford to burn 80% of the world’s coal, oil and gas reserves if we want to keep climate change below the 2oC 'tipping point'. As governments begin to regulate more closely after the Paris COP agreement, cheaper renewables and oversupply of crude oil globally will see the value of fossil fuels plummet, reserves will become 'stranded assets' and the share price will drop. This makes investing in fossil fuels increasingly risky for all stakeholders. Financial experts, including the Bank of England, Goldman Sachs, Standard and Poor's and AXA, have warned of the economic risk that climate change policies pose to fossil fuel companies. Somerset County Council needs to be ahead of the curve to safeguard the future pensions of all its shareholders. Somerset County Council recognises that it must do whatever it can to tackle climate change and it has a responsibility to divest from an industry that jeopardises the future of our planet. Yet the short term financial gain that the Pension Fund Committee hopes to achieve comes at the risk of financial loss and a cost to people and planet. We hope Somerset County County Council pension trustees are aware of September’s UNEP Finance Initiative Report, Fiduciary Duty in the 21st Century – which concludes that: "Failing to consider long-term investment value drivers, which include environmental, social and governance issues, in investment practice is a failure of fiduciary duty.” Instead of fossil fuel investment, SCC Pension Fund Committee should invest in solutions to climate change, investments that protect pensions and planet, joining The British Medical Association, Bristol City Council and Oxford City Council who have all recently agreed to make the commitment to no direct investment in the fossil fuel industry. Globally Somerset County Council would join over 400 institutions and 2000 individuals with an asset base of $2.6 trillion who are already divesting across the world. Time is running out to stop runaway climate change, (2) it make no moral or economic sense to invest in fossil fuels. The time to change was 30 years ago but massive divestment now is a key part in getting to zero emissions by 2030 and having a chance. Please sign the petition and encourage others to do so. (1) http://math.350.org/ 350.org has revealed how much every UK council invests in fossil fuels. Petition from Cllr Shane Collins, Leader of the Green Group on Mendip Council, East Mendip Green Party, South Somerset Green Party. (2) Kevin Anderson https://www.science.su.se/english/about-us/calendar/the-gordon-goodman-memorial-lecture-2017-kevin-anderson-1.341476
    1,140 of 2,000 Signatures
    Created by Cllr Shane Collins Picture
  • Köln: Raus aus RWE!
    zu 1) RWE-Aktien Umwelt und Gesundheit: Die RWE AG hält weiterhin an klimaschädlichen Kohlekraftwerken fest und plant sogar den Bau eines neuen Kohlekraftwerke vor den Toren Kölns! [1] Das rheinische Braunkohlerevier ist der größte CO2-Emittent in Europa [2]. Insgesamt stößt RWE 150,8 Mio. Tonnen CO2 pro Jahr aus. [3] Die Emissionen der Kohleverstromung durch RWE verursachen Gesundheits- und Klimafolgekosten in Höhe von 13,3 Milliarden €/Jahr laut Zahlen des Umweltbundesamtes. [4] Die Kohlekraftwerke von RWE stoßen große Mengen an Schadstoffen wie Feinstaub, Schwermetalle und Quecksilber aus. Laut einer Greenpeace-Studie ist RWE damit statistisch verantwortlich für 10.266 verlorene Lebensjahre bzw. 959 vorzeitige Todesfälle pro Jahr. [5] Auch heute noch werden Menschen zwangsumgesiedelt und Dörfer, Wälder sowie Landschaften werden zerstört, weil sie den Braunkohletagebauen von RWE weichen müssen. Finanzen: An den RWE-Aktien festzuhalten ist ökonomisch nicht sinnvoll. Der Wert der Aktie ist seit 2008 um 90% (!) gefallen. Dies bedeutet für die Kommunen in NRW einen Verlust in Milliardenhöhe. [6] Die RWE AG schüttet in diesem Jahr erstmalig keine Dividende aus, wodurch Löcher in die Haushalte der Kommunen gerissen werden, in denen die Dividende fest eingeplant war. [7] Die RWE AG ist mit 25 Milliarden Euro hoch verschuldet. Dadurch besteht ein erhebliches Insolvenzrisiko. Im Falle einer Insovenz würde die Stadt Köln weitere 16,5 Millionen Euro verlieren (ca. 1,5 Mio. RWE-Aktien, aktueller Kurs der RWE-Aktie ca. 11€ - Stand: 8.3.2016). [8] In den letzten 15 Jahren hat sich die Bewertung der RWE-Aktie durch die Rating-Agenturen Standard & Poor's und Moddy's nicht verbessert, sondern nur verschlechtert. Aktuell werden die RWE-Aktie bei Moody's auf Ba1 eingestuft: „Spekulative Anlage. Bei Verschlechterung der Lage ist mit Ausfällen zu rechnen.“ [9] Um die Energiewende zu verwirklichen und dem Klimawandel Einhalt zu gebieten, fordert der Weltklimarat (IPCC) Investitionen aus der fossilen Industrie abzuziehen und in Erneuerbare Energien zu investieren. [10] Zu 2) Pensionsfond An den Wertpapieren der fossilen Industrie im Pensionsfond der Stadt Köln festzuhalten ist ökonomisch nicht sinnvoll. Die fossile Industrie wird mittelfristig in finanzielle Schwierigkeiten geraten, weil 80% der fossilen Energiereserven (Kohle, Öl, Gas) im Boden bleiben müssen, um das 2-Grad-Ziel von Paris zu erreichen. [11] Damit wird ihre Existenzgrundlage in absehbarer Zeit wegfallen. Die Kohle-, Öl- und Gas-Unternehmen haben jedoch 100% der fossilen Energiereserven als Vermögenswerte in ihren Bilanzen verbucht und diese somit künstlich aufgebläht. Diese sogenannte 'Kohlenstoffblase' (Carbon Bubble) droht zu platzen und kann, wie verschiedene Finanzanalysen zeigen, zu einem Kollaps des Finanzsystems führen. [12] Es macht daher keinen Sinn, in dem langfristig angelegten Pensionsfond der Stadt Köln derart risikoreiche Wertpapiere zu halten. Diese Petition wird unterstützt von: Greenpeace Köln, Fossil Free Köln Quellen: [1] Brief von Herrn Hartung (RWE) an Greenpeace, 09.03.2016 [2] Emissionsregister des Umweltbundesamtes http://www.thru.de [3] RWE Geschäftsbericht 2015, S. 46, http://www.rwe.com/web/cms/mediablob/de/2974770/data/2974864/8/rwe/investor-relations/RWE-Geschaeftsbericht-2015.pdf [4] Strommengen aus RWE Geschäftsbericht 2015, Seite 45: http://www.rwe.com/web/cms/mediablob/de/2974770/data/2974864/8/rwe/investor-relations/RWE-Geschaeftsbericht-2015.pdf Kosten aus Greenpeace Studie "Was Strom wirklich kostet" Seite 23 und 25. --> Eigene Berechnung: Braunkohlestrom: 77,8 TWh x 11,5 ct/kWh = 8,95 Milliarden €. Steinkohlestrom: 46,5 TWh x 9,5 ct/kWh = 4,42 Millarden €. externe Kosten durch die Kohleverstromung: 8,95 Mrd. € + 4,42 Mrd. € = 13,4 Milliarden € https://www.greenpeace-energy.de/fileadmin/docs/publikationen/Studien/Greenpeace_Energy_Was_Strom_wirklich_kostet_Langfassung2015.pdf [5] Studie Greenpeace „Tod aus dem Schlot“, Seite 13 https://www.greenpeace.de/sites/www.greenpeace.de/files/publications/greenpeace-studie-tod-aus-dem-schlot-s01652.pdf [6] RWE-Aktienkurs http://www.finanzen.net/aktien/rwe-Aktie [7] Artikel zur RWE-Dividende in „Die Welt“ http://www.welt.de/wirtschaft/energie/article152345205/Warum-der-RWE-Schock-Millionen-Menschen-trifft.html [8] RWE-Aktienkurs http://www.finanzen.net/aktien/rwe-Aktie [9] Artikel in der Süddeutschen Zeit vom 13.04.2014 http://www.sueddeutsche.de/wissen/kampf-gegen-den-klimawandel-klimarat-fordert-neues-wirtschaftssystem-1.1936571 [10] Rating der RWE-Aktie von August und Oktober 2015, http://www.rwe.com/web/cms/de/1775774/rwe/investor-relations/anleihen/kreditrating/ [11] Studie des Weltklimarates (IPCC) http://www.ipcc.ch/report/ar5/wg3/ [12] Artikel zum Finanzrisiko Kohlenstoffblase in der „Zeit“ und "Die Welt": http://www.zeit.de/2014/08/carbon-bubble-rohstoff-blase http://www.welt.de/finanzen/geldanlage/article142272549/Wie-die-Energiewende-globale-Geldfluesse-umleitet.html
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    Created by Markus Schmidt Picture
  • Divest Oak Ridge From Fossil Fuels
    Since climate change is already affecting people around the world, we need to step up as a community and take action. By divesting from fossil fuels, we can invest in other technologies that will help fuel the future without destroying the planet. In Oak Ridge, we have the power and resources to develop and implement these technologies, so we must lead the way by taking a stand against the fossil fuel industry.
    290 of 300 Signatures
    Created by Secret City Sustainability
  • Fossil Free NHMU
    Over 54,000 people have signed on the national campaign asking 5 museums, of which the Utah Natural History Museum (UNMH) is one, to divest from fossil fuels. http://gofossilfree.org/museums/ This moment calls for leaders that are ready to do more than observe and curate history — it calls for leaders who are ready to help make it. We believe museums can be those leaders. The California Academy of Sciences in San Francisco, The Field Museum in Chicago, The Phipps Conservatory in Pittsburg, The London Museum of Science, and The Australian Academy of Sciences have already taking this important step of divestment. In addition to fossil fuel divestment growing internationally, www.BreakFree2016.org is a global project that is coordinating a global wave of escalated direct actions to stop some of the largest fossil fuel projects in the world. 2016 could be a turning point in the climate justice movement. Faculty and students at the University of Utah are ready for this moment and have been campaigning since 2012 to have the University of Utah to divest from fossil fuels: https://campaigns.gofossilfree.org/petitions/Fossil_Free_UUtah. In May 2015 the Academic Senate made the recommendation to create a policy that would support fossil fuel divestment and in March 2016 this recommendation was further supported with a timeline for September 2016: http://www.boarddocs.com/ut/uutah/asop/Board.nsf/files/A8JUX87A9B14/$file/Ad%20Hoc%20Re-Investment%20Dialogue%20Committee%20Report%20-%20March%202016.pdf This timeline will coincide with activists from around the world escalating pressure on global leaders to maintain a 2 degree limit in warming, keep 80% of the Fossil Fuels in the ground and create a just transition to renewables by 2050. We are prepared to celebrate divestment at the U of U or escalate our tactics along with www.breakfree2016.org. If you haven't read this Open Letter to Museums yet, please take a look and consider how urgent it is to create economic decisions that reflect our public sustainability missions: http://thenaturalhistorymuseum.org/open-letter-to-museums-from-scientists/
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    Created by Ryan Pleune
  • Hertfordshire County Council: Divest your funds invested in fossil fuel industries
    More CO2 in the atmosphere means more extreme weather events that could leave millions of people displaced from their homes. Our government committed to a legally binding climate deal to help prevent this. It's time to break free from fossil fuels and invest in clean energy, for everyone's future. 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