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  • 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.
    275 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/
    1,077 of 2,000 Signatures
    Created by Gwen Buck
  • Divest Southwark Council’s Pension Fund from Fossil Fuel Investments
    UPDATE: In December 2016 Southwark Council made a commitment to divest from fossil fuels. We are now working with them to follow through on this commitment. Climate change is the greatest challenge humanity has encountered. The 20 hottest years on record have all occurred since 1981 and 2014 was the hottest ever [2]. Higher average temperatures are directly linked to extreme weather events such as heatwaves, droughts, floods and storms. In the UK, January 2014 was the wettest in 250 years [3]. Scientists have unanimously concluded that these changes are a consequence of human activity, arising from the burning of fossil fuels [4]. Moreover, this activity has resulted in unprecedented levels of air pollution, now regarded as a major world killer [5]. In Southwark, over 100 people die prematurely each year owing to poor air quality [6]. If global warming is to have a chance of staying below a 2°C rise upon pre-industrial temperatures (a limit already considered dangerous), up to 80% of known fossil fuel reserves must be kept in the ground [7]. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control, taking us substantially over the 2°C limit [7]. Moreover, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions [8]. In addition, the fossil fuel industry has been a divisive influence in preventing meaningful legislation on climate change through their intensive lobbying of decision makers and funding of disinformation campaigns [9]. 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 these destructive activities and legitimising this action through their tacit support of fossil fuel companies. Southwark’s investments in fossil fuel companies The Southwark Pension Fund consists of £1.2 billion worth of assets [10]. Based on publicly available metrics and the 2014/15 annual report for the Pension Fund, we have conservatively determined that at least £60.6 million pounds within this fund is invested in fossil fuel companies, including: Shell, BP, BHP Billiton, Exxon Mobil, Chevron and Total [10,11]. A recent authoritative financial analysis has demonstrated that across more than 6,000 pension and hedge funds, investors who divested from fossil fuel companies would have earned a 1.2% greater average return since 2010, when compared to conventional investors [12]. Moreover, in the long term these fossil fuel investments will become increasingly unprofitable as the cost of extraction and international treaties restrict the use of fossil fuels [7]. Not only does it make moral sense not to invest in the destruction of our planet, it is also financially prudent. Aligning Southwark’s investments with its values Southwark Council have been exemplary in supporting environmentally sustainable practices. For example, the borough has the highest percentage of Eco-Schools of any local authority in England [13] and in 2010 was awarded £4.35 million for a cavity wall insulation project in 5,000 council homes to both alleviate fuel poverty and reduce energy consumption [14]. Southwark Council has committed to reducing borough wide CO2 emissions by 22.4% by 2020 and 80% by 2050 and states “that energy should be supplied as much as possible from renewable sources on-site or locally. This is less wasteful and will reduce our reliance on remote sources of energy, including imported oil and gas” [15]. Continuing to invest in the fossil fuel industry contradicts the positive steps taken by Southwark Council to lower its environmental impacts. Southwark residents are at risk of climate change, including an increased risk of flooding and elevated levels of air pollution [16], as well as damage to the London economy [17]. It is illogical to allow pension funds to endanger those whose futures they seek to protect. The London Assembly recently passed a motion in favour of divestment and by divesting from fossil fuels, Southwark will join forward thinking institutions, including The British Medical Association, Glasgow University and City Councils such as Oxford and Bristol, amongst many others, in leading by example to help create a sustainable future for the citizens of Southwark and beyond. References [1] http://tinyurl.com/lmskfgk [2] http://tinyurl.com/n4dbbx8 [3] http://tinyurl.com/pw2c42v [4] http://tinyurl.com/3e3zv [5] http://tinyurl.com/pqgdd5q [6] http://tinyurl.com/m2pxrx2 [7] http://tinyurl.com/na7xywd [8] http://tinyurl.com/k5knzss [9] http://tinyurl.com/lswg6w7 [10] http://tinyurl.com/pezzajy [11] http://gofossilfree.org/uk/pensions/ [12] http://tinyurl.com/ls7vh24 [13] http://tinyurl.com/lzgwro4 [14] http://tinyurl.com/luwj97o [15] http://tinyurl.com/m5rlfwk [16] http://tinyurl.com/kttxfc5 [17] http://tinyurl.com/n467mgw
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    Created by Tytus Murphy
  • Islington Council: Divest from Fossil Fuels
    Climate change is the most pressing problem facing humanity. We want to protect this planet so it remains for our children and grandchildren. We can start by asking our local council to take its money out of fossil fuels - currently £59.5 million. Local government has a duty to act for the public good. Fossil fuels are in direct conflict with this: investing in them threatens the planet and poses a risk to investors. Financial research has called into question the valuations of fossil fuel companies as they rely on reserves which must remain unburned if we are to avoid catastrophic climate change. Islington Council should take a prudent economic decision and a moral stand by moving our money away from risky fossil fuel investments. Divestment from fossil fuels makes a powerful statement that the fossil fuel industry is morally and financially unviable, and that the people of Islington want a sustainable future.
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    Created by Jen Cronin
  • Divest University of Oslo from fossil fuels
    Verden har gått sammen om at den globale oppvarmingen bør holdes godt under 2 grader og helst begrenses til 1,5 grader. For å klare det må vi styre energibruken vår i en retning som tar innover seg klimaendringer. Vi trenger en bred overgang mot et bærekraftig og fornybart energisystem. Første skritt på denne veien er å ikke lete etter mer fossilt brensel, kutte ned bruken og finne alternative løsninger. For at det skal være mulig kan ikke enorme kull-, olje-, og gasselskaper få lov til å fortsette sine utforskninger og utbygginger. For at disse selskapene skal innse dette kan vi ikke legge våre penger igjen hos dem. UiO har som Norges største universitet et ansvar om å vise vei for en samfunnsutvikling som er i tråd med forskningen. Deinvester nå! * * * The world has now united over the 2°C-target. To reach this goal, we need a society-wide overhaul to a sustainable and renewable energy system. The first steps are to stop fossil fuel exploration, reduce consumption and find alternative solutions. To do this, the fossil fuel industry must not be allowed to continue its exploration and expansion, but this will never happen as long as we continue to invest our savings in them. As Norway's largest university, UiO has a responsibility to lead the way to sustainable development in line with what research has shown us. Divest now!
    957 of 1,000 Signatures
    Created by Perolina Klanderud
  • Divest Somerville, Massachusetts from Fossil Fuels!
    Climate change is upon us, and Somerville, along with many surrounding communities, is now having to deal with the problems associated with it. As storms become more frequent and severe, it does not make sense for us to continue to fund corporations who are contributing directly to this problem. Somerville has already taken steps to fight climate change. By divesting from the fossil fuel industry, we can get to the root of the problem, and take a firm stance against fossil fuel extraction. The top 200 publicly-traded companies hold the vast majority of the world’s proven coal, oil and gas reserves. Our demands to these companies are simple, because they reflect the stark truth of climate science: They need immediately to stop exploring for new hydrocarbons. They need to stop lobbying in Washington and state capitols across the country to preserve their special breaks. Most importantly, they need to pledge to keep 80% of their current reserves underground forever, since they currently have 5 times the reserves that we know is safe to burn.
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    Created by Matt Long
  • Suffolk County Council: Divest from fossil fuel
    Suffolk County Council says it wants to be the “Greenest county” yet its latest pension fund figures (September 2015) showed it had £11 million worth of Shell shares – 5% of its total holding in UK shares. Campaign groups estimate that in 2014 it held in total £117 million worth of fossil fuel assets. [1] All local authorities in Suffolk contribute to this pension fund, including Ipswich Borough Council, Waveney District Council, Suffolk Coastal District Council, St Edmundsbury Borough Council, Mid Suffolk District Council, Forest Heath District Council and Babergh District Council Investing in fossil fuel creates a risk both to members of the pension fund and to the planet. Respected financial analysts warn that fossil fuel companies are likely to be over-valued due to their reliance on reserves in the ground which will become worthless if carbon legislation comes into effect. [2] Only a fraction of fossil fuel companies' reserves may be extracted and burned whilst keeping within the 2°C climatic warming target agreed by the world's Governments at international climate negotiations. [3] Suffolk should sell its fossil fuel investments and follow the example of several other local authorities who have invested cash in local sustainable projects such renewable energy, energy efficiency or building much needed energy efficient social homes. This blog by Friends of the Earth Scotland gives some examples. http://www.blog.foe-scotland.org.uk/index.php/2015/06/6-local-governments/ This would provide local jobs, a stronger local economy and reliable long term, low risk returns for the pension fund. [1] http://gofossilfree.org/uk/pensions/ [2] http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis [3] http://www.bbc.co.uk/news/science-environment-30709211
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    Created by Anna Gretton
  • Divest Waltham Forest
    Climate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences for the whole planet [1]. If global warming is to be limited to 2°C, a level already considered dangerous, up to 80% of known carbon reserves must be left in the ground [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 [3]. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control [4]. In addition, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions [5]. Research conducted by Carbon Tracker shows that there has been an over-valuation of fossil fuel reserves held by fossil fuel companies. 2/3 of these fossil fuels must remain in the ground if countries are to meet internationally agreed targets. These fossil fuels are, in effect, unburnable, so therefore worthless, which will lead to massive market losses. This is the “Carbon Bubble”. [6] Fossil fuel-free investments are now outperforming more conventional fossil fuel investments. According to recent reports, fossil fuel-free investments “earned an average return of 1.2% more a year over the last five years” [7] when compared with fossil fuel investments. Waltham Forest Council exists to serve the people of the borough, and it should therefore acknowledge the significant risks that fossil fuel investments pose to local residents' financial security and future quality of life. The council should therefore take a moral, political and economic stand by divesting its money from fossil fuel companies and choosing investments less at risk from climate change legislation and more compatible with the local community’s values. Waltham Forest Council should use its money to reinvest in, and support development of, solutions to climate change. As Waltham Forest Council wishes to maximise its return on investment, there are many ethical (and fossil fuel-free) investment options that provide excellent financial returns. Divesting its money away from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Waltham Forest wish to support an alternative, sustainable energy future. By divesting from fossil fuels, Waltham Forest will join public institutions such as the British Medical Association, London School of Hygiene & Tropical Medicine, Bristol City Council, Oxford City Council, and the Universities of Bedfordshire, Edinburgh, Glasgow, Oxford, and Warwick in leading by example to help create a sustainable future for the citizens of Waltham Forest and beyond. [8] Let's make Waltham Forest fossil-fuel free, and together, we can send a signal that we are ready to shift to an economy powered by renewable energy. References: 1. http://www.ipcc.ch/pdf/assessment-report/ar5/syr/SYR_AR5_FINAL_full.pdf 2. http://www.nature.com/nature/journal/v517/n7533/full/nature14016.html 3. http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf 4. http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf 5. http://www.shell.com/global/future-energy/arctic/exploration-production.html 6. http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis & http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf 7. http://www.theguardian.com/environment/2015/apr/10/fossil-fuel-free-funds-out-performed-conventional-ones-analysis-shows 8. http://gofossilfree.org/commitments/
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    Created by Divest WF
  • Newcastle University (UK) Fossil Free Campaign
    If it’s wrong to fuel the climate crisis, it’s wrong for our institutions to profit from the companies fuelling the climate crisis. Fossil fuel companies’ current reserves of oil, coal and gas hold five times more carbon than the world’s atmosphere can safely handle. Their business plan will cause climate chaos for billions of us, yet UK universities still collectively invest £6.6billion in fossil fuel companies. Though from a different pool of money, that's the equivalent to £1, 804 per student! By divesting from fossil fuels we can secure a clean energy future for generations to come. It’s time to dump the fossil fuel industry. • The university is contradicting its commitments to tackling climate change by reducing fossil fuel consumption and promoting good energy practice, as stated in the ‘Environmental Sustainability Policy’, ‘energy policy statement’ and ‘Green Education Declaration’. • Newcastle University has an endowment of £55.2million including investments in fossil fuel companies BP and Royal Dutch Shell of £2,749,585 and £3,308,964 respectively. • BP and Shell are among the world’s top 10 largest fossil fuel companies, by proven carbon reserves, and that these reserves are well in excess of the amount of carbon that can be safely burned to avoid the most catastrophic effects of climate change. • In April 2010, BP was responsible for an oil slick in the Gulf of Mexico which released between 35,000 and 60,000 barrels of oil a day, covering thousands of square miles of ocean and causing devastating harm to sea life in the area. • Royal Dutch Shell have already commenced exploratory drilling in the Arctic and have expressed a keen interest in oil extraction in the area. Drilling in the Arctic could cause irreversible damage to the local and global ecosystem. • Six higher education institutions in the United States in addition to seventeen cities have already committed to divesting from fossil fuels for both moral and financial reasons. Glasgow University recently became the first UK university to commit to the Fossil Free campaign, followed by SOAS, Edinburgh and Warwick. • Ending investment in the fossil fuel industry provides an opportunity for re-investment in renewable energies – a route to a clean and healthy environment.
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    Created by Fossil Free Newcastle