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Divest Dumfries & Galloway Council's Pension Fund from Fossil FuelsDumfries & 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.35 of 100 SignaturesCreated by Laura Moodie
Divest East Sussex Pension Fund from Fossil FuelsOur local authority has a responsibility not to invest local people's funds in outdated, polluting industries, such as fossil fuels (oil, coal and gas), that are damaging the balance of our climate and threatening our way of life.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.2,982 of 3,000 SignaturesCreated by Divest East Sussex
Divest Oxfordshire from fossil fuelsOur local authority has a duty to look out for the public good. Fossil fuels are in direct conflict with the public good: investing in them poses a risk both to investors and to the planet. So Oxford City Council and Oxfordshire County Council should take a moral, political and economic stand against them by taking our money away from fossil fuel companies and putting it into investments that are less at risk from climate change legislation and more compatible with our values. Divestment from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Oxfordshire wish to support an alternative, sustainable energy future that will leave the planet in a shape that allows us, our children and grandchildren to live safely on it. Financial research has called into question the valuations of fossil fuel companies due to their reliance on reserves which may become unburnable if carbon legislation comes into effect.1,364 of 2,000 SignaturesCreated by Al Chisholm- Berkshire Pension Fund: Divest from Fossil FuelsIt is estimated that the Royal County of Berkshire Pension Fund has over 97 million pounds invested indirectly in fossil fuels. If fossil fuel companies extract and burn just 20% of the reserves they hold, this will cause catastrophic climate change (extreme weather, food shortages and conflict). The urgency of stopping climate change requires that we progressively stop burning fossil fuels now. It is irresponsible and immoral for public bodies and pension funds to invest in fossil fuel extraction companies and instead they should, where possible, direct investment into 'green energy' infrastructure.273 of 300 SignaturesCreated by Rob White
STOP Kent County Council Investing in Dangerous Fossil FuelsOur local authority has a duty to look out for the public good. Fossil fuels are in direct conflict with the public good:investing in them poses a risk to both investors and the planet. Kent County Council has £267488689 invested in fossil fuels. No challenge poses a greater threat to our future and future generations than climate change. We are already seeing more extreme weather events around the world, people being forced to migrate due to flooding or crop failure, and spring flowers blooming in the UK in November! Over 97% of scientists now agree that climate change is fuelled by the burning of fossil fuels (1). This causes problems both worldwide and within Kent, where we will see increasing areas of low lying land become prone to flooding. Institutions around the world including local government, universities and churches are pulling out of fossil fuels investments and moving towards a cleaner energy future. (2). It's now time to divest from fossil fuels and reinvest in a better future, Financial research has called into question the valuation of fossil fuel companies due to their reliance on reserves which would become unburnable if international carbon legislation comes into effect. Divestment from fossil fuels would minimise the council's exposure to the financial risk of the 'carbon bubble', whereby shareholders risk being left with 'stranded assets' (worthless fuels stocks that regulations will prevent from being burned.) Although KCC Statement of Investment Principles for the Superannuation Fund (3) states that 'the fund will not impose restrictions upon our external fund managers'....it later goes on to say that 'as a member of the Institutional Investors Group on Climate Change we will monitor developments on climate change and use the research undertaken to monitor and challenge our investment managers.' For the sake of future generations, the people of Kent and the whole planet, the time has now come to challenge these investment managers. 1.http://www.theguardian.com/environment/climate-consensus-97-per-cent/2013/may/16/climate-change-scienceofclimatechange 2.http://zerocarbonbritain.org/index.php/zcb-latest-report 3.http://www.kentpensionfund.co.uk/__data/assets/pdf_file/0015/32370/pension-fund-statement-of-investment-principles.pdf541 of 600 SignaturesCreated by Frances Long
Divest Staffordshire Pension FundStaffordshire Pension Fund is the Local Government Pension Fund for the county of Staffordshire and is funded through pension contributions from employees of publicly-funded organisations such as Staffordshire County Council, Stoke City Council, the Office of the Chief Constable Staffordshire, Staffordshire University, Newcastle-under-Lyme Borough Council and other parishes, towns, boroughs and public organisations across Staffordshire. As of 31 December 2015, the Pension Fund holds at least £61,879,853.16 worth of shares in companies from the fossil fuel industry, including £20,180,703.41 worth of shares in six of the world's biggest oil companies: BP, Royal Dutch Shell, Statoil, Chevron, Exxon Mobil and Lukoil, who are jointly responsible for major environmental damage and human rights violations the world over. In total, the Pension Fund holds £42,334,871.79 in 14 of the 90 companies responsible for two-thirds of the global greenhouse gases emissions since 1854. By continuing to grant social legitimacy to the burning of fossil fuels, the Staffordshire Pension Fund and all its participating organisations are complicit in driving unprecedented climate change. Climate change is happening now - we’re already experiencing global temperature rise, warming oceans, shrinking ice sheets and more frequent and intense extreme weather events affecting thousands of communities and millions of people across the world. Investing in fossil fuels is not only damaging to the planet, it's also a very risky investment. The Staffordshire Pension Fund has already seen a massive decrease in its investment, losing £21,573,041.12 (or 25.85%) worth of shares in companies such as Glencore, BHP Billiton, Rio Tinto, Royal Dutch Shell, BP, Lukoil and others. By removing investments in fossil fuel companies, the Staffordshire Pension Fund and all its participating bodies and organisations will be showing their commitment to creating a healthy, sustainable and financially viable future for both the people of Staffordshire and the planet as a whole. Please sign this petition if you believe that the Staffordshire Pension Fund should divest from fossil fuels to protect the planet and the financial future of thousands of workers from across Staffordshire.30 of 100 SignaturesCreated by Tomasz Kozlowski
Divest Dorset From Fossil FuelsFossil Fuels are now proven to be responsible for a large, and growing, number of harmful effects which harm the natural environment, people, and wildlife, and no economic case can be made which can justify the damage being done nor which could support the remedial action necessary to prevent damage being passed on to future generations113 of 200 SignaturesCreated by Charles Miller
Romans sur IsèreConsidérant que les engagements pris dans l'accord de Paris adopté à l'issu de la COP21, par lequel la communauté internationale s'est engagé à maintenir le réchauffement climatique « bien en-deçà de 2°C » ; Considérant que l'Assemblée nationale a adopté, le 25 novembre dernier, une résolution pour une société bas carbone, dans laquelle elle « "encourageant les investisseurs institutionnels, les entreprises, notamment celles dont l’État est actionnaire, et les collectivités territoriales à cesser d’investir dans les énergies fossiles et notamment dans le charbon » ; Considérant que, dans son rapport « Unburnable carbon », la Carbon Tracker Initiative montre que les entreprises du secteur fossile exploitent actuellement ou s'apprêtent à exploiter des réserves de charbon, de gaz et de pétrole représentant 2,795 gigatonnes d'émissions potentielles de CO2, soit cinq fois ce que nous pouvons émettre si nous souhaitons pouvoir maintenir le réchauffement sous cette barre des 2°C ; Considérant que des travaux récemment publiés par la revue Nature ont montré que l'ensemble des combustibles fossiles présents dans le sous-sol, qu'il s'agisse de gisements exploités, en passe d'être exploités, ou simplement identifiés, représentent 11 000 gigatonnes d'émissions potentielles de C02, soit vingt fois ce que nous pouvons émettre si nous souhaitons pouvoir maintenir le réchauffement climatique sous cette barre des 2°C ; Considérant la campagne lancée il y a trois ans par le mouvement 350.org de « désinvestissement du secteur fossile », qui se fonde sur le constat que certaines institutions encouragent le réchauffement climatique en détenant des investissements directs dans des entreprises du secteur des énergies fossiles, et encourage les institutions à initier une stratégie d’investissement socialement et écologiquement responsable et pour ainsi agir en faveur du climat ; Considérant que les entreprises ciblées dans le cadre de cette campagne sont toutes celles qui appartiennent à la liste des 200 entreprises qui possèdent les plus grandes réserves de charbon, de gaz et de pétrole, autrement dit qui représentent les principales sources d'émissions de CO2 à venir, telles que listées par la « Carbon tracker initiative » ; Considérant que pour réellement initier ce changement souhaité deux principaux acteurs sont prioritairement à convaincre : les fonds de pension et les banques, qui gèrent des portefeuilles d’investissement très importants ; Considérant que les caisses de retraites de la fonction publique (Ircantec, Erafp, Cnrac) ainsi que le Fonds de réserve pour les retraites détiennent plusieurs milliards d'actions et obligations émises par ces entreprises ; Considérant que plus de 500 villes, universités, musées et autres institutions se sont d’ores et déjà engagées dans cette démarche, à l’image des villes de San Francisco et Seattle ou encore de l’université de Stanford, du Fonds souverain de Norvège, de la fondation Rockefeller Brothers, rejointes par la ville de Paris par 34 collectivités locales françaises (parmi lesquelles les villes de Paris, Lille et Bordeaux, les régions Ile de France et Rhône-Alpes-Auvergne) ; Considérant que Romans sur Isère a la responsabilité de protéger la vie et l'environnement de ses habitants des conséquences du changement climatique ;15 of 100 SignaturesCreated by Nicolas Haeringer
Divest the London Pension Fund from Fossil FuelsSadiq 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/1z8u53U2,257 of 3,000 SignaturesCreated by Divest London
Den Haag FossielvrijWij 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-trillions1,112 of 2,000 SignaturesCreated by Femke Sleegers