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  • Divest Greenwich Council From Fossil Fuel Investments
    The Greenwich Pension Fund has around £17 million invested directly in fossil fuel companies and more invested indirectly (i.e. commingled) [1]. Such investments carry a high degree of risk on ethical, financial and scientific grounds and the Pension Fund’s investments therefore expose the people of Greenwich to those risks. Hundreds of institutions around the globe have already committed to divesting more than £31 billion from fossil fuel companies, and the Greenwich Pension Fund can add significantly to this movement [2]. 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 [3]. Available evidence indicates that fossil fuel companies intend to burn enough reserves to push global warming far above 2°C, as they insist even on searching for further reserves, often in the globe’s most ecologically sensitive areas [4]. 2014 was the hottest year ever recorded and the 20 hottest years have all occurred since 1981, bringing increases in extreme weather events, flooding, droughts and other calamities [5, 6]. Fossil fuel companies have also been actively disruptive to political efforts at limiting global warming through intensive political lobbying and the funding of disinformation campaigns [7]. If it is wrong to continue to wreck the Earth’s climate, then it follows that it is wrong to profit from that wreckage. There are also increasing indications that the profitability of the fossil fuel industry will decrease significantly in coming years. If action is taken to limit global warming and a large degree of carbon reserves are left in the ground, shares in fossil fuel companies will drop significantly in value [8]. As such, pension funds currently investing in fossil fuels risk exposure to this 'carbon bubble', while there is already evidence that fossil fuel-free portfolios are capable of out-performing those including fossil fuel investments [9]. For in depth analyses of these and related risks, see: http://gofossilfree.org/frequently-asked-questions/ http://www.carbontracker.org/ http://www.theguardian.com/environment/fossil-fuel-divestment References: [1] http://greenwich.greenparty.org.uk/news/council-fossil-fuel-divestment.html [2] http://gofossilfree.org/commitments/ [3] http://www.nature.com/nature/journal/v517/n7533/full/nature14016.html [4] http://www.shell.com/global/future-energy/arctic/exploration-production.html [5] http://www.ncdc.noaa.gov/sotc/summary-info/global/201412 [6] http://www.nrdc.org/globalwarming/climate-change-impacts/ [7] http://www.fossilfreemit.org/wp-content/uploads/2014/08/FossilFreeMIT-Lobbying-Disinformation.pdf [8] http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf [9] https://www.msci.com/resources/factsheets/index_fact_sheet/msci-acwi-ex-fossil-fuels-index-gbp-gross.pdf
    531 of 600 Signatures
    Created by Mark Horowitz
  • Divest the City of Beaverton from Fossil Fuels and Nuclear Power!
    Our local government has a responsibility to divest from an industry that’s destroying our future. We can reinvest in solutions to climate change! For more about my work on Climate Change as I prepare to become a Bar Mitzvah please visit: yitzchakadin.wordpress.com. We can not count on action by the federal government. We as individuals, citizens, and members of other organizations need to act also. Extreme weather events are overwhelming local budgets across our country. Nuclear power is no better--not only is it nuclear (and therefore terrible, which should be obvious)--fossil fuels are used heavily in its production and in attempts to minimize the hazard of storing nuclear waste. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry. 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 and nuclear power now!
    531 of 600 Signatures
    Created by Pam and Rob and Miko and Isaac Vergun
  • Fossil Free Berlin - Offener Brief
    Im Rahmen des Global Divestment Day und als Auftakt der städtischen Divestmentkampagne Berlin wurde der offene Brief von Klimawissenschaftlern, Politikern, Ärzten, Soziologen, Künstlern und Bürgern unterzeichnet. Alle Unterzeichner*innen und den gesamten Brief findest du hier: http://gofossilfree.org/de/divest-berlin-stadtkampagne/
    1,529 of 2,000 Signatures
    Created by Christine Langkamp
  • Divest Sonoma County from Fossil Fuel
    Sonoma County's Climate Action Plan 2020 demonstrates how well citizens and leaders of Sonoma County work together to limit local greenhouse gas emissions. However, these actions alone will not be enough to prevent the looming climate chaos which the recent IPCC report warned us about. We have to prevent the fossil fuel industries from continuing to do business as usual. In fact, to save life on the planet, the fossil fuel companies must keep 80 percent of their reserves in the ground. Exxon spends $100,000 a day in search of new fossil fuel. This proves that, not only do they plan to burn the reserves they have, but they are also eager to find and burn more, and consequently change the planet forever. By divesting from fossil fuel, Sonoma County (along with universities, colleges, places of religion, other municipalities and retirement funds) will send a clear message to the fossil fuel companies that their greed and total disregard for the planet are no longer acceptable. We applaud Sonoma County’s goals to reduce GHG emissions to 25% below 1990 by 2020; committing to remain divested from fossil fuel is the right thing to do. We urge the Sonoma County Supervisors to pass this resolution to forgo any future investments in the fossil fuel industry.
    200 of 300 Signatures
    Created by Jane Vosburg
  • Divest Montgomery County from Fossil Fuels!
    The nations of the world (including ours) have pledged to limit global warming to 2 degrees Celsius (3.6 degrees Fahrenheit) - because any warming beyond 2 degrees will recklessly endanger human civilization. Regrettably, they are struggling to develop a meaningful plan by which to make good on this pledge. Meanwhile, the world's fossil fuel companies already have assets in hand (i.e., coal, oil and gas currently in the ground, awaiting extraction) that -- if extracted and burned -- will make it impossible to limit the warming to 2 degrees. In fact, their assets in hand are 5 TIMES MORE than can be safely used if we are to limit the warming to 2 degrees. The Board of Investment Trustees for the Montgomery County Employee Retirement Plans recently stated that, as of December 31, 2014, over $65 million in the pension funds it oversees are invested in 65 of the top 200 fossil fuel companies. The current fossil fuel portfolio of the MCERS includes over $10 million invested in such oil and gas companies as BP, Chevron, Exxon Mobil and ConocoPhillips, and millions more in companies engaged in mountain-top mining of coal such as ArcellorMittal and Arch Coal. Montgomery County can do better. Studies show that divestment will not adversely affect the pension fund yields. Moreover, because people are likely to wake up at some point and put the brakes on fossil fuel use, most of today's vast known fossil fuel reserves will remain in the ground, causing a significant drop in company valuation. Thus, divestment not only makes moral sense, but financial sense as well. Our aim is to have Montgomery County sell off its multi-million dollar fossil fuel investments. Why? Because divestment works. For example, in the 1980s divestment was a major factor forcing South Africa to abandon apartheid, a previously immovable object. Similarly, the fossil fuel industry has overwhelming influence in Congress, preventing our representatives from passing crucial laws to limit climate change. The industry wears the guise of respectability, despite the fact that their business plan seeks profit from the destruction of our environment. Through our divestment campaign, we are announcing to the world that we do not wish to be associated with the fossil fuel industry. We can strip it of that illusion of respectability. Our goal is to make that industry a pariah. Our Members of Congress will become sensitized and will find it more embarrassing to be associated with fossil fuel companies. With that, the influence of these companies will decline, and our chances for essential legislation will strengthen. At the same time, fossil fuel companies may finally decide to develop renewable energy sources. Even as extreme weather events like Hurricane Sandy, floods, droughts and fires threaten to overwhelm local budgets, federal action to solve this crisis is all but stalled. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry. The bottom line is this: Divestment is the only moral choice for institutions that care about the planet and its residents. Solving the climate crisis is the only practical choice for governments that care about their solvency. Let's do this in Montgomery County! Please: (1) sign the petition; (2) encourage other adults in your household to sign; (3) broadly share the petition with other MC residents via Facebook, list serves, etc.; and, most importantly, (4) target at least five of your like-minded friends via a personal contact to sign the petition and ask them to do the same with their friends.
    2,167 of 3,000 Signatures
    Created by Geoffrey Kidd Picture
  • Divest Oxfordshire from fossil fuels
    Our 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.
    1,395 of 2,000 Signatures
    Created by Al Chisholm
  • Birmingham City Council, Divest From Fossil Fuels
    Our 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. Birmingham City 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 Birmingham 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.
    317 of 400 Signatures
    Created by Birmingham Climate Justice
  • Malmö Stad - Join Fossil Free
    Malmö Stad har en viktig föregångsroll som miljöförebild i Sverige och bör därför självklart divestera även sina stiftelsers pengar ur kol, olja och gas.
    1,180 of 2,000 Signatures
    Created by Olov Källgarn
  • Don't Let Seattle's Divestment Falter!
    The climate crisis is a profound threat to the Puget Sound region and the world. Fossil fuel companies possess proven reserves that would release approximately 2,795 gigatons of CO2, or five times the amount releasable without exceeding 2°C of warming, which the 2009 Copenhagen Accord indicated would be untenable for life as we know it. Seattle has been a national leader on the environment, and was the first city nationwide to commit to divestment; it's critical that we continue to lead the way.
    786 of 800 Signatures
    Created by 350 Seattle
  • Divest the Maine Public Employees Retirement System from Fossil Fuels
    We the people of Maine take our state motto seriously: "Dirigo" ("I Lead"). From our first greenhouse gas emissions inventory in 1995 to the nation’s first statewide climate change law in 2003, Maine has been a leader in addressing climate change and reducing greenhouse gas emissions. Despite good initiatives by both public and private sectors in Maine, atmospheric CO2 and climate change are accelerating. Climate scientists say we have years, not decades, to stabilize CO2 and other greenhouse gases. Climate change is already having an impact on the people and natural resources of Maine, and those effects will only get more severe if we do not take further action now. The fossil fuel industry is not looking out for our welfare. They consume millions in federal subsidies, spend millions on candidates, lobbying, and climate denial campaigns to protect their interests, all while planning to dig up and burn enough fossil fuels to devastate the planet. We do not believe the public employees of the state wish to have pension security at the cost of the health and safety of the people of Maine. Fossil fuel investments no longer represent fiduciary responsibility. We believe there are socially responsible investments available to the Public Employees Retirement Fund that will provide more true security to the hard-working public servants of the State of Maine. Let us continue to Lead.
    1,041 of 2,000 Signatures
    Created by Read Brugger