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UCL, DIVEST FROM FOSSIL FUELSClimate change has already caused millions to lose their lives and livelihoods after only one degree of global average warming [5]. ‘Business as usual’ scenarios see us facing up to six degrees of warming and hundreds of millions suffering. It’s time to take this problem on at its source: the fossil fuel companies. If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. UCL cannot continue to use its funds from students, alumni, trusts and grant-making bodies to fund fossil fuel companies through its portfolio of investments. UCL's academics show a strong consensus on the effects of climate change, taking it into account in their research and making constructive proposals for how we can respond to and overcome it as a society. UCL is giving money to further this positive research yet chooses to invest in the fossil fuel industry, the root cause of climate change. This shows massive disrespect to their own staff, to the future of their students, and to all those around the world suffering the effects of climate change but also from the human right violations carried out by fossil fuel companies. With 1/4 of UK universities now having divested, 16 of which in the last year, UCL is losing its chance to lead the way towards a more sustainable world, proving that management prioritises profit over the protection of the environment, the future generations and the voice of thousands of students and academic staff who support divestment. In the ultimatum letter we sent to management in November 2016 we received more than 100 signatures from academic staff who support divestment [6]. How long will management keep disregarding the views of its student body and staff? One of the few counter-arguments management has presented is that they are scared divestment would negatively affect UCL's engineering department. However there is no evidence that by divesting UCL will risk its sponsorship from fossil fuel companies and jeopardise the ties the Engineering department have with them. All other universities who have divested still maintain links with the companies with no effect on their students future relations with these companies whatsoever. It is therefore high time we DEMOCRATISED our university and TAKE ACTION to prevent further planetary degradation. We as students, academics and above all citizens, have the power to change the world. References: [1] http://www.ucl.ac.uk/white-paper/mission [2] UCL Investment Portfolio, December 2012. [3] http://www.carbontracker.org/wp-content/uploads/downloads/2012/08/Unburnable-Carbon-Full1.pdf, p.13-14. [4] UCL Ethical Investment Policy, http://www.ucl.ac.uk/finance/finance_docs/investment_policy.htm [5] DARA, Climate Vulnerability Number 2010 http://daraint.org/climate-vulnerability-monitor/climate-vulnerability-monitor-2010/ [6] Open Letter to UCL Management http://fossilfreeucl.tumblr.com/openletter3,587 of 4,000 SignaturesCreated by Natasha Gorodnitski
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SUSSEX UNIVERSITY DIVESTMENT CAMPAIGN - WE WONAccording to the most recent projections, the world is headed on a course to global warming of 4 degrees by the end of this century if we carry on emitting CO2 at current rates. [1] It is clear that fossil fuels are not the way forward, and that we must end our addiction to carbon and find sustainable energy alternatives before it is too late. Despite this, our governments and institutions continue to invest vast sums in companies extracting oil and gas, giving them huge public subsidies that have helped to make them some of the most profitable companies in the world. The University of Sussex is renowned as a progressive institution, and we believe that the University should lead by example and join dozens of other universities, religious institutions and local governments across the world that have already committed to investing its money ethically, and going fossil free. Collectively, we have the opportunity to send an important signal to our governments and the private sector about the urgent moral and financial imperative of phasing out fossil fuels.2,053 of 3,000 SignaturesCreated by Rachel Mohun
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University of Exeter Fossil Free CampaignJPMorgan Chase is one of the worlds largest investment banks and as such has its fingers in a great many pots. Unfortunately some of these pots come with some truly terrible baggage, from fossil fuels to animal testing JPMorgan invests in them all. This sadly includes being the US's largest share holders in PetroChina, a company which has been widely recognized and condemned for helping finance genocide in Sudan. That means in a single company your tuition fees have direct connections to both the worsening of Climate Change and a Genocide that stills claims more than 100 lives every day. For a University to profit from any of these causes is wrong beyond belief but to be involved in all of them and more is a complete catastrophe. By signing you are telling the University that this cannot continue and that you support the campaign for not just a Fossil Free Exeter but an Ethically Invested Exeter as well.696 of 800 SignaturesCreated by Robin Ellis-Cockcroft
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FULL Fossil Fuel Divestment for the University of ReadingWe are in the midst of a climate crisis and holding investments in fossil fuel companies is immoral. The current investment practices of the University are in direct violation of their investments policy, which clearly states: “The University of Reading believes in socially responsible investment and responsible stewardship. It expects its investment managers to take account of social, environmental and ethical considerations in the selection, retention and realisation of investment.” The University is recognised for producing world-class research on climate change and takes active steps to improve sustainability on its campuses. However, full fossil fuel divestment should be at the forefront of any sustainability strategy, and the University cannot make claims to be sustainable without it. If Vice Chancellor Robert Van de Noort wishes to make the University of Reading the “greenest university”, then full divestment is a necessity.772 of 800 SignaturesCreated by Chloe Bartlett
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Divest NUI Galway From Fossil FuelsCurrently, NUI Galway has at least 3.4 million Euro invested in oil and gas shares globally. Though shares in these fossil fuel companies may prove to be profitable in the short-term, research indicates that at least 80% of fossil fuel reserves must stay in the ground in order to prevent catastrophic changes to our climate. Therefore, it is the responsibility of public institutions to disengage in partnerships and support of fossil fuel companies in favor of more sustainable and ethical investments that will promote the health and welfare of both the planet, and all of her peoples.1,130 of 2,000 SignaturesCreated by Colm Duffy
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Divest UWS From Fossil FuelsThe University of the West of Scotland has over £1 million worth of investments. Numerous companies that the University invests in, including Shell have been accused of human rights abuses. For more information about our campaign and to get involved, please visit: https://www.facebook.com/groups/362019827317758/ Further reading: http://www.theguardian.com/environment/2014/oct/08/glasgow-becomes-first-university-in-europe-to-divest-from-fossil-fuels108 of 200 SignaturesCreated by Kevin McKinley
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Durham University: Divest from Fossil FuelsAt the moment Durham University has an investment policy that states that they won't invest in arms or tobacco companies. But no such policy against investing in fossil fuel companies exists. Carbon dioxide produced by burning fossil fuels results in the heating of the atmosphere. A rise of more than 2˚C in global temperatures is enough to put the world beyond the acceptable limits as outlined by scientists. Fossil fuel companies already have proven reserves of five times the amount needed to take us past this limit. At the moment the share price of fossil fuel companies is based on the idea that all the reserves held by fossil fuel companies will be burnt. This situation is of course not viable given the severely detrimental impact it will have on the environment. This disparity between the safely useable reserves and the proven reserves results in fossil fuel companies being not as safe a long-term investment as they are held up to be. Given the massive amounts of damage fossil fuel companies do to the lives of people around the world, the obvious environmental costs of the industry and the long term instability of fossil fuels as an investment, Durham University People & Planet Society are calling on the university to divest any money it has invested in fossil fuel companies and to add fossil fuels to the list of things in which it will not invest in the future.466 of 500 SignaturesCreated by Durham University People and Planet Society
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Make the University of Leeds Fossil Free!To put the University of Leeds at the forefront of the global movement to reject our reliance on fossil fuels. To follow the successful example of the University of Glasgow, who have recently achieved a divestment policy. To achieve transparency, so that students (current and prospective) know where their money is going, and all members of the University know its position on environmental issues. From tar sands to Arctic drilling and hydraulic fracturing (or fracking) for shale gas - the fossil fuel industry is scraping the bottom of the barrel and causing huge environmental and human devastation in the process. Withdrawing our institutions’ financial and moral backing for this climate-wrecking industry is crucial to tackling climate change. For more information: http://peopleandplanet.org/fossil-free http://www.theguardian.com/environment/2014/oct/08/glasgow-becomes-first-university-in-europe-to-divest-from-fossil-fuels https://www.facebook.com/groups/pandpleeds/?fref=ts https://www.leeds.ac.uk/secretariat/documents/socially_responsible_investment.pdf661 of 800 SignaturesCreated by Edie Boon
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Fossil Free Liverpool UniversityClimate Change is an issue which will disrupt our entire planet's weather and ecosystems if we allow it to happen. The effects on society will be drastic and chaotic leading to increased disease, famine, poverty, migration. We want our university be a bold leader in the fight against Climate Change and the transition to a sustainable and fairer society. The failure of the industry and global leaders over the past decades to enact meaningful change has forced the need for progressive action: divestment. The university is a leading researcher in areas of sustainable energy, environment, climate, health, food security and conflict. We want the university to have consistent values in its activities, that it will not endorse or profit from these highly unethical companies. The status quo isn't working and the transition to sustainability is inevitable so let us be bold, let us be positive, let us act on the right side of history and usher in a new better era. Divesting from these companies frees up capital to reinvest in our new technologies, industries and economies for a secure and sustainable future.302 of 400 SignaturesCreated by Fossil Free Liverpool University
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Stop University of Derby investing £1,579,677 in Fossil fuel industriesFossil Fuels have a devastating negative effect on the environment, as the production and the consumption contributes significantly to global climate change. They are responsible for the increasing amount of harmful chemicals such as carbon dioxide released into the atmosphere. We should be investing in renewable energy sources rather than directly supporting and funding corporations such as British Petroleum (BP), who are accountable for environmental disasters such The Deepwater Horizon Oil spill in the Gulf of Mexico in 2010. As an institute of Higher education how can we publicly support such corporations that attempt to green wash the facts?250 of 300 SignaturesCreated by Saskia Taylor- Doyle