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Divest West Yorkshire Pension Fund from Fossil Fuel InvestmentsOver 5% of WYPF's investments are in fossil fuel companies, including £207 million invested in BP and £171 million invested in Royal Dutch Shell. [1] Climate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences. In order to have a chance of staying below this maximum upper limit of warming 80% of known fossil fuel reserves must not be burnt. Recent research, instigated by the Carbon Tracker foundation, asserts that there are five times more fossil-fuel reserves than can be burnt if internationally agreed carbon emissions targets are to be met. 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. 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. Fossil fuel equities also pose significant financial risks. As governments control carbon emissions to meet these targets a large proportion of fossil fuel reserves which companies expect to extract will become stranded assets: a “carbon bubble”. Funds which are exposed to fossil fuel equities when this bubble bursts can expect to suffer considerable losses. The Governor of the Bank of England, Mark Carney has recently expressed concerns over climate risk, stating that the “vast majority of reserves are unburnable” if global temperature rises are to be limited to below 2C.[2] [1} WYPF Valuation March 2014 [2] http://www.theguardian.com/environment/2014/oct/13/mark-carney-fossil-fuel-reserves-burned-carbon-bubble1,459 of 2,000 SignaturesCreated by Chayley Collis
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Divest Highlands from Fossil FuelsClimate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences. In order to have a chance of staying below this maximum upper limit of warming 80% of known fossil fuel reserves must not be burnt. 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. 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. 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 Highland Council are fully committed to both reducing the Highlands's contribution to climate change as well as safeguarding the Highlands against its impacts. In particular, they have developed Carbon Clever Highlands a Highland Council led initiative with a target of a carbon neutral Inverness in a low carbon Highlands by 2025. The Highland Council manages the pensions of its employees and needs to make sure these funds are transferred to investing in low carbon options rather than fossil fuels. Recent financial studies have shown that divestment from fossil fuels may have a small positive effect on investment portfolios in the short term. Moreover, in the long term these fossil fuel investments will become increasingly risky as the cost of extraction increases and international treaties restrict the use of fossil fuels. Not only does it make moral sense not to invest in the destruction of our planet, it also makes financial sense. It is illogical to allow pension funds to endanger those whose futures they seek to protect. Recent publications have highlighted the real dangers posed to Highlands from climate change, including an increased risk of flooding and storm damage. Continuing to invest in the fossil fuel industry contradicts the commitments of the Highland Council By divesting from fossil fuels, the Highland Council 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 it's citizens. So we ask: 1. The Highland Council to make a public statement supporting the principle of divestment and to commit to avoid investment in any bonds, stock or shares connected to fossil fuels. 2. The Highland Council to review their pension fund investments and - 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 3. The Highland Council must be transparent about its 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. 4. The Highland Council must do the above in a timely manner - By setting up a working group to report back on a strategy within three months from the submission of this petition111 of 200 SignaturesCreated by Anne Thomas
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Stop aux investissements financiers et économiques dans les énergies fossiles à Toulon !• Considérant que les engagements pris dans l'Accord de Paris adopté à l'issue de la COP21 par lequel la communauté internationale s'est engagée à maintenir le réchauffement climatique « bien en-deçà de 2°C », • considérant que le 25 novembre dernier, l'Assemblée nationale a adopté une résolution pour une « société bas carbone », dans laquelle elle « encourage 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 démontre que les entreprises du secteur des énergies fossiles exploitent ou s'apprêtent à exploiter des réserves de charbon, de gaz et de pétrole représentant 2 795 gigatonnes d'émissions potentielles de CO2, soit 5 fois ce que nous devrons émettre si nous souhaitons contenir le réchauffement sous cette barre de 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, gisements exploités, en passe de l'être ou simplement identifiés, représentent 11 000 gigatonnes d'émissions potentielles de C02, soit 20 fois ce que nous devrons 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 les entreprises du secteur des énergies fossiles, 350.org demande à ces institutions d’initier une stratégie responsable d’investissement, social et écologique pour agir en faveur du climat, • considérant que les entreprises ciblées par cette campagne appartiennent toutes à la liste des 200 entreprises qui possèdent les plus grandes réserves de charbon, de gaz et de pétrole, autrement dit les principales sources d'émissions de CO2 à venir listées par la « Carbon tracker initiative », • considérant que pour initier un réel changement, 2 principaux acteurs sont à convaincre en priorité : 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 mêmes 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 de San Francisco ou Seattle ou encore de l’université de Stanford, du fonds souverain de Norvège, de la fondation Rockefeller Brothers, rejointes par la ville de Paris et par 34 collectivités locales françaises (parmi lesquelles les villes, Lille et Bordeaux, les régions Île-de-France et Rhône-Alpes-Auvergne), • considérant que la commune de Toulon et la métropole TPM ont la même responsabilité de protéger la vie et l'environnement de leurs administré(e)s, des conséquences du changement climatique, le groupe local « Climat / Zéro Fossile / Toulon & Environs » demande à chacune et chacun d’être « actrice / acteur » de la lutte contre le réchauffement climatique en soutenant activement cette pétition, en la signant et en la diffusant le plus largement possible ! Pétition lancée à Toulon le 1er mai 2019 pour la 4ème marche pour le Climat ... Plus d'informations sont disponibles sur https://france.zerofossile.org109 of 200 SignaturesCreated by Guy Cochennec
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Divest Lewisham Council from Fossil FuelsEven as extreme weather events like Hurricane Sandy, floods, droughts and fires threaten to overwhelm local budgets, federal inaction 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.28 of 100 SignaturesCreated by Katharine Lukowicz
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Divest Vallejo from Fossil FuelsWe hold the future of our children and grandchildren in our hands. In the words of Seattle's Mayor McGinn, "We’re the first generation to see the effects of climate change, and the last generation who can do anything about it. To refuse to use every tool at our disposal in this fight – to embrace inaction – is to endorse a trajectory that will lead to suffering, privation, and calamity" The world leaders agreed in the Copenhagen Climate Summit that raising the global temperature more than 2 degrees Celsius would be devastating for civilization. If we continue to burn fossil fuels at current rates we will surpass this target within 12 to 15 years. Today we are already witnessing the effects of accelerated climate change: increased global temperatures have caused more extreme weather, food and water shortages, resource conflicts, climate refugees, and negative health impacts which have been felt disproportionately by coastal and impoverished communities. This is not a partisan issue, it is an ethical issue. Ethical financing is a statement that we will not support the profits of fossil fuel companies while millions of poor people around the globe bear the brunt of climate change as they experience famine, mass emigration and civil unrest as a result. The burning of fossil fuels is the major contributor to the greenhouse gas build-up which causes global climate change. To prevent climate chaos, the fossil fuel industries have to keep 80% of their reserves underground. They will not do this willingly. However, as a community, we have the power to convince them by divesting from fossil fuels. Divestment from fossil fuel companies can: a) drive public awareness of the incalculable damage being done by the fossil fuel industry as it generates huge immediate profits in exchange for an uninhabitable future; b) build public recognition of the urgent need to drastically and rapidly reduce humanity’s dependence on fossil fuels; c) call widespread attention to the consequences of continuing a “business as usual” approach to extracting, marketing and burning fossil fuel; d) lead to inspiring and urgent, accelerated and popular commitment to leave untapped 80% of the known carbon reserves,while developing renewable energy resources capable of meeting humanity’s needs – thus making it possible that life as we have known it might continue on earth. You can read the Carbon Tracker list at http://www.carbontracker.org/ You can review fossil fuel and fossil free investments at https://fossilfreefunds.org/112 of 200 SignaturesCreated by Richard Fisher
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Divest Drake University From Fossil Fuels!Climate change is accelerating. We are witnessing the increasing impacts of a warming planet more and more consistently; in this last year alone our country experienced record-breaking heat, droughts, and hurricanes, which impacted hundreds of thousands of people and cost our country hundreds of billions of dollars. Hurricane Sandy alone caused $50 billion in damages. Experts agree that global warming caused by humans burning fossil fuels will continue to accelerate and intensify these tragic climate disasters. The scientific consensus is clear and overwhelming; we cannot safely burn even half of global fossil-fuel reserves without dangerously warming the planet for several thousand years.25 of 100 SignaturesCreated by Conor Murphy
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Klima retten, nachhaltig leben, Raus aus RWESehr geehrte Bürgermeister*in XXX Sehr geehrte Mitglieder des Gemeinderats, Der kürzlich veröffentlichte neuste Bericht des Weltklimarats spricht eine deutliche Sprache. Wenn wir den Klimawandel auf unter 2º Celsius begrenzen wollen, darf der Großteil der fossilen Energiereserven wie Kohle, Öl und Gas nicht verbrannt werden. Alles andere würde eine Destabilisierung des Klimas mit katastrophalen Folgen für Mensch und Natur nach sich ziehen. Laut Weltklimarat, müssen Investitionen in fossile Energieträger jährlich um $30 Milliarden reduziert werden, während Investitionen in kohlenstoffarme Energiegewinnung um $147 Milliarden steigen müssen. Außerdem ist damit zu rechnen, dass Unternehmen im fossilen Sektor in den kommenden Jahren stark an Wert verlieren werden, weil sie ihre Rohstoffvorkommen nicht mehr fördern und verkaufen können. Die Finanzwelt spricht von einer Kohlenstoffblase, die kurz davor ist zu platzen. Damit stellen Investitionen öffentlicher Gelder in fossile Energien ein hohes finanzielles Risiko dar. Die jüngsten Entwicklungen von RWE und Eon verstärken den Eindruck, dass das Geschäftsmodell des fossilen Sektors nicht zukunftsfähig ist. Studien der Internationalen Energieagentur, der Universität Oxford sowie verschiedener Großbanken wie HSBC oder Citi warnen vor Investitionen in diesem Sektor. Der Vorstandsvorsitzende der RWE AG Peter Terium hat zwar angekündigt, RWE im kommenden Jahr in zwei Konzerne aufzuspalten, die mittelfristigen Entwicklungen für das Unternehmen lassen sich allerdings noch nicht abschätzen. Energieexperten wie Claudia Kemfert sehen den Schritt von RWE eher als kurzfristige Marketingstrategie, denn als substantielle Lösung. Fakt ist aber, dass die CO2-Emissionen im Rheinischen Braunkohlerevier seit 1990 nicht abgenommen, sondern noch einmal um 9% zugelegt haben. Und RWE hat auch nach den letzten Verlautbarungen keinen Kurswechsel eingeläutet und plant weiterhin in Niederaußem ein neues Braunkohlekraftwerk zu bauen. Um die NRW-Klimaschutzziele 25 Prozent Treibhausgas-Reduktion und die deutschen Klimaschutzziele minus 40 Prozent Treibhausgas-Reduktion bis 2020 einhalten zu können, müssen weitere Kohlekraftwerke abgeschaltet werden. Überall auf der Welt beginnen daher Städte, Gemeinden, Kirchen, Universitäten, Stiftungen und andere Institutionen ihre Investments aus den 200 größten Kohle-, Erdöl- und Erdgasunternehmen abzuziehen. Ein solches Divestment erreicht zweierlei: Einerseits schützt es vor den Gefahren zukünftiger Wertverluste und sichert so nachhaltig die finanzielle Stabilität Ihrer Stadt. Andererseits entzieht es klimaschädlichen Unternehmen die gesellschaftliche Zustimmung und trägt so zu Wandel bei, der aufgrund der Klimakrise notwendig geworden ist. In den Vereinigten Staaten haben bereits 25 Städte verbindlich beschlossen ihre Anteile an Unternehmen des fossilen Sektors zu verkaufen. Darunter sind Großstädte wie San Francisco oder Seattle. In den Niederlanden hat sich die Stadt Boxtel Ende 2013 als erste europäische Stadt verbindlich Divestment verschrieben. Im November 2015 beschloss Münster für ihre Finanzanlagen einen Kriterienkatalog, der sogar über die Forderungen von Fossil Free hinausgeht. Mit Ihrer Hilfe kann <Stadt> nun in Deutschland die erste Millionenstadt sein, die zeigt, dass eine nachhaltige Finanzpolitik mit Rücksicht auf Natur und zukünftige Generationen möglich ist. Wir möchten hiermit an Sie appellieren, die oben genannten Forderungen bei der Erstellung eines neuen Kriterienkataloges für die Finanzanlagen der <Stadt> zu berücksichtigen. Für Rückfragen stehen wir Ihnen gerne zur Verfügung unter: <Email> Mit freundlichen Grüßen, Quellenangaben Intergovernmental Panel on Climate Change (IPCC) http://www.ipcc.ch/report/ar5/wg3/ Artikel zum Finanzrisiko Kohlenstoffblase in der Zeit: http://www.zeit.de/2014/08/carbon-bubble-rohstoff-blase Internationale Energieagentur. World Energy Outlook 2012: http://www.iea.org/publications/freepublications/publication/German.pdf Smith School of Enterprise and Environment, Oxford. Stranded Assets Programme http://www.smithschool.ox.ac.uk/research/stranded-assets/ HSBC, Coal and Carbon - Stranded assets: Assessing the risks https://www.research.hsbc.com/midas/Res/RDV?p=pdf&key=dXwE9bC8qs&n=333473.PDF http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis Liste der Top 200 Kohle-, Erdöl-, Erdgasunternehmen weltweit: https://docs.google.com/a/350.org/spreadsheets/d/1an9qOSE2uG4XuzeA4ltUVadDawheTWdJGKRpU5ayCJk/pubhtml Eine Liste der Städte, Universitäten, Kirchen und anderer Institutionen die sich Divestment verschrieben haben: http://gofossilfree.org/commitments/ nach Eigener Berechnung, auf Grundlage der offiziellen Emissionsdaten des Umweltbundesamtes 2013 http://thru.de/ Sauberer Plan für Kohle-Aus, Greenpeace-Studie legt dar: Kohleausstieg ist ohne Einbussen möglich, 10.05.2015 http://www.greenpeace.de/themen/energiewende/fossile-energien/sauberer-plan-fur-kohle-aus12 of 100 SignaturesCreated by Johannes Hanel
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Calling On Falmouth University To Commit To Never Invest In Fossil FuelsAt the moment, there is no policy in place which stops our University investing in Fossil Fuels. We want this to change. Even though there are no investments at the moment, doesn't mean they won't in the future. We believe that it is incredibly hypocritical that an institution entrusted to prepare its students for the future should not profit from destroying it at the most fundamental level. As a forward thinking, up and coming university, is it right for Falmouth to profit from such morally questionable industries? If you are a student, academic, alumni or a concerned citizen who feels that Falmouth University should be challenged on this issue please add your signature to this petition and contact Divest Penryn to become more actively involved in this campaign!28 of 100 SignaturesCreated by Conor Cowden
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Call for 100% RenewablesTo stop climate change1 of 100 SignaturesCreated by Atiya Jaffar
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Divest Hackney Council from fossil fuelsClimate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences [1]. In order to have a chance of staying below this maximum upper limit of warming 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. Hackney Council's pension fund currently has £42m invested in fossil fuel companies such as ExxonMobil and Shell [4]. This is at odds with the council's stated commitment to reduce the borough's contribution to climate change and to reduce its emissions by 80% by 2050. Hackney Council exists to serve the people of the borough, and it must therefore acknowledge the significant risks that fossil fuel investments pose to local residents' financial security and future quality of life. Hackney Council should take a moral, political and economic stand by divesting our money from fossil fuel companies and choosing investments 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 Hackney wish to support an alternative, sustainable energy future. Recent financial studies have shown that divestment from fossil fuels may have a small positive effect on investment portfolios in the short term [5]. Moreover, in the long term these fossil fuel investments will become 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. It is illogical to allow pension funds to endanger those whose futures they seek to protect. By divesting from fossil fuels, Hackney Council will join public institutions such as the British Medical Association, Glasgow University, Stanford University, Oxford City Council, Bristol City Council, Oslo, amongst many others, in leading by example to help create a sustainable future for the citizens of Hackney and beyond [6]. References [1]http://bit.ly/1wqelqp [2]http://bit.ly/1s9QgyC [3]http://bit.ly/1r2Y2Qb [4]http://bit.ly/1DUM1l5 [5]http://bit.ly/13D9fwr [6]http://bit.ly/12xCgZg2,393 of 3,000 SignaturesCreated by David Clarke