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  Divest Tower Hamlets

  Tower Hamlets Council currently has an estimated £91,764,000 invested in fossil fuel companies. This represents 8.76% of their fund. Ethically, environmentally and economically, there is no justification for such holdings. These investments directly undermine Tower Hamlets' own commitment to 60% reduction in carbon emissions by 2020 [2] as they are directly fueling ever riskier, costlier forms of extraction, which no longer represent the relatively bankable return they have been historically as the fossil fuel energy market grows ever more volatile. Climate change is the greatest crisis humanity has ever faced. The 20 hottest years on record have all occurred since 1981 and 2014 was the hottest ever [3] with 2015 on course to take that unenviable title [4]. Higher average temperatures are directly linked to extreme weather events such as intensified heatwaves; longer more arid droughts; wilder forest fires; stronger, more frequent storms and the resultant flooding; and glacier melt has increased drastically, which not only means rising sea-levels but more of the suns rays being absorbed rather than reflected back, causing a further increase in temperatures. Climate change does not just manifest itself in these ever worsening weather patterns. A recent study [5] attributed the record 2007 - 2010 drought in Syria as a reason for farmers abandoning their land for the city, where their presence has been a major factor in the social unrest that led to the war that has ravaged the country ever since [6]. We now see this being played out in the form of the humanitarian and political crises with which Europe is now struggling to cope. Such events are only going to increase as our shared world becomes hotter and drier. National borders are meaningless in the face of hostile weather. Moreover, worsening levels of air pollution are now regarded as a major world killer [7]. In Tower Hamlets an estimated 138 people a year die as a result of air pollution [8]. At the core of all these problems is the burning of fossil fuels. Scientists have unanimously concluded that these changes are a consequence of human activity, arising from the burning of fossil fuels [9]. The fossil fuel industry have taken a threefold approach to this. Firstly, they have spent significant amounts of money to create a body of disruptive disinformation campaigns that undermine climate science in the minds of the general public [10]. Secondly, they have created a lobbying juggernaut to flatten any political efforts to limit global warming [11]. Thirdly, they have expanded their business practice to focus on ever riskier, costlier and ultimately more disastrous extraction methods such as fracking and deep-water drilling; the latter having led to the largest marine oil spill in history [12]. 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 [13]. 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 [14]. 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 'Do The Math' documentary: https://youtu.be/KuCGVwJIRd0 References [1] http://fossilfreeindexes.com/research/the-carbon-underground/ [2] http://www.towerhamlets.gov.uk/lgnl/environment_and_planning/sustainability/carbon_reduction.aspx [3] http://www.ncdc.noaa.gov/sotc/summary-info/global/201412 [4] http://www.weather.com/news/climate/news/earth-warmest-january-may-2015 [5] http://www.pnas.org/content/112/11/3241 [6] http://news.nationalgeographic.com/news/2015/03/150302-syria-war-climate-change-drought/ [7] http://www.who.int/mediacentre/news/releases/2014/air-pollution/en/ [8] http://www.itv.com/news/london/2015-07-15/londons-toxic-air-how-is-your-london-borough-affected/ [9] http://www.ipcc.ch/pdf/assessment-report/ar4/syr/ar4_syr_spm.pdf [10] http://www.fossilfreemit.org/wp-content/uploads/2014/08/FossilFreeMIT-Lobbying-Disinformation.pdf [11] http://www.theguardian.com/environment/2015/mar/25/fossil-fuel-firms-are-still-bankrolling-climate-denial-lobby-groups [12] http://www.britannica.com/event/Deepwater-Horizon-oil-spill-of-2010 [13] http://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf [14] https://www.msci.com/resources/factsheets/index_fact_sheet/msci-acwi-ex-fossil-fuels-index-gbp-gross.pdf

  1,126 of 2,000 Signatures

  Created by Patrick McFadden
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  Schützen Sie unsere Ozeane vor Offshore-Bohrungen

  Kein Verschütten. Kein Töten. Kein Bohren mehr. Das Weiße Haus veröffentlichte Anfang Januar einen Entwurf, um die Offshore-Bohrungen im Jahr 2019 dramatisch auszuweiten. Die Trump-Regierung versucht, fast alle Bundesgewässer für potenzielle Öl- und Gasbohrmietverträge zu öffnen. Es ist ein großer Fehler. Und wir brauchen Sie, um dem Chor der Ozeanliebhaber in der ganzen Nation beizutreten, die sich dafür einsetzen, Sonderinteressen durch die Zerstörung unserer Küsten zu stoppen. Bitte machen Sie Ihre Stimme, bevor dieser gefährliche Vorschlag unsere Realität wird. Öl und Wasser vermischen sich nicht, wie jüngste Verschüttungen zeigen. Und die Bemühungen zur Förderung fossiler Brennstoffe verursachen weiterhin extreme wirtschaftliche Schäden. Im Jahr 1969 pumpte ein Brunnen vor der Küste von Santa Barbara fast 4 Millionen Gallonen Rohöl in den Pazifik und an die Strände von Südkalifornien. Seitdem haben lokale Gesetzgeber und die Öffentlichkeit in Kalifornien unermüdlich daran gearbeitet, zu verhindern, dass Lecks und Lecks unsere Umwelt und die 18 Milliarden US-Dollar teure Küstenwirtschaft ruinieren, indem sie neue Öl- und Gasbohrmieten Offshore in Bundesgewässern zurückweisen. Eine geplatzte Pipeline spuckte 2015 über 100.000 Gallonen Rohöl auf die biologisch vielfältige und unberührte Gaviota Coast, westlich von Refugio State Beach in der Nähe von Santa Barbara, Kalifornien, mit geschätzten 21.000 Gallonen bis zum Wasser. Der Refugio-Spill tötete Hunderte von Meereslebewesen, schloss wochenlang beliebte Strände und schloss die Fischerei für 138 Quadratmeilen, was die kommerziellen und Freizeitangler der Gegend schwer traf. Die katastrophale Explosion und Verschüttung der Deepwater Horizon hat 11 Menschenleben gefordert und 2010 im Golf von Mexiko Schäden von mehr als 17 Milliarden Dollar verursacht. Lasst uns kein weiteres Desaster riskieren. Jetzt ist NICHT die Zeit, Sicherheitsstandards zurückzusetzen und hart umkämpfte Schutzmaßnahmen aufzugeben. Vertreter aus Kalifornien haben Maßnahmen ergriffen, um sicherzustellen, dass unsere Staatsgewässer nicht bis zu drei Meilen vor der Küste vordringen. Gewählte Beamte aus anderen Staaten, einschließlich Oregon, Washington, Florida, New York, New Jersey, Massachusetts, Connecticut, Rhode Island, New Hampshire, Delaware, Maryland, Virginia, North Carolina und South Carolina haben auch starken Widerstand gegen Offshore-Bohrungen in Bundesgesetzen laut Wasser, das als Angriff auf die jeweilige lokale Wirtschaft, Souveränität und unsere unschätzbaren natürlichen Ressourcen angesehen wird. Wir müssen uns nicht zwischen einer geschäftigen Volkswirtschaft und sauberen, sicheren und gesunden lokalen Umgebungen entscheiden. Wir können beides haben. Der Erfolg von Meeresschutzgebieten entlang der kalifornischen Küste beweist, dass intelligente Investitionen, die unsere Umwelt schützen, der Fischerei und dem Tourismus zugute kommen und gleichzeitig ökologische Lebensräume erhalten bleiben. Die Trump-Regierung ignoriert den Willen des Volkes und geht jetzt einseitig auf Kosten der Umwelt zugunsten der Industrie vor. Wir können es nicht zulassen. Grüße https://www.petsexpert.ch

  8 of 100 Signatures

  Created by Vinceslav Digriz
• Divest West Midlands Pension Fund From Fossil Fuels

  Climate change is already causing massive destruction around the world. For the sake of all of our futures, we need to move away from fossil fuels and begin the transition to a clean and just energy economy, now. Many of the fossil fuel companies that West Midlands Pension Fund invests in have a poor environmental record, including ExxonMobil. ExxonMobil, the world's largest oil company, spilled 11 million gallons of oil off the coast of Alaska and plans to drill in the Russian Arctic with Rosneft. BP, another West Midlands Pension Fund investment, was responsible for the largest environmental disaster in U.S. history, the Deepwater Horizon oil spill on the Gulf of Mexico. Fossil fuel companies are also highly overvalued due to the assumption that all of their reserves will be burnt. But as policy catches up to climate realities, this overvaluation means there’s a multi-trillion dollar “carbon bubble” that’s poised to burst. This will greatly effect the value of our pensions if West Midlands continues to invest in fossil fuels. We know that 80% of current fossil fuel reserves must stay in the ground to prevent runaway climate change. We must act now!

  552 of 600 Signatures

  Created by Kay Edwards
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  Divest Lothian

  We all deserve a future worth retiring for, but fossil fuels threaten that future, both here in the Lothians and around the world. It's time for the Lothian Pension Fund to make a strong commitment to sustainability. Scientists are clear that the burning of fossil fuels - coal, oil and gas - is the main driver of warming around the world, the effects of which can already be seen in hurricanes in the Caribbean, wildfires in the US and Europe and catastrophic flooding in Asia. More warming will cause increasing devastation. The Lothian Pensions Fund invests £153 million in fossil fuel companies like BP and Shell, whose business plans, and the valuations of their shares, are based on a world which continues to warm. Efforts to tackle climate change, such as banning fracking and phasing out fossil fuel-powered cars, make the future for fossil fuel companies more risky. The Governor of the Bank of England has warned that the "vast majority of [fossil fuel] reserves are unburnable" if climate change is to be limited to safe levels as pledged by the world's governments. By investing in the companies most responsible for climate change funds risk significant losses, fail to protect members' best interests, and miss an opportunity to take leadership on sustainability. By committing to divest, the Lothian Pension fund would join responsible investors including the Cities of New York and Paris. Over twenty Scottish MPs, including Ian Blackford, Christine Jardine and Ian Murray, have also supported disinvestment of their own pension fund.

  21 of 100 Signatures

  Created by Susan Hamilton
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  Divest Camden

  We believe divestment from fossil fuels to be not only ethically and environmentally correct, but also financially prudent. We are very aware of the importance of and legal obligation to secure the highest possible returns, and believe divestment to provide this in the post Paris Climate Agreement world. The committment to maintaining global temperature rise well below 2 degrees, in line with the agreement, would see much of the current assetts of fossil fuel companies becoming stranded. This has been supported by various financial institutions, including the Bank of England. Camden Council has a proud history of divesting from the apartheid regime in South Africa, and considering the significant size of its fossil fuel investments (£50 million), could honour this heritage through securing a divestment committment that would resonate on a national scale.

  404 of 500 Signatures

  Created by Susan Poupard
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  Let's renew the Politecnico di Milano - stop fossil fuels!

  We want that our university, the most important eningeering university in Italy, to focus (during our education) most on renewable energy, not only on fossil fuels energy. Now the biggest part of the education program is based on "traditional" sources of energy, such as gas and coal. We need to teach to the future of our Country the importance of the renewable energy! As signed in Paris in 2015, we MUST change our vision of energy for the future. We ask to the Politecnico di Milano to increase the time and the quality of the renewabe energy teaching. We are the future, and we demand to teach the future in our university. 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.

  87 of 100 Signatures

  Created by Michele Argenta
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  Hertfordshire County Council: Divest from fossil fuels

  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/

  401 of 500 Signatures

  Created by Gwen Buck
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  Divest Strathclyde Pension Fund from fossil fuel investments

  Fossil fuels - coal, oil and gas - are the main drivers of climate change. In order to keep climate change at bay, we need to halt our extractions of fossil fuels, and must break our public institutions' financials ties with the fossil fuel industry. During the 21st Conference of the Parties (COP21), in Paris in December, 2015, 196 Nations agreed to keep global warming well below 2°C and attempt to “limit the temperature increase to 1.5 degrees”. This is a turning point for the energy industry since fossil fuels will need to be phased out, and there needs to be a shift towards clean energy in order to achieve the target of zero net emissions by 2050. The outcome of the Paris agreement has thus drawn a critical line for the fossil fuel industry: to prevent a temperature rise over 2°C, 80 % of existing fossil fuel reserves MUST stay underground. Currently, Strathclyde Pension Fund (SPF) holds almost £20 billion in total investments, of which over £802 million are currently invested into the fossil fuel industry. [1] It delivers to over 222,0000 members and more than 180 organisations from 12 local authorities that are included in the former Strathclyde Area. The SPF has stated that their ‘"traditional approach to responsible investment has been, by and large, top-down - ensuring that environmental, social and corporate governance (ESG) concerns in our portfolios are recognised and addressed". Yet, the fund is still deeply invested in the main drivers for climate change and social injustice. We call on SPF's immediate freeze of new investments into fossil fuel industries as well as divestment of all current holdings in it. By doing so, SPF would show their ethical and financial responsibility to their members and join 852 public institutions and councils across the world, including Derby, South Yorkshire and Oxford City Councils, Monmouthshire County Council, the City of New York, the Universities of Glasgow, Edinburgh, UWS and Glasgow Caledonian, The British Medical Association and the Norwegian Sovereign Wealth Fund. [2] As the environmentalist, Bill McGibbon, says: "If it’s wrong to wreck the planet, then it’s wrong to profit from that wreckage." Thank you for your support, and please share this petition to allow for more people to sign. [1] https://foe.scot/resource/councils-fuelling-fire/ [2] https://gofossilfree.org/divestment/commitments/ [3] https://gofossilfree.org/do-the-math-fossil-fuel-investments-add-up-to-climate-chaos/

  283 of 300 Signatures

  Created by Fossil Free Glasgow
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  CAMBRIDGE UNIVERSITY, DIVEST FROM FOSSIL FUELS

  Fossil fuel companies’ current reserves of oil, coal and gas hold 5 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 £5.2 billion in fossil fuel companies (1). The University of Cambridge and Colleges have an overall endowment that equates to almost £5 billion (Ibid.). Without an ethical policy (unlike universities such as Oxford, UCL and St. Andrews), this money is invested in companies without consideration of their catastrophic environmental impact. At a global and local level, the impacts of these investments contradict the University’s positive contributions to society, through research and education. Over the past two years the global divestment movement has shown the very real path to a sustainable, fossil-free future. Regarding fossil fuels, the divestment campaign is the fastest growing climate justice campaign in history. So far, $2.6 trillion has been divested from fossil fuels by 456 institutions (Ibid.). It is recognised across the world that global temperatures must remain no more than 2°C higher than in pre-industrial times if climate change is not to destroy our entire way of life (Ibid.). For this to happen, study after study has demonstrated that 80% of currently known fossil fuel reserves must remain in the ground (Ibid.). This view is endorsed by mainstream elements of society, from Mark Carney, the governor of the Bank of England, to the United Nations. Companies like BP and Shell – and the University’s investments in them—are not part of a sustainable future, no matter how they, or the University, might pretend otherwise. Small investments in renewables are far outweighed by the catastrophic impacts of continued oil extraction. In universities around this country and the world, divestment is denying these companies their moral acceptability – Cambridge needs to catch up. In the University’s “Dear World...” Campaign, it has positioned itself as the driving force for a better future. If it wants anyone to respect that, it needs to demonstrate moral leadership and distance itself from the fossil fuel industry. Fortunately, the working group on investment recently set up by the University presents the perfect opportunity, just a month before the historic climate summit in Paris. All moral and financial arguments point to the same thing – divestment from fossil fuels. References: (1) People and Planet (2013). Knowledge and Power: Fossil Free Universities Report. https://peopleandplanet.org/dl/fossil-free/knowledge-power-report.pdf

  2,405 of 3,000 Signatures

  Created by Zero Carbon Cambridge
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  Divest Brent Council from Fossil Fuels

  We believe divestment from fossil fuels to be not only ethically and environmentally correct, but also financially prudent. Climate change is the greatest challenge humanity has encountered. The 20 hottest years on record have all occurred since 1981 and 2016 was the hottest ever [1]. Higher average temperatures are directly linked to extreme weather events such as heat waves, droughts, floods and storms. Scientists have unanimously concluded that these changes are a consequence of human activity, arising from the burning of fossil fuels [2]. Moreover, this activity has resulted in unprecedented levels of air pollution, now regarded as a major world killer [3]. In a speech at Lloyd’s of London in September 2015, Mark Carney, Governor of the Bank of England said that by the time ‘climate change becomes a defining issue for financial stability, it may already be too late’. Carney warned investors that policies to address climate change ‘would render the vast majority of reserves ‘stranded’ – oil, gas and coal that will be literally unburnable’ [4]. In order to continue developing fossil fuel reserves – particularly in the difficult areas where the remaining reserves are located (including the Arctic, the mouth of the Amazon and tar sands in sensitive areas) the developing companies need investment – divestment is a way of cutting off the funds needed to carry out these damaging activities. It also sends a powerful signal to the companies and others that it is time to move away from fossil fuels towards renewable energy. References: [0] http://tinyurl.com/lmskfgk [1] http://tinyurl.com/y9tkm4sn [2] http://tinyurl.com/3e3zv [3] http://tinyurl.com/pqgdd5q [4] http://tinyurl.com/ycspl5sg

  363 of 400 Signatures

  Created by Simon Erskine