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  • Alumni Call for Lady Margaret Hall, Oxford, to Divest from Fossil Fuels
    Investments are a statement about how an institution sees the future. While LMH remains invested in fossil fuels, it aligns its financial interest with, and endorses the behaviour of, the most destructive industry on the planet. Such a practice is inconsistent with LMH's reputation as a pioneer in social justice: we are the college that ended the exclusion of women at Oxford in 1878 and established the innovative Foundation Year in 2017 to address equality of representation at Oxford. It is time for LMH to acknowledge climate change as the issue of our era, a driver of both environmental destruction and global inequality. It is time for LMH to stop profiting from the causes of climate change. In the past, LMH has taken a stance on issues such as tobacco through its investment decisions, and edited its Statement of Investment Principles in May 2017 to include a provision that allows ethical concerns to guide its decision making. The stage is set for LMH to act on climate change, to lead as the first Oxford institution to do so, and to join hundreds of other institutions around the world that have already divested from fossil fuels. Oxford scholars are at the forefront of research on the impacts of climate change, and were lead authors of the latest Intergovernmental Panel on Climate Change (IPCC) report - the global authority on climate science. The report made clear that 80% of known fossil fuel reserves must remain unburned to stay below the critical threshold of two degrees of global warming. Fossil fuel companies continue to disregard this scientific consensus. They are committed to burning 100% of their reserves, are actively exploring for more in ever more extreme environments, and are lobbying extensively to block meaningful action on climate change. Leading actors in the financial sector acknowledge that fossil fuel investments are increasingly risky, given that known reserves will become ‘unburnable’ in a carbon constrained world. This work is being championed by Oxford Smith School’s own ‘Stranded Assets’ programme. We may already be seeing the influence of the IPCC research on the oil market: a recent report by Deutsche Bank suggested that last year’s drop in oil prices was driven by growing consciousness of a carbon budget and political momentum. By divesting from fossil fuels, LMH can adopt the best investment practice both ethically and financially, act for the future of its scholars and alumni, and add its weight to the political momentum that is already undermining the industry. As LMH alumni and donors, we urge our alma mater to take action on climate change and divest from fossil fuels.
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    Created by Julia Peck
  • Libérons Sciences-Po de l'industrie fossile!
    (english below) Toutes celles et ceux qui, comme nous, ont moins de trente ans, n’ont pas vécu un seul mois dont les températures mondiales étaient en-dessous des moyennes saisonnières. Nous vivons un état d’urgence climatique. L’Institut d’Études Politiques de Paris a une responsabilité morale importante dans la lutte contre le dérèglement climatique. Pourtant, les liens tissés par notre université et les entreprises fossiles (partenariats, mécénat, dons, investissements des fondations, etc.) contribuent à légitimer le coeur de leur activité climaticide. Notre université ne peut pas d’un côté prétendre former les leaders de demain pour la construction d'une société plus juste et durable, et de l’autre soutenir une industrie qui s’emploie à rendre la planète inhabitable. Le constat est clair : nous devons laisser 80 % des réserves de combustibles fossiles sous terre pour « poursuivre les efforts pour limiter la hausse des températures à 1,5 °C » comme la communauté internationale s’y est engagée lors des Accords de Paris. 200 entreprises détiennent près de cinq fois plus de carbone dans leurs réserves que ce que le monde peut se permettre de brûler tout en restant dans une zone de sûreté climatique. Pourtant, les grandes entreprises du secteur ne perçoivent pas ces gisements comme la véritable bombe climatique qu’ils sont. Elles y voient plus volontiers une opportunité de croissance et de profits. Tout en obstruant le processus politique, elles sont déterminées à extraire toujours plus de combustibles fossiles et injectent des milliards dans la recherche de nouveaux gisements, plutôt que dans le soutien à une transition nécessaire vers les énergies renouvelables. C’est pourquoi nous appelons Sciences Po à rompre tous les liens l’unissant à une industrie qui contribue à compromettre notre futur. En clair : désinvestissons et sortons le carbone de l’éducation. La destruction du climat ne se fera ni en notre nom, ni avec notre argent ; l’argent doit être investi dans les solutions, et non dans le problème. Nous demandons à notre université la transparence sur leur lien financier qu’elle entretient avec l’industrie fossile, et de mettre fin à tout soutien financier avéré en l’excluant des portefeuilles d’investissements auxquels Sciences Po est lié. Nous lui demandons également de mettre un terme à ses partenariats avec les entreprises fossiles : nous n’acceptons pas que notre université brade son image et sa respectabilité à l’industrie fossile qui s’en sert en retour pour légitimer son activité et s’offre à bas coût un blason d’acceptabilité sociale. *https://docs.google.com/spreadsheets/d/1QgU9VN23JaNh2B0pb9eoHM5EMozsznaojpIulQuljDg/edit#gid=663041172 ----------------------------------------------------------------------------------------- To all people who, like us, are younger than 30 years old, and have always lived in a world with temperatures above seasonal averages: we are living in a perpetual state of climate emergency. The Political Science Institute (IEP) has a moral responsibility in the fight against climate change. Our school cannot purport to train tomorrow’s leaders for a more just and sustainable world while continuing to support the fossil fuel industry, which is making our planet uninhabitable. The conclusion is clear: we must leave 80% of fossil fuel reserves in the ground in order to keep global warming “well below 2°C compared to pre-industrial levels” and “continue efforts to limit the rise in temperature to 1.5°C,” as the international community agreed with the Paris Accords. To guarantee a sustainable future, we must put an end to the fossil fuel era now! Two hundred companies* own a large majority of proven coal, oil, and gas reserves. These reserves hold almost five times more carbon than what the world can afford to burn if we are to stay within a climatically stable range of warming. Yet this sector’s big companies do not perceive these deposits as the ticking climate bomb that they are. Instead, they see an opportunity for growth and profit. They are determined to extract more and more fossil fuels, and inject billions of dollars in the search for new deposits, rather than supporting the necessary transition towards renewable energy. This is why we are asking Sciences Po to cut all ties with an industry which is contributing to putting our future in peril. In sum: divest, and free education from fossil fuels. The climate’s destruction will not happen in our name, or with our money. This money should be invested in solutions, rather than the problem itself. Our university must withdraw its financial and moral support from fossil fuel companies, exclude them from its investment portfolio, and terminate all partnerships with the industry. We can no longer accept that our university lends its image and respectability to the fossil fuel industry, which in turn uses Sciences Po's clout to legitimize its own activities, and thereby secures social acceptability at low cost. *https://docs.google.com/spreadsheets/d/1QgU9VN23JaNh2B0pb9eoHM5EMozsznaojpIulQuljDg/edit#gid=663041172
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    Created by Sciences Po Zéro Fossile
  • Calling On Falmouth University To Commit To Never Invest In Fossil Fuels
    At 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!
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    Created by Conor Cowden
  • San Francisco State University: Go Fossil Free!
    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 $50bn 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. As public pressure to confront climate change builds, we call on San Francisco State University to immediately freeze any new investment in fossil-fuel companies, and to divest within five years from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds. We believe such action on behalf of SF State will not only be a sound decision for our institution's financial portfolio, but also for the wellbeing of its current and future graduating classes, who deserve the opportunity to graduate with a future not defined by climate chaos.
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    Created by Andrew Hayes
  • Newham Council, Divest from Fossil Fuels
    The London Borough of Newham has multiple investments in the fossil fuel industry. Fossil fuels contribute to the rise of carbon dioxide (CO2) in the atmosphere. Scientists agree that we must reduce the amount of carbon dioxide in the atmosphere in order to halt excessive global warming. Climate change has already resulted in more instances of extreme weather, rising sea levels and melting ice glaciers. The Paris Climate agreement of 2015 committed to keeping the global temperature increase to below 2 degrees celsius (above pre-industrial levels). In order to honour this agreement, we must move the flow of finance away from fossil fuel industries, one of the highest contributors of carbon emissions. Taking money out of these companies will make it much more difficult for them to continue damaging the environment.
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    Created by Louis Martin
  • Fossil Free Lund University
    Fossil Free är en global kampanj för att flytta våra gemensamma tillgångar (skattepengar och andra resurser) från investeringar i olja, kol och gas. Det är inte många institutioner idag som placerar sina tillgångar i vapenindustrin - det är helt enkelt betraktat som omoraliskt. Människor håller med varandra om att vapen inte är okej att stödja. Det vi nu insett är att även olja, kol och gas kan ses som vapen: Vapen riktade mot oss, klimatet och vår framtid. Är det då verkligen moraliskt att ha sina pengar placerade i en industri som utsätter oss alla för fara, en industri som bevisligen spenderar miljarder årligen på att genom lobbyism och klimatskeptiska tankesmedjor förhala all politisk handling riktad mot en förnybar omställning? "If it's wrong to wreck the climate, then it's wrong to profit from that wreckage!" Det finns även starka finansiella incitament för att divestera ur fossilindustrin. Vi har råd med absolut max en 2-gradig global medeltemperaturhöjning. För att hålla oss under 2 grader har vi råd att släppa ut max 565 gigaton koldioxid i atmosfären fram till 2050, detta enligt rapporten “Unburnable Carbon” från Carbon Tracker Initiative. Enligt samma rapport sitter dock fossilindustrin redan på gas-, kol- och oljekällor som vid utvinning och förbränning skulle orsaka utsläpp av 2 795 gigaton koldioxid. Utifrån detta kan vi räkna ut att 80% av befintliga fossila bränslen måste lämnas under jord, ifall vi vill bibehålla ett någorlunda stabilt klimat på jorden! Det innebär också att de pengar vi har placerade i dessa bränslen kommer att försvinna i tomma intet så snart alla inser att vi måste lämna 80% under jord - detta är en finansiell bubbla som förmodligen kommer att spricka inom en snar framtid. Inte vill väl vi förlora 80% av värdet på stora delar av våra tillgångar? Se gärna "Do the Math", en film som beskriver problematiken med att fossilindustrin ges fria tyglar (med stöd av våra pengar): http://vimeo.com/66066932 ENGLISH Fossil Free is an international campaign to move our common assets (tax money and other resources) from investments in oil, coal and gas. There are not many institutions today that invest in the weapon industry - it is simply regarded as immoral. People agree with each other about weapons is not okay to support. What we have realized, is that oil, coal and gas can be seen as weapons as well, weapons directed against us, the climate and our future. Is it then really moral to have ones money invested in an industry that puts us all at risk, an industry that evidently spends billions annually to procrastinate any political act directed against a renewable conversion, through lobbying and climate skeptic think tanks? "If it 's wrong to wreck the climate , then it's wrong to profit from that wreckage ! " There are also strong financial incentives to divest from the fossil industry. A 2 degree global temperature rise is the absolute maximum we can afford. To stay below 2 degrees , we can afford to emit maximum 565 gigatons of carbon dioxide in the atmosphere by 2050 , according to the report "Unburnable Carbon" from Carbon Tracker Initiative. According to the same report , the fossil industry already holds gas, coal and oil sources that would cause the release of 2,795 gigatons of carbon dioxide when extracted and incinerated. From this we can understand that 80% of existing fossil fuels must be left in the ground, if we want to maintain a reasonably stable climate on earth! It also means that the money we have invested in these fuels will disappear into nothing as soon as everyone realizes that we have to leave 80% in the ground - this is a financial bubble that will probably crack in the near future. We surely don't want to lose 80% of the value of much of our assets? The film "Do the Math" above is a movie that describes the problems associated with our financial support to the fossil fuel industry.
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    Created by Lisa Brand
  • Divest States of Jersey Funds from Fossil Fuels
    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 States of Jersey Common Investment Fund (CIF) manages the public funds of Islanders. It manages nearly £3 billion worth of assets, millions of which are direct investments in fossil fuel companies including BHP Billiton, ExxonMobil, BP, Rio Tinto and Shell [4]. 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, the States of Jersey will join New York City and 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 Jersey and beyond. So we ask that the States of Jersey, through the Minister for Treasury and Resources, to: - Immediately freeze any new investment in fossil fuel companies, including those made by externally managed and pooled funds. - Ensure pension options to employees are fossil free - 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 Sources: [1]http://bit.ly/1Cp61vN [2]http://bit.ly/1mLPo58 [3]http://bit.ly/1r2Y2Qb [4]https://www.gov.je/Government/Pages/StatesReports.aspx?ReportID=3466
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    Created by Ollie Taylor Picture
  • Lewis & Clark College: Go Fossil Free!
    Climate scientists agree that the record breaking weather events are being caused by increases in global temperatures (2). These temperature increases have largely been the result of carbon emissions from the burning of fossil fuels. 60-80% of the existing coal, oil, and gas reserves should be left unburned (3) in order to limit global warming to less than 2°C, as signed in the Paris Climate Agreement (4). Anything above this threshold drastically increases the risks of more climate disasters. We therefore call on Lewis & Clark College to immediately freeze any new investments in the most carbon intensive fossil fuel industries, especially those on the Carbon Underground 200’s list (5) of biggest oil and gas companies, and to divest within five years from direct ownership and from any commingled funds that include public equities and corporate bonds in these industries. With increased transparency and in collaboration with students, Lewis & Clark College should revise the Environmental Social and Governance (ESG) investment policy in order to meet these divestment goals. We believe such action on behalf of Lewis & Clark College will not only be a moral decision for the well-being of the planet, but also a sound decision for our institution's financial portfolio. The recent fluctuations in fossil fuel prices make these investments unreliable. The stocks themselves are also being overvalued; the fossil fuel industry is considering their aforementioned unburnable fossil fuels as assets, when in fact they are “stranded assets” under the goals of the Paris Agreement. Divestment from fossil fuels will have adverse financial effects on the industry and will encourage a larger cultural shift in which these investments themselves carry a powerful stigma. As more and more people continue to view coal, oil and gas negatively, through movements like divestment, this will pressure these fossil fuel companies to transition to clean energy. As of December 2016, 688 institutions worldwide have divested over five trillion dollars from fossil fuels (6). Lewis & Clark College, a pioneer of sustainability, should participate in this significant global movement. (1) https://www.lclark.edu/live/files/22998-list-of-managers-may-31-2016pdf (2) http://www.livescience.com/10325-living-warmer-2-degrees-change-earth.html (3) https://phys.org/news/2013-04-unburnable-fossil-fuels-investors-stranded.html (4) http://unfccc.int/paris_agreement/items/9485.php (5) http://fossilfreeindexes.com/research/the-carbon-underground/ (6) https://www.arabellaadvisors.com/wp-content/uploads/2016/12/ Global_Divestment_Report_2016.pdf
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    Created by Bruce Podobnik
  • Divest Derbyshire
    1. Derbyshire County Council Pension Fund has £290 million invested in fossil fuel industries, including Royal Dutch Shell, BP and Rio Tinto. Fossil fuel industries make up nearly 6% of the pension fund. 2. The pension fund affects over 170 employers in Derbyshire including Derbyshire County Council, all the borough and District Councils in Derbyshire [1]; Derby City Council; Chesterfield College; Derby College; Derbyshire Fire Authority; Derbyshire Police Authority; Peak District National Park Authority; University of Derby and a large group of smaller employers. 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. 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. [2] Whole ecosystems are threatened, and people's lives are at risk due to flooding, food and water insecurity, creating climate change refugees. [3] 4. In order to stop the global climate warming by 2 °C above pre-industrial levels and avert global catastrophe, 80% of all known fossil fuels must stay in the ground. [4] By removing investments in fossil fuel companies Derbyshire County Council will be showing its commitment to creating a healthy, sustainable future for both the people of Derbyshire and the planet as a whole. 5. There is also a financial argument to divest from fossil fuels. The need and growing political pressure to leave as much of our fossil fuels in the ground make the risk of stranded assets (worthless fuel stocks that regulation will prevent from being burned) very real. [5] At the same time it is becoming more expensive both to find and to extract the remaining fuel deposits, while, renewable energy technology is becoming more efficient and less expensive. [6]. Both of these factors create risks for investors. People and institutions that own shares in fossil fuel companies will see the value of their investments decrease. [7,8] 6. Institutions across the world including churches and universities, the Environment Agency [9] 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. [10] Let's see Derbyshire join them in making this small but impactful commitment. This petition is supported by the following Derbyshire organisations (in alphabetical order): Amber Valley Against Fracking; Calow Against Gas Extraction (CAGE); Chesterfield and District TUC; Chesterfield Climate Alliance; Clay Cross Against Fracking; Creswell Against Fracking; Derby Climate Coalition; Eckington Against Fracking; Glossopdale Transition Initiative; Melbourne Area Transition; Sustainable Edale; Sustainable Hayfield; Transition Belper; Transition Buxton; Transition Chesterfield; Transition Hope Valley; Transition Matlock; Transition New Mills. Transition Wirksworth; University of Derby Students’ Union. Please let us know if you would like your group to be added to this list. A hard copy of this petition can be downloaded from www.transitionchesterfield.org/divest-derbyshire/ Notes [1] Amber Valley Borough Council; Bolsover District Council; Chesterfield Borough Council; Derby City Council; Derbyshire Dales District Council; Erewash Borough Council;; High Peak Borough Council; North East Derbyshire District Council; South Derbyshire District Council [2] http://climate.nasa.gov/evidence/ [3] www.unhcr.org/pages/49e4a5096.html [4] www.bbc.co.uk/news/science-environment-30709211 [5] www.carbontracker.org/report/wasted-capital-and-stranded-assets/ [6] www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10957292/Fossil-industry-is-the-subprime-danger-of-this-cycle.html [7] www.theguardian.com/environment/2015/mar/03/bank-of-england-warns-of-financial-risk-from-fossil-fuel-investments [8] www.theguardian.com/environment/2015/oct/12/millions-wiped-off-uk-local-government-pensions-due-to-coal-crash-analysis-shows [9] www.eapf.org.uk/en/news-feed [10] http://gofossilfree.org/commitments/
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    Created by Lisa Hopkinson
  • Divest U of S
    Our University is 'dedicated' to sustainability and Indigenization, yet is invested in the fossil fuel industry. If we are actually committed to sustainability and building respectful and reciprocal relationships with Indigenous peoples and nations then the University would not be heavily invested in fossil fuel industries who benefit from the destruction of the planet. The University and the administration need to step up NOW, TODAY, and make a change. It's not good enough to be the second to last university in Canada who chooses to take climate action seriously. Students - Universities should be leaders in combatting the major social problems of our time – such as climate change and social justice – not continuing to prop up and support outdated, dirty fossil fuel energy that harms communities. Students are already leading; universities need to get on board! Divesting from fossil fuels creates an opportunity to reinvest in clean energy that strengthens communities and builds a 21st-century economy, creating good new jobs. Universities are supposed to be preparing us for our future, but instead, they’re contributing to its destruction; these hypocritical actions need to end. Remaining invested in fossil fuels puts a stain on our school’s reputation - will we be proud to be U of S alumni with a degree that is soaked in oil? Or could we be proud of our education, institution, and administrators who took a stand as climate leaders who lead the way? Faculty - We ask you to stand with us. You teach us about sustainability and climate change, the wrongs of wrecking the environment, the desperate need to build respectful and reciprocal relationships with Indigenous communities, yet work within an institution who says one thing but acts against those morals and values. Please stand with us - we want to see accountability from our institution and we ask you for your support.
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    Created by Jaylene Murray
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