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[{"petition_id":"the-natural-history-museum-of-utah","id":14787,"query":"Utah Museum of Natural History, Wakara Way, Salt Lake City, UT, United States","latitude":"40.7641309","longitude":"-111.8227905","street":"Wakara Way","locality":"Salt Lake City","postal_code":"84108","country":"US","region":"UT","warning":null,"created_at":"2015-08-30T15:48:50Z","updated_at":"2018-07-19T21:16:56Z","extras":{},"street_number":"301","venue":"","ngp_van_external_ids":{},"static_map_file_name":"14787-static-map.png","static_map_content_type":"image/png","static_map_file_size":232735,"static_map_updated_at":"2018-07-19T21:16:56Z"},{"petition_id":"divest-qmul-from-fossil-fuels-1","id":22280,"query":"Queen Mary University of London, Mile End Road, London, United Kingdom","latitude":"51.526806","longitude":"-0.039713","street":"","locality":"London","postal_code":"E1","country":"GB","region":"England","warning":null,"created_at":"2016-02-12T11:07:00Z","updated_at":"2018-07-19T21:20:08Z","extras":{},"street_number":"","venue":"","ngp_van_external_ids":{},"static_map_file_name":"22280-static-map.png","static_map_content_type":"image/png","static_map_file_size":275270,"static_map_updated_at":"2018-07-19T21:20:08Z"},{"petition_id":"divest-loyola","id":6276,"query":"Loyola University New Orleans, Saint Charles Avenue, New Orleans, LA, United States","latitude":"29.9510658","longitude":"-90.0715323","street":"","locality":"New Orleans","postal_code":"","country":"US","region":"LA","warning":null,"created_at":"2014-09-30T07:58:26Z","updated_at":"2018-07-19T21:14:18Z","extras":{},"street_number":"","venue":"","ngp_van_external_ids":{},"static_map_file_name":"6276-static-map.png","static_map_content_type":"image/png","static_map_file_size":154769,"static_map_updated_at":"2018-07-19T21:14:18Z"},{"petition_id":"hertfordshire-county-council-divest-from-fossil-fuels","id":15905,"query":"Hertfordshire, United Kingdom","latitude":"51.8097823","longitude":"-0.2376744","street":"","locality":"","postal_code":"","country":"GB","region":"England","warning":null,"created_at":"2015-09-22T07:00:57Z","updated_at":"2018-07-19T21:17:23Z","extras":{},"street_number":"","venue":"","ngp_van_external_ids":{},"static_map_file_name":"15905-static-map.png","static_map_content_type":"image/png","static_map_file_size":149993,"static_map_updated_at":"2018-07-19T21:17:23Z"},{"petition_id":"virginia-commonwealth-university","id":1067,"query":"Virginia Commonwealth University","latitude":"38.3242649","longitude":"-77.47766","street":"Commonwealth Pl","locality":"Falmouth","postal_code":"22405","country":"US","region":"VA","warning":null,"created_at":"2013-04-19T20:32:26Z","updated_at":"2018-07-19T21:11:49Z","extras":{},"street_number":"","venue":"","ngp_van_external_ids":{},"static_map_file_name":"1067-static-map.png","static_map_content_type":"image/png","static_map_file_size":222068,"static_map_updated_at":"2018-07-19T21:11:49Z"},{"petition_id":"go-fossil-free-uni-freiburg-keine-investitionen-in-fossile-und-nukleare-energietrager","id":10440,"query":"Freiburg University, Freiburg, Germany","latitude":"47.993544","longitude":"7.84595","street":"Fahnenbergplatz","locality":"Freiburg im Breisgau","postal_code":"79085","country":"DE","region":"BW","warning":null,"created_at":"2015-06-25T11:12:46Z","updated_at":"2018-07-19T21:15:32Z","extras":{},"street_number":"","venue":"University of Freiburg","ngp_van_external_ids":{},"static_map_file_name":"10440-static-map.png","static_map_content_type":"image/png","static_map_file_size":257020,"static_map_updated_at":"2018-07-19T21:15:32Z"},{"petition_id":"divest-murdoch-university-from-fossil-fuels","id":1392,"query":"Murdoch University, South Street, Murdoch, Western Australia, Australia","latitude":"-32.0686354","longitude":"115.8329519","street":"South St","locality":"Murdoch","postal_code":"6150","country":"AU","region":"WA","warning":null,"created_at":"2013-05-19T06:21:38Z","updated_at":"2018-07-19T21:12:21Z","extras":{},"street_number":null,"venue":null,"ngp_van_external_ids":{},"static_map_file_name":"1392-static-map.png","static_map_content_type":"image/png","static_map_file_size":188318,"static_map_updated_at":"2018-07-19T21:12:20Z"},{"petition_id":"divest-southwark-council-s-pension-fund-from-fossil-fuel-investments","id":9755,"query":"160 Tooley Street, London, United Kingdom","latitude":"51.503428","longitude":"-0.0805526","street":"Tooley St","locality":"London","postal_code":"SE1 2HZ","country":"GB","region":"Gt Lon","warning":null,"created_at":"2015-04-21T18:54:44Z","updated_at":"2018-07-19T21:15:20Z","extras":{},"street_number":"160","venue":"","ngp_van_external_ids":{},"static_map_file_name":"9755-static-map.png","static_map_content_type":"image/png","static_map_file_size":262606,"static_map_updated_at":"2018-07-19T21:15:20Z"},{"petition_id":"islington-council-divest-from-fossil-fuels","id":14807,"query":"London Borough of Islington, United Kingdom","latitude":"51.5465063","longitude":"-0.1058058","street":"","locality":"","postal_code":"","country":"GB","region":"England","warning":null,"created_at":"2015-09-01T19:37:43Z","updated_at":"2018-07-19T21:16:56Z","extras":{},"street_number":"","venue":"","ngp_van_external_ids":{},"static_map_file_name":"14807-static-map.png","static_map_content_type":"image/png","static_map_file_size":151440,"static_map_updated_at":"2018-07-19T21:16:56Z"},{"petition_id":"a-call-to-divest-avon-pension-fund-from-fossil-fuels","id":8639,"query":"South Gloucestershire, North Somerset, Bath and North East Somerset, Bristol , United Kingdom","latitude":"51.454513","longitude":"-2.58791","street":"","locality":"Bristol","postal_code":"","country":"GB","region":"England","warning":null,"created_at":"2015-02-10T13:10:07Z","updated_at":"2018-07-19T21:15:00Z","extras":{},"street_number":"","venue":"","ngp_van_external_ids":{},"static_map_file_name":"8639-static-map.png","static_map_content_type":"image/png","static_map_file_size":226098,"static_map_updated_at":"2018-07-19T21:15:00Z"}]
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Fossil Free NHMUOver 54,000 people have signed on the national campaign asking 5 museums, of which the Utah Natural History Museum (UNMH) is one, to divest from fossil fuels. http://gofossilfree.org/museums/ This moment calls for leaders that are ready to do more than observe and curate history — it calls for leaders who are ready to help make it. We believe museums can be those leaders. The California Academy of Sciences in San Francisco, The Field Museum in Chicago, The Phipps Conservatory in Pittsburg, The London Museum of Science, and The Australian Academy of Sciences have already taking this important step of divestment. In addition to fossil fuel divestment growing internationally, www.BreakFree2016.org is a global project that is coordinating a global wave of escalated direct actions to stop some of the largest fossil fuel projects in the world. 2016 could be a turning point in the climate justice movement. Faculty and students at the University of Utah are ready for this moment and have been campaigning since 2012 to have the University of Utah to divest from fossil fuels: https://campaigns.gofossilfree.org/petitions/Fossil_Free_UUtah. In May 2015 the Academic Senate made the recommendation to create a policy that would support fossil fuel divestment and in March 2016 this recommendation was further supported with a timeline for September 2016: http://www.boarddocs.com/ut/uutah/asop/Board.nsf/files/A8JUX87A9B14/$file/Ad%20Hoc%20Re-Investment%20Dialogue%20Committee%20Report%20-%20March%202016.pdf This timeline will coincide with activists from around the world escalating pressure on global leaders to maintain a 2 degree limit in warming, keep 80% of the Fossil Fuels in the ground and create a just transition to renewables by 2050. We are prepared to celebrate divestment at the U of U or escalate our tactics along with www.breakfree2016.org. If you haven't read this Open Letter to Museums yet, please take a look and consider how urgent it is to create economic decisions that reflect our public sustainability missions: http://thenaturalhistorymuseum.org/open-letter-to-museums-from-scientists/485 of 500 SignaturesCreated by Ryan Pleune
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Divest QMUL from fossil fuelsClimate change is happening and it is harmful; very few people deny this nowadays. So why is it okay for QMUL and other universities and organisations, which are supposed to be setting an example to the younger generation, to profit from this damage? Too many UK universities support the fossil fuel industry directly through their research, their endowments and investments and their partnerships with some of the biggest fossil fuel companies in the world like BP and Shell. For this reason, UK students have decided to take on the fossil fuel industry by getting our universities to go Fossil Free. People & Planet is joining forces with the 350.org campaign that has been sweeping across North American campuses. By divesting, QMUL will join many universities, religious institutions and local governments across the world that have already committed. Only with a combined effort can we make a substantial dent in the financial support that fossil fuel companies require to survive. The response of QMUL to a Freedom of Information Act request last year proved that the university does have investments in fossil fuels. However, the university refused to specify how much money and in which companies. However, the response did inform us that a meeting took place last June to discuss the possibilities of divesting from fossil fuels. The decision was made to maintain current investments but now we known they have been considering it and they can't go back. Now we need to turn up the pressure and show them we mean business! Human health at risk As seen in the QMUL Ethical Investment Policy, Queen Mary is already committed to avoiding direct investment in any company whose business activity is tobacco products, reasoning that the College seeks to promote good health through its School of Medicine and Dentistry. [1] This reasoning can also be applied to fossil fuel divestment because, as the 2015 Lancet Commission reads, climate change is “the greatest threat to human health in the 21st century”. [2] According to the World Health Organisation, from the years 2030 to 2050, climate change is expected to cause approximately 250,000 additional deaths per year by affecting determinants of health such as clean air, safe drinking water, sufficient food and secure shelter. [3] It is entirely conflicting to simultaneously promote good health through the medical school and invest in companies that damage the health of the world. The British Medical Journal has appealed to health institutions to divest and early victories from the British Medical Association, the University of Glasgow and the London School of Hygiene and Tropical Medicine show that what we ask is easily achievable and health institutions should stick together and set an example to the world. The guiding principle of ‘do no harm’ should be applied to the full range of activities that Barts and the London and QMUL are involved in. Finances at risk The ethical investment policy also states that “taking ethical and environmental considerations into account in an investment decision will enhance the returns available in the long term”. [1] it is now apparent that investments in fossil fuel companies are not sustainable. The share prices of coal, gas and oil companies depend on the value of known carbon reserves. Considering that countries have agreed to limit global warming to 2°C, 80% of known carbon reserves will have to remain in the ground; [4] “the majority of the world’s reserves are unburnable” says Mark Carney, Governor of the Bank of England. Fossil fuel assets pose a serious vulnerability to the stability of the financial system in the carbon-constrained world of the future. QMUL is therefore exposing itself to major financial risk by continuing to invest the school’s endowments in fossil fuels. The Environmental Policy of QMUL says “the College is committed to the principles and practices of environmental protection and environmental sustainability across all areas of activity, with College-wide involvement and responsibility”. [5] It is apparent that many official policies of QMUL would converge on a commitment to divest from fossil fuels yet so far no such action has been taken. From Canada’s dirty 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. References: [1] http://www.arcs.qmul.ac.uk/docs/policyzone/118943.pdf [2] http://www.thelancet.com/journals/lancet/article/PIIS0140-6736(15)60854-6/abstract [3] http://www.who.int/mediacentre/factsheets/fs266/en/ [4] http://www.nature.com/nature/journal/v517/n7533/abs/517150a.html [5] http://www.qmul.ac.uk/about/sustainability/Documents/80817.pdf779 of 800 SignaturesCreated by Dominic Dee
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Divest Loyola From Fossil FuelsClimate change is accelerating, and we here on the Louisiana Gulf Coast are already feeling its impact. Louisiana coastal wetlands are eroding at the rate of one football field per hour as sea levels rise. Oil drilling in the gulf contributes to this land loss. The most recent National Climate Assessment report warns that Louisiana will see billions of dollars in increased disaster costs as early as 2030. This is the effect of a rise in global temperatures attributed to the burning of fossil fuels. According to the United Nations coalition of scientists, in order to prevent a global climatic catastrophe, no more than one-third of the earth’s carbon reserves owned by fossil fuel companies and governments can be extracted from the earth. Although aware of this fact, major fossil fuel companies continue to extract fossil fuels. These fossil fuel emissions disproportionately impact people of color, indigenous communities, and low-income neighborhoods. Through its investments in these companies, Loyola is supporting their efforts and injustice. Loyola students who pay tuition, as well as its donors are unwitting accomplices in perpetuating the social injustices that arise from climate change. Divesting is an ethical obligation for our community, and the future of our planet.379 of 400 SignaturesCreated by Pierce Nordone
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Hertfordshire County Council: Divest your funds invested in fossil fuel industriesMore CO2 in the atmosphere means more extreme weather events that could leave millions of people displaced from their homes. Our government committed to a legally binding climate deal to help prevent this. It's time to break free from fossil fuels and invest in clean energy, for everyone's future. 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/1,080 of 2,000 SignaturesCreated by Gwen Buck
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Divest VCU for Climate JusticeBecause our economy is not going to shift its dependency away from the fossil fuel industry without a push. Because Fossil fuel divestment would be a globally impactful, symbolic action for our university to take against the destruction that fossil fuels are causing right now and will continue to. Because VCU students deserve the opportunity to graduate with a future not defined by climate chaos.450 of 500 SignaturesCreated by Arlo Baker
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Go fossil free Uni Freiburg! Keine Investitionen in fossile und nukleare Energieträger!Um die Erderwärmung in den kommenden 90 Jahren auf 2°C zu beschränken, dürfen bis zum Jahr 2050 noch höchstens 565 Gt. CO2 ausgestoßen werden, dies bedeutet dass 80% der heute bekannten Fossilien Reserven unter der Erde bleiben müssen!! Selbst wenn dieses Ziel erreicht würde, hätte das immer noch weitreichende Folgen für alle Lebewesen auf diesem Planeten. Dennoch führen die Rohstoffkonzerne täglich die Suche nach weiteren Quellen fort und streichen Gewinne in Milliardenhöhe ein, während sie sukzessive unseren (einzigen!) Planeten zerstören. Und zahlreiche Investoren profitieren mit. Wir, die Fossil Free Gruppe Freiburg sind Teil einer weltweiten Bewegung, welche Institutionen zum desinvestieren bringen wollen. Damit die fossile Brennstoffindustrie nicht mehr unterstützt wird und ihnen der Geldhahn zugedreht wird. Schon 830 Institutionen weltweit machen mit, also haben sich verpflichtet die Investments aus fossilen Energieträgern abzuziehen – zu desinvestieren. 50 Milliarden US-Dollar wurden bisher desinvestiert. Große Universitäten wie die Stanford University und die University of Glasgow, sowie Städte, Kirchen, etc. machen mit bei der am schnellsten wachsenden Desinvestment Kampagne der Geschichte! Die Uni Freiburg kann als eine der vermögendsten und in vielen Bereichen führenden Universitäten in Deutschland eine Vorreiterrolle einnehmen. Als „DIE Nachhaltigkeits-Uni“ (Zitat: Rektor Schiewer, bei der Begrüßungsrede zum Freiburger Winterkolloqium am 29.1.2015) sollte sie ihrem selbstgewählten Titel auch gerecht werden. Daher fordern wir die Universität Freiburg dazu auf sich der weltweiten Fossil-Free-Bewegung anzuschließen und nicht in fossile und nukleare Energieträgern zu investieren. „Wenn es falsch ist, das Klima zu zerstören, dann ist es auch falsch von dieser Zerstörung zu profitieren.“866 of 1,000 SignaturesCreated by Nina S.
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Divest Murdoch University of Fossil FuelsWe have reached a landmark moment in history. For the first time in over 5 million years the concentration of CO2 in the atmosphere has reached 400 parts per million (ppm). 97 % of all climate scientists agree that climate change is human induced and argue that the highest safe concentration of CO2 in the atmosphere is 350 ppm. If we want to secure a safe and livable future it is time to end the fossil fuel era and invest in renewable energy and sustainable lifestyles. By demanding that our local community divests from this destructive industry we are directly contributing to a better future within the framework of a larger, growing global movement. Another future is not only possible, it is urgent.437 of 500 SignaturesCreated by Madeleine Lundholm
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Divest Southwark Council’s Pension Fund from Fossil Fuel InvestmentsUPDATE: In December 2016 Southwark Council made a commitment to divest from fossil fuels. We are now working with them to follow through on this commitment. Climate change is the greatest challenge humanity has encountered. The 20 hottest years on record have all occurred since 1981 and 2014 was the hottest ever [2]. Higher average temperatures are directly linked to extreme weather events such as heatwaves, droughts, floods and storms. In the UK, January 2014 was the wettest in 250 years [3]. Scientists have unanimously concluded that these changes are a consequence of human activity, arising from the burning of fossil fuels [4]. Moreover, this activity has resulted in unprecedented levels of air pollution, now regarded as a major world killer [5]. In Southwark, over 100 people die prematurely each year owing to poor air quality [6]. If global warming is to have a chance of staying below a 2°C rise upon pre-industrial temperatures (a limit already considered dangerous), up to 80% of known fossil fuel reserves must be kept in the ground [7]. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control, taking us substantially over the 2°C limit [7]. Moreover, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions [8]. In addition, the fossil fuel industry has been a divisive influence in preventing meaningful legislation on climate change through their intensive lobbying of decision makers and funding of disinformation campaigns [9]. 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 these destructive activities and legitimising this action through their tacit support of fossil fuel companies. Southwark’s investments in fossil fuel companies The Southwark Pension Fund consists of £1.2 billion worth of assets [10]. Based on publicly available metrics and the 2014/15 annual report for the Pension Fund, we have conservatively determined that at least £60.6 million pounds within this fund is invested in fossil fuel companies, including: Shell, BP, BHP Billiton, Exxon Mobil, Chevron and Total [10,11]. A recent authoritative financial analysis has demonstrated that across more than 6,000 pension and hedge funds, investors who divested from fossil fuel companies would have earned a 1.2% greater average return since 2010, when compared to conventional investors [12]. Moreover, in the long term these fossil fuel investments will become increasingly unprofitable as the cost of extraction and international treaties restrict the use of fossil fuels [7]. Not only does it make moral sense not to invest in the destruction of our planet, it is also financially prudent. Aligning Southwark’s investments with its values Southwark Council have been exemplary in supporting environmentally sustainable practices. For example, the borough has the highest percentage of Eco-Schools of any local authority in England [13] and in 2010 was awarded £4.35 million for a cavity wall insulation project in 5,000 council homes to both alleviate fuel poverty and reduce energy consumption [14]. Southwark Council has committed to reducing borough wide CO2 emissions by 22.4% by 2020 and 80% by 2050 and states “that energy should be supplied as much as possible from renewable sources on-site or locally. This is less wasteful and will reduce our reliance on remote sources of energy, including imported oil and gas” [15]. Continuing to invest in the fossil fuel industry contradicts the positive steps taken by Southwark Council to lower its environmental impacts. Southwark residents are at risk of climate change, including an increased risk of flooding and elevated levels of air pollution [16], as well as damage to the London economy [17]. It is illogical to allow pension funds to endanger those whose futures they seek to protect. The London Assembly recently passed a motion in favour of divestment and by divesting from fossil fuels, Southwark will join forward thinking institutions, including The British Medical Association, Glasgow University and City Councils such as Oxford and Bristol, amongst many others, in leading by example to help create a sustainable future for the citizens of Southwark and beyond. References [1] http://tinyurl.com/lmskfgk [2] http://tinyurl.com/n4dbbx8 [3] http://tinyurl.com/pw2c42v [4] http://tinyurl.com/3e3zv [5] http://tinyurl.com/pqgdd5q [6] http://tinyurl.com/m2pxrx2 [7] http://tinyurl.com/na7xywd [8] http://tinyurl.com/k5knzss [9] http://tinyurl.com/lswg6w7 [10] http://tinyurl.com/pezzajy [11] http://gofossilfree.org/uk/pensions/ [12] http://tinyurl.com/ls7vh24 [13] http://tinyurl.com/lzgwro4 [14] http://tinyurl.com/luwj97o [15] http://tinyurl.com/m5rlfwk [16] http://tinyurl.com/kttxfc5 [17] http://tinyurl.com/n467mgw1,014 of 2,000 SignaturesCreated by Tytus Murphy
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Islington Council: Divest from Fossil FuelsClimate change is the most pressing problem facing humanity. We want to protect this planet so it remains for our children and grandchildren. We can start by asking our local council to take its money out of fossil fuels - currently £59.5 million. Local government has a duty to act for the public good. Fossil fuels are in direct conflict with this: investing in them threatens the planet and poses a risk to investors. Financial research has called into question the valuations of fossil fuel companies as they rely on reserves which must remain unburned if we are to avoid catastrophic climate change. Islington Council should take a prudent economic decision and a moral stand by moving our money away from risky fossil fuel investments. Divestment from fossil fuels makes a powerful statement that the fossil fuel industry is morally and financially unviable, and that the people of Islington want a sustainable future.1,108 of 2,000 SignaturesCreated by Jen Cronin
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A CALL TO DIVEST AVON PENSION FUND FROM FOSSIL FUELSThere is strong evidence (1) that the impact on climate change of burning even the known reserves of fossil fuels will create an unsustainable environment for the generations to come, and untold suffering to countless living beings. This fact will impact negatively on the value of investments in the industries concerned with fossil fuel extraction. Using just the fossil fuel reserves listed on the world’s stock markets would be enough to take us beyond 2°C of global warming (2). This means that more than 80 per cent of the world's known coal reserves, 30 per cent of known oil and 50 per cent of gas reserves need to stay in the ground and drilling in the Arctic is out of the question if we're to stay below two degrees. Recent drops in the oil price add to the uncertainty surrounding fossil fuels and the financial viability of some extractions presenting opportunities to lessen our dependency on fossil fuels (3). In defiance of mainstream research evidence and international policy (4), fossil fuel companies continue to extract and burn as much carbon as possible to maximise their profits. Despite the very high probability of planetary disaster they show no intention of switching away from their core business model. Our local council has a responsibility to divest from an industry that’s destroying the very future for ourselves and for our children that personal investment in a pension seeks to enhance. Instead it should reinvest in solutions to climate change. We won’t see any political progress on climate change until we can weaken the power of the fossil fuel industry. Divestment for fossil fuel investments would also minimise the council's exposure to the financial risk of the 'carbon bubble', whereby shareholders risk being left with stranded assets (worthless fuel stocks that regulation will prevent from being burned). It is a paradox that pension funds providing income for the future should at the same time be investing in the fossil fuel industry which if left to its own devices will exploit more of the fossil fuel reserves than we can safely use! Institutions around the world including local government, universities and churches are pulling out of fossil fuel investments and moving towards a clean energy future (5) It's time to divest from fossil fuels and reinvest in clean energy now for inescapable moral and economic reasons. Bristol City Council have recently agreed to make a commitment to no direct investments in the fossil fuel industry and globally over 30 cities and municipalities have already committed to divestment. At present Bristol City Council’s funds are not directly linked to the fossil fuel industry. However, the Avon Pension Fund does have significant fossil fuel investments and so Bristol City Council would need to work with adjoining councils within the Avon Pension Fund to freeze and withdraw those investments. Shareholders (including pension funds) have started to challenge Exxon, Shell and BP to show how their business model is compatible with a 2 degree temperature rise (6). Some argue that engaging with fossil fuel companies is a more effective tactic than divestment. But Jonathon Porritt, one of the UK’s most esteemed environmentalists who spent years working on sustainability projects with BP and Shell, earlier this year said engagement was now futile because “hydrocarbon supremacists” at the companies had successfully ousted reformers wanting to diversify into green energy. Divestment, therefore, seems to be an unavoidable step to halting the damage and suffering which will ensue unless timely action is taken. 1 http://350.org/about/science/ 2 http://math.350.org/ 3 http://www.newscientist.com/article/mg22530043.100-over-a-barrel-falling-oil-prices-and-the-environment.html http://www.newscientist.com/article/mg22029415.700-an-oil-crash-is-on-its-way-and-we-should-be-ready.html#.VNI0c9kgGc0 4 http://www.ipcc.ch/ 5 http://zerocarbonbritain.org/index.php/zcb-latest-report 6 http://www.theguardian.com/environment/2015/jan/21/bp-challenged-confront-climate-change-risk-by-shareholders1,005 of 2,000 SignaturesCreated by richard lawrence