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  • Durham University: Divest from Fossil Fuels
    At the moment Durham University has an investment policy that states that they won't invest in arms or tobacco companies. But no such policy against investing in fossil fuel companies exists. Carbon dioxide produced by burning fossil fuels results in the heating of the atmosphere. A rise of more than 2˚C in global temperatures is enough to put the world beyond the acceptable limits as outlined by scientists. Fossil fuel companies already have proven reserves of five times the amount needed to take us past this limit. At the moment the share price of fossil fuel companies is based on the idea that all the reserves held by fossil fuel companies will be burnt. This situation is of course not viable given the severely detrimental impact it will have on the environment. This disparity between the safely useable reserves and the proven reserves results in fossil fuel companies being not as safe a long-term investment as they are held up to be. Given the massive amounts of damage fossil fuel companies do to the lives of people around the world, the obvious environmental costs of the industry and the long term instability of fossil fuels as an investment, Durham University People & Planet Society are calling on the university to divest any money it has invested in fossil fuel companies and to add fossil fuels to the list of things in which it will not invest in the future.
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    Created by Durham University People and Planet Society Picture
  • Make the University of Leeds Fossil Free!
    To put the University of Leeds at the forefront of the global movement to reject our reliance on fossil fuels. To follow the successful example of the University of Glasgow, who have recently achieved a divestment policy. To achieve transparency, so that students (current and prospective) know where their money is going, and all members of the University know its position on environmental issues. From tar sands to Arctic drilling and hydraulic fracturing (or fracking) for shale gas - the fossil fuel industry is scraping the bottom of the barrel and causing huge environmental and human devastation in the process. Withdrawing our institutions’ financial and moral backing for this climate-wrecking industry is crucial to tackling climate change. For more information: http://peopleandplanet.org/fossil-free http://www.theguardian.com/environment/2014/oct/08/glasgow-becomes-first-university-in-europe-to-divest-from-fossil-fuels https://www.facebook.com/groups/pandpleeds/?fref=ts https://www.leeds.ac.uk/secretariat/documents/socially_responsible_investment.pdf
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    Created by Edie Boon
  • Fossil Free Merseyside Local Government Divestment Campaign
    Climate change is the biggest threat to the future of our global society. Research carried out by Bill McKibben and 350.org has identified that fossil fuel companies declared reserves far exceed the amount that can be safely burned if we are to limit Co² in the atmosphere to a level that will keep projected temperature rises to within 2°C. 2°C was the “safe” level of temperature rises agreed at the Copenhagen Climate talks and that figure was based on the overwhelming scientific consensus among climate scientists. To keep temperature rises below 2°C we need to limit the amount of Co² we emit and that means that 80% of the declared reserves of the largest 200 fossil fuel companies cannot be burned. Temperature rises above 2°C will have devastating consequences for people, societies and eco-systems around the world. There are moral reasons to divest. If business as usual means investing in an industry that will have devastating effects on future generations, this is an issue of inter-generational justice. There are financial reasons. The value of the companies is based on the fossil fuel reserves which are held and their potential future profits, and given that 80% of known reserves must stay in the ground the value of these shares is vastly overestimated. The value of the shares are expected to fall dramatically in future and if we don't act quickly our investments will make a loss as 'stranded assets' when the Carbon Bubble bursts. The Merseyside Pension fund currently has £198,897,000 directly invested in fossil fuel companies and another estimated £156,298,000 indirectly invested in commingled funds that include fossil fuel companies. This means in total the pension fund has £355,195,000 invested in fossil fuels. For more information about divestment please visit http://gofossilfree.org/uk/
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    Created by Edward Gommon
  • Stop University of Derby investing £1,579,677 in Fossil fuel industries
    Fossil Fuels have a devastating negative effect on the environment, as the production and the consumption contributes significantly to global climate change. They are responsible for the increasing amount of harmful chemicals such as carbon dioxide released into the atmosphere. We should be investing in renewable energy sources rather than directly supporting and funding corporations such as British Petroleum (BP), who are accountable for environmental disasters such The Deepwater Horizon Oil spill in the Gulf of Mexico in 2010. As an institute of Higher education how can we publicly support such corporations that attempt to green wash the facts?
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    Created by Saskia Taylor- Doyle Picture
  • Divest Aberystwyth University from fossil fuels
    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. We believe that our educational institutions should serve the public good and live up to their promises to tackle climate change. No UK university in their right mind would accept funding from or invest their funds in tobacco companies these days - it’s inconsistent with their research on cancer. The same holds true for fossil fuel companies causing climate change and yet most universities still do not recognise this. That’s about to change! 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.
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    Created by James Pickerin
  • DIVEST CITY AND COUNTY OF SWANSEA PENSION FUND FROM FOSSIL FUEL INVESTMENTS
    Climate change is the greatest challenge humanity has encountered, not just environmentally but also economically, morally and socially. In order to avoid the catastrophic consequences of climate change, global warming must not exceed 2°C which means 80% of known fossil fuel reserves must not be used. 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. 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 (http://www.theguardian.com/environment/2014/oct/13/mark-carney-fossil-fuel-reserves-burned-carbon-bubble) Institutions around the world including local government, universities and churches are pulling out of fossil fuels investments and moving towards a cleaner energy future. By divesting from fossil fuels, the City and County of Swansea Pension Fund 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 for it's citizens. In support of this movement we ask you to sign and share our petition. Thank you for your support
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    Created by Ellen Gibson
  • Swansea University: Divest from Fossil Fuels!
    The world in which the students of Swansea University are to graduate into is currently threatened by the reality of climate change. Already the world is suffering the effects of 1°C rise in global average temperatures. Last year, Arctic sea-ice cover had retreated to its lowest levels since the beginning of satellite records, and the average global sea level was 1.4in above the 1993-2010 average. The world is experiencing more severe draught, wildfires and flooding, which impact the world's poorest most severely; the World Health Organisation estimates that climate change is causing at least 140,000 deaths per year. The fossil fuel industry is unequivocally driving us towards a global climate crisis, and we will not keep dangerous climate change at bay without halting our extraction of fossil-fuels. The university has both a moral and a financial duty to its students to withdraw its investments from the fossil fuel industry. The moral case is clear: if it is wrong to wreck the climate, then it is wrong to profit from that wreckage. Furthermore, fossil fuels are a dangerous investment. The value of companies like Shell, BP and Chevron is based on the assumption that they will be able to dig up and sell their fossil fuel reserves. But if the world gets serious about stopping climate change, that would mean keeping 80% of proven fossil fuel reserves in the ground, and the assumption that forms the basis for these companies' value will be undermined. We call on Swansea University to lead the way on this issue, and protect the future of its students by divesting from the fossil fuel industry now.
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    Created by Swansea People and Planet
  • Make Cardiff University Divest From Fossil Fuels!
    From a Freedom of Information request, we learned that Cardiff University currently invests around two million pounds of its total endowment funds in the Fossil Fuel industry (Shell, BG Group, BHP Billiton etc). Divesting from this industry will withdraw moral support from the Fossil Fuel industry and show Cardiff University's support for a more sustainable future. Cardiff University has already divested from the Arms and Tobacco industry, and it has a number of world leading researchers working in sustainability. The Fossil Fuel industry has a disproportionate influence on government policy and independent institutions like universities through lobbying and funding. As Climate Change has been verified by 97% of climate scientists, (according to a recent IPCC report) it is essential to begin cutting political and economic ties with this industry, so that the democratic process has a chance to avert the catastrophe which we are heading towards. We are not powerless in the struggle to protect our planet from uncontrollable climate chaos, and we can use divestment as a way to send a strong political message through our institutions- including Cardiff University.
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  • Divest the Rest For a Fossil Free ANU
    UPDATE: ANU's divestment decision makes it a climate leader? Think again. Last year ANU attracted a torrent of community support, after it stood up to the divestment bullies. But the reality is ANU only sold shares in 7 resources companies, only 2 of which were in the fossil fuel industry. It held onto shares in the biggest and dirtiest oil and coal companies. As the climate crisis escalates, so does the global divestment movement. ANU should be a climate leader. But it has to earn it - time to Divest the Rest! Previously, we wrote: ANU is a recognised leader on sustainability research and teaching. It has numerous commitments to sustainable development, both on campus and in broader activities. So why on this threatened earth does ANU keep investing in coal, oil and coal seam gas? It's unacceptable and, frankly, embarrassing. But ANU can turn this around. It's time to show some leadership on this vital issue and become the first Australian University to go fossil free.
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  • Divest Canberra from Fossil Fuels
    The ACT has Australia's most ambitious targets for emissions cuts and growing the renewable energy of the future. So why on this threatened earth does it invest in the coal, gas and oil that undermines all its good work? It's a moral shame and a big financial risk. Canberrans expect more!
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