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University of Liverpool: Divest from Fossil FuelsThis is important because the University of Liverpool currently invests £12 million per year in the fossil fuel industry, which is 8% of their endowment. The time to reduce fossil fuel consumption is running out, and by not divesting, the University appears to be endorsing the actions of the fossil industry, and thereby failing to act on the issue of human-induced climate change. Climate change negatively affects the poorest most, and by not divesting from fossil fuels the University shows a callous disregard for the poorest populations and most vulnerable. The university is home to a leading institute for renewable energy research, yet they cannot actively be a world leader in green energy whilst funding the most polluting industry on earth. The students of this University clearly care about the environment and have created a movement within their Guild of Students to help implement a greener University (Green Guild). If this University wishes to abide by the active will of the student body, they will divest from this morally corrupt and ethically questionable industry without delay.170 of 200 SignaturesCreated by Joe Ferguson
Divest Oxfordshire from fossil fuelsOur local authority has a duty to look out for the public good. Fossil fuels are in direct conflict with the public good: investing in them poses a risk both to investors and to the planet. So Oxford City Council and Oxfordshire County Council should take a moral, political and economic stand against them by taking our money away from fossil fuel companies and putting it into investments that are less at risk from climate change legislation and more compatible with our values. Divestment from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Oxfordshire wish to support an alternative, sustainable energy future that will leave the planet in a shape that allows us, our children and grandchildren to live safely on it. Financial research has called into question the valuations of fossil fuel companies due to their reliance on reserves which may become unburnable if carbon legislation comes into effect.1,364 of 2,000 SignaturesCreated by Al Chisholm- Berkshire Pension Fund: Divest from Fossil FuelsIt is estimated that the Royal County of Berkshire Pension Fund has over 97 million pounds invested indirectly in fossil fuels. If fossil fuel companies extract and burn just 20% of the reserves they hold, this will cause catastrophic climate change (extreme weather, food shortages and conflict). The urgency of stopping climate change requires that we progressively stop burning fossil fuels now. It is irresponsible and immoral for public bodies and pension funds to invest in fossil fuel extraction companies and instead they should, where possible, direct investment into 'green energy' infrastructure.273 of 300 SignaturesCreated by Rob White
STOP Kent County Council Investing in Dangerous Fossil FuelsOur local authority has a duty to look out for the public good. Fossil fuels are in direct conflict with the public good:investing in them poses a risk to both investors and the planet. Kent County Council has £267488689 invested in fossil fuels. No challenge poses a greater threat to our future and future generations than climate change. We are already seeing more extreme weather events around the world, people being forced to migrate due to flooding or crop failure, and spring flowers blooming in the UK in November! Over 97% of scientists now agree that climate change is fuelled by the burning of fossil fuels (1). This causes problems both worldwide and within Kent, where we will see increasing areas of low lying land become prone to flooding. Institutions around the world including local government, universities and churches are pulling out of fossil fuels investments and moving towards a cleaner energy future. (2). It's now time to divest from fossil fuels and reinvest in a better future, Financial research has called into question the valuation of fossil fuel companies due to their reliance on reserves which would become unburnable if international carbon legislation comes into effect. Divestment from fossil fuels would minimise the council's exposure to the financial risk of the 'carbon bubble', whereby shareholders risk being left with 'stranded assets' (worthless fuels stocks that regulations will prevent from being burned.) Although KCC Statement of Investment Principles for the Superannuation Fund (3) states that 'the fund will not impose restrictions upon our external fund managers'....it later goes on to say that 'as a member of the Institutional Investors Group on Climate Change we will monitor developments on climate change and use the research undertaken to monitor and challenge our investment managers.' For the sake of future generations, the people of Kent and the whole planet, the time has now come to challenge these investment managers. 1.http://www.theguardian.com/environment/climate-consensus-97-per-cent/2013/may/16/climate-change-scienceofclimatechange 2.http://zerocarbonbritain.org/index.php/zcb-latest-report 3.http://www.kentpensionfund.co.uk/__data/assets/pdf_file/0015/32370/pension-fund-statement-of-investment-principles.pdf541 of 600 SignaturesCreated by Frances Long
DIVEST DYFED PENSION FUND FROM FOSSIL FUEL INVESTMENTSClimate 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 Dyfed 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 support103 of 200 SignaturesCreated by Ellen Gibson- University of California - San Diego: 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 University of California - San Diego 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 University of California - San Diego 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.100 of 200 SignaturesCreated by Allison Yee
Divest Staffordshire Pension FundStaffordshire Pension Fund is the Local Government Pension Fund for the county of Staffordshire and is funded through pension contributions from employees of publicly-funded organisations such as Staffordshire County Council, Stoke City Council, the Office of the Chief Constable Staffordshire, Staffordshire University, Newcastle-under-Lyme Borough Council and other parishes, towns, boroughs and public organisations across Staffordshire. As of 31 December 2015, the Pension Fund holds at least £61,879,853.16 worth of shares in companies from the fossil fuel industry, including £20,180,703.41 worth of shares in six of the world's biggest oil companies: BP, Royal Dutch Shell, Statoil, Chevron, Exxon Mobil and Lukoil, who are jointly responsible for major environmental damage and human rights violations the world over. In total, the Pension Fund holds £42,334,871.79 in 14 of the 90 companies responsible for two-thirds of the global greenhouse gases emissions since 1854. By continuing to grant social legitimacy to the burning of fossil fuels, the Staffordshire Pension Fund and all its participating organisations are complicit in driving unprecedented climate change. 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 affecting thousands of communities and millions of people across the world. Investing in fossil fuels is not only damaging to the planet, it's also a very risky investment. The Staffordshire Pension Fund has already seen a massive decrease in its investment, losing £21,573,041.12 (or 25.85%) worth of shares in companies such as Glencore, BHP Billiton, Rio Tinto, Royal Dutch Shell, BP, Lukoil and others. By removing investments in fossil fuel companies, the Staffordshire Pension Fund and all its participating bodies and organisations will be showing their commitment to creating a healthy, sustainable and financially viable future for both the people of Staffordshire and the planet as a whole. Please sign this petition if you believe that the Staffordshire Pension Fund should divest from fossil fuels to protect the planet and the financial future of thousands of workers from across Staffordshire.30 of 100 SignaturesCreated by Tomasz Kozlowski
DIVEST GWYNEDD PENSION FUND FROM FOSSIL FUEL INVESTMENTSClimate 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 Gwynedd 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 support62 of 100 SignaturesCreated by Ellen Gibson
Divest Dorset From Fossil FuelsFossil Fuels are now proven to be responsible for a large, and growing, number of harmful effects which harm the natural environment, people, and wildlife, and no economic case can be made which can justify the damage being done nor which could support the remedial action necessary to prevent damage being passed on to future generations113 of 200 SignaturesCreated by Charles Miller
Divest West Yorkshire Pension Fund from Fossil Fuel InvestmentsOver 5% of WYPF's investments are in fossil fuel companies, including £207 million invested in BP and £171 million invested in Royal Dutch Shell. [1] Climate change is the greatest challenge humanity has encountered. Warming in excess of 2°C will have catastrophic consequences. In order to have a chance of staying below this maximum upper limit of warming 80% of known fossil fuel reserves must not be burnt. Recent research, instigated by the Carbon Tracker foundation, asserts that there are five times more fossil-fuel reserves than can be burnt if internationally agreed carbon emissions targets are to be met. The fossil fuel industry currently holds vast carbon reserves which if burnt would result in emissions 5 times larger than what it is deemed to be safe. All available evidence suggests that fossil fuel companies intend to burn the reserves within their control. In addition, companies such as Shell are actively trying to discover new reserves, often in environmentally sensitive regions. Fossil fuel equities also pose significant financial risks. As governments control carbon emissions to meet these targets a large proportion of fossil fuel reserves which companies expect to extract will become stranded assets: a “carbon bubble”. Funds which are exposed to fossil fuel equities when this bubble bursts can expect to suffer considerable losses. The Governor of the Bank of England, Mark Carney has recently expressed concerns over climate risk, stating that the “vast majority of reserves are unburnable” if global temperature rises are to be limited to below 2C.[2] [1} WYPF Valuation March 2014 [2] http://www.theguardian.com/environment/2014/oct/13/mark-carney-fossil-fuel-reserves-burned-carbon-bubble1,323 of 2,000 SignaturesCreated by Chayley Collis