To: Ontario Teachers' Pension Plan and Ontario Municipal Employees Retirement System

OTPP and OMERS - Go Fossil Free!

OTPP and OMERS - Go Fossil Free!

As public pressure to confront climate change builds, as educators and citizens we call on the Ontario Teachers' Pension Plan and the Ontario Municipal Employees Retirement System 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 the OTPP and OMERS will not only be a sound decision for its financial portfolio, but also for the well-being of its current and future members as well as all Ontarians and beyond. We all deserve the opportunity to live with a future not defined by climate chaos.

Please read our brief and resolution calling on the OTPP and OMERS to divest:

https://educatorsclimate.files.wordpress.com/2016/12/otpp-fossil-fuel-divestment-brief-and-resolution1.docx

And please visit the website of the Educators Climate Alliance to stay up to date on this campaign. We can do this!

http://educatorsclimate.wordpress.com

Why is this important?

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 one fifth of global fossil-fuel reserves without dangerously warming the planet for several thousand years.

Ontario, Canada

Reasons for signing

  • How can any of us be strong advocates for addressing climate change while continuing to profit from the fossil fuel industry? We simply can’t continue to invest in a business model that undermines climate stability when there are viable alternatives. Educators should be leading this charge and moving their collective financial support away from the problem and toward climate solutions.
  • Divestment works. We have a responsibility to our kids and students to act with an environmental conscience, and that includes our pension investments. Let's be leaders here. The Guardian agrees: http://www.theguardian.com/environment/2015/mar/16/argument-divesting-fossil-fuels-overwhelming-climate-change
  • As the widow of an Ontario teacher, my pension is with this fund. I feel disgraced that we are funding fossil fuels that can and will destroy our planet. Our kids deserve better. And their kids..

Updates

2015-02-20 12:38:01 -0500

100 signatures reached

2015-02-17 18:30:53 -0500

50 signatures reached

2014-12-10 21:00:10 -0500

25 signatures reached

2014-12-08 08:24:45 -0500

10 signatures reached