We call upon the City Councils of Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance and El Segundo to
1. Immediately freeze any new investments in fossil fuels.
2. Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
Why is this important?
We are already in the danger zone of climate change with CO2 levels recently measured at 400ppm when the safe zone is 350ppm. Climate scientists tell us me must not generate more than 2 degrees Celsius of global warming and that we cannot burn more than 565 gigatons of carbon without exceeding the 2 degrees Celsius limit
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