To: President Steven Franklin and the Board of Governors

Trent University: Divest From Fossil Fuels!

Trent University: Divest From Fossil Fuels!

We call on Trent University to immediately freeze any new investment in fossil-fuel companies, and to divest from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds within five years.

Why is this important?

Climate change is accelerating.

We are witnessing the increasing impacts of a warming planet more and more consistently; 2013 was the fourth hottest year in recorded history. There was record-breaking heat, droughts, floods and hurricanes across the globe which impacted hundreds of thousands of people and cost countries hundreds of billions of dollars. In 2013 extreme weather cost Canada $3.2 billion from insurance claims.

Trent University is contributing to this destruction by investing in the fossil fuel industry. This is immoral and unacceptable; especially for a school that prides itself on sustainability, and for a school that has made world breaking research through its Environmental Studies/Science program. Trent University should show leadership by investing in progressive companies that will lead us to a clean energy future.

Scientists 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 need to keep at least 80% of known fossil fuel reserves in the ground if we are to stand any chance of avoiding irreversible, catastrophic climate change.

As public pressure to confront climate change builds, we call on Trent University to immediately freeze any new investment in fossil-fuel companies, and to divest from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds within five years. We believe such action on behalf of Trent University will not only be a sound decision for our institution’s financial portfolio and public reputation, 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.

Trent University

Reasons for signing

  • I signed because Trent University must know the science and help lock-in only clean energy. According to Canadian climate scientists Donner & Zickfeld, http://blogs.ubc.ca/sdonner/files/2016/02/Donner-and-Zickfeld-Canada-and-the-Paris-Climate-Agreement.pdf , Canada has only five years left of an equitable per capita 2C carbon budget, even if annual emissions stay flat at 732 MT/year.
  • Because I for one hate greed & it is exactly this is why we have climate change in the first place !
  • I signed because I feel that one of the most important ways we can make a change toward a healthier relationship with the environment is to implement the use of clean and renewable resources. I also believe that anyone who recognizes the need to make this change should speak to others about the importance of contribution because every step forward counts.

Updates

2014-06-19 14:58:14 -0400

1,000 signatures reached

2014-04-04 12:14:35 -0400

Sustainable Trent's fossil fuel divestment campaign gains momentum http://sustainabletrent.org/2014/03/19/sustainable-trents-fossil-fuel-divestment-campaign-gains-momentum/

2014-02-24 17:56:51 -0500

Trent University Organization Advancing Fossil Fuel Divestment (page 21)http://issuu.com/knowabout/docs/greenzine_winter_2014

2014-02-03 21:17:19 -0500

Sustainable Trent urges Board of Governors to divest from fossil fuels http://trentarthur.ca/sustainable-trent-urges-board-of-governors-to-divest-from-fossil-fuels/

2014-01-31 08:44:22 -0500

500 signatures reached

2014-01-07 22:33:25 -0500

How to Avoid the Carbon Bubble: Divest from Fossil Fuels http://trentarthur.ca/how-to-avoid-the-carbon-bubble-divest-from-fossil-fuels/

2013-12-01 18:31:30 -0500

Do The Math film screening https://www.facebook.com/events/178570639009583/

2013-12-01 18:31:11 -0500

Fossil Fuels and Investment Strategies: A Public Dialogue on Divestment https://www.facebook.com/events/1377424075833774/

2013-12-01 18:31:00 -0500

Tar Sands Reality Check Tour: Peterborough https://www.facebook.com/events/548995795170435/

2013-12-01 18:30:45 -0500

Another Look at the Fossil Fuel Divestment Campaign http://trentarthur.ca/another-look-at-the-fossil-fuel-divestment-campaign/

2013-12-01 18:30:31 -0500

Fossil Fuel Divestment Makes Financial Sense http://trentarthur.ca/fossil-fuel-divestment-makes-financial-sense/

2013-12-01 18:30:16 -0500

An Update on the Fossil Fuel Divestment Campaign http://trentarthur.ca/an-update-on-the-fossil-fuel-divestment-campaign/

2013-12-01 18:30:02 -0500

Join the Growing Movement to Divest Trent from Fossil Fuels http://trentarthur.ca/join-the-growing-movement-to-divest-trent-from-fossil-fuels/

2013-12-01 18:29:09 -0500

Trent University Should Divest From the Fossil Fuel Industry http://www.mykawartha.com/opinion-story/3716578-trent-university-should-divest-from-the-fossil-fuel-industry/

2013-11-26 13:18:25 -0500

200 signatures reached!

2013-11-24 17:37:27 -0500

100 signatures reached

2013-11-24 17:21:45 -0500

Trent Must End Investment in Fossil Fuel Industry http://www.thepeterboroughexaminer.com/2013/04/28/trent-must-end-investment-in-fossil-fuel-industry

2013-11-24 17:21:33 -0500

76% of Trent students vote in favour of fossil fuel divestment as outlined in the fossil fuel divestment referendum in the TCSA 2013 Spring elections (page 4) https://www.dropbox.com/s/v15bj2tzll9vcq6/Elections%20Report%20Spring%202013.docx

2013-11-15 13:19:24 -0500

Trent University Must Divest from the Fossil Fuel Industry http://trentarthur.ca/trent-university-must-divest-from-the-fossil-fuel-industry/

2013-09-01 13:17:29 -0400

50 signatures reached