To: President Capilouto

University of Kentucky: Go Fossil Free!

Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, we call on University of Kentucky 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.

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 $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 Kentucky 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 Kentucky 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.

University of Kentucky

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Reasons for signing

  • For those most vulnerable to the effects of climate change today and for the safety and well being of future generations who will inherit the consequences of the moral choices we make today. Lets all work to regenerate the Earth we share, and give other species a chance to live out their lives on through future ages relatively unmolested by our pursuits.
  • I find it imperative that the university aggressively allocates endowment investments in favor of alternative energy. Divestment of publicly traded equity of fossil fuel companies AS WELL AS private equity securities will make a powerful statement that UK will not tolerate the severe environmental and financial risks that these companies present.
  • I am an alumna of UK and a native Lexingtonian. As the President of Unity College said in his open letter to other University Presidents, " It is ethically indefensible that an institution dedicated to the proposition of the renewal of civilization would simultaneously invest in its destruction." Please act ethically.

Updates

2015-02-25 06:24:02 -0500

10 signatures reached