1,000 signatures reached
To: Auckland Council
Urge Auckland Council to Divest from Fossil Fuels!
• Freeze all new investments in fossil fuel extraction
• Divest all holdings from fossil fuel extraction within a 3 year timeframe
• Update their Statement of Investment Policy and Objectives (IPO) to exclude fossil fuel extraction
Why is this important?
Climate change is happening now, driven by the extraction and burning of fossil fuels. Heatwaves are becoming more frequent and more severe, with temperatures in Pakistan reaching 49°C earlier this year, resulting in the loss of over 2000 lives. Extreme monsoons have delivered more than three times normal rainfall to parts of India causing loss of life and livelihood for thousands and acidified oceans are killing coral reefs and putting pressure on fish stocks worldwide.
The fossil fuel industry has enough coal, oil and gas in their reserves to breach the IPPC’s agreed-upon 2°C limit 5 times over. It’s time for our council to end their support of the fossil fuel extraction industry.
The city of Auckland stands to lose a lot in the face of climate change: Much of Auckland’s CBD and coastline risks being swallowed up by rising seas. Wine-grape and kiwifruit growing around Auckland will be history and the frequency of “one in twenty year” rainfall events could quadruple - putting a great strain on our storm water infrastructure. We urge the Auckland council to show solidarity to Auckland businesses and the community by taking their money out of fossil fuels.