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Urge the University of California to divest from fossil fuels
- Posted to University of California Fossil … by Emily Williams
To: Marie N. Berggren, Chief Investment Officer, Vice President-Investments, and Acting Treasurer
The earth is warming and we need to act fast to stop the devastating trend. The average temperature in the U.S. has increased by about 1.5 degrees Farenheit since 1895, with more than 80% of the increase occurring since 1980 [1]. The extraction and burning of fossil fuels are clearly and...
…8,134 people signed the petition
The University of California currently has investments in the fossil fuels industry, including coal mining and burning, petroleum extraction, and natural gas extraction. The Associated Students of California call upon the Regents of the University of California, in its commitment to leadership in sustainability, to divest from fossil fuels by taking the following actions regarding the General Endowment Pool (GEP):
Instruct asset managers to stop any new investment in fossil fuel companies; andTake appropriate steps to ensure that, within 5 years, none of its directly held or commingled assets include holdings in fossil fuel public equities and corporate bonds as found on the Carbon Tracker list; andRelease quarterly updates, both detailing progress made towards full divestment and providing information on the holdings of the endowment pool and of index funds within the GEP.
The University of California has affirmed its commitment to "responsible stewardship of resources and to demonstrating leadership in sustainable business practices," and to having a "net zero impact on the Earth's climate"[1]. We urge the Regents to abide by this statement and divest from fossil fuels.
And on May 14, 2013, we--the students, and faculty and staff, of the University of California--are going to the Regents to ask them to divest. With the presence of every UC, the multitude of signatures on our petition, and the kind of support and media this movement has gotten so far, they won't be able to ignore us!
Resources:
[1] "Sustainable Practices Policy": http://www.ucop.edu/ucophome/coordrev/policy/sustainable-practices-policy.pdf
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Update #4
Posted by Emily Williams (Campaign Leader) on May 15Hello all!
Thank you for signing the petition urging the University of California to divest its funds from fossil fuels! An exciting update: tomorrow, Thursday, May 16, student delegates from the 10 campuses will be in Sacramento at the UC Regents meeting. We'll be for the first time approaching them about divestment and making our case. With any luck, we will then get on the official agenda for the next meeting!
Your signatures help; with them, we are able to show how many people really...
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Update #3
Posted by Emily Williams (Campaign Leader) on Mar 16Hello!
We are making quite a bit of headway, with nearly 6000 signatures! You may be interested to know that this movement, as well as the general climate activist movement, is gaining a lot of momentum. Just this past week, the divestment campaign and Keystone XL pipeline opposition were featured on NPR's On Point show with Tom Ashbrook. There was a panel of three activists: Maura Cowley, Energy Action Coalition's Executive Director; Dorian Williams, a Keystone XL protester; and myself,...
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Update #2
Posted by Emily Williams (Campaign Leader) on Mar 13Wow! We met our original goal of 5000 people signing the petition! The movement is growing and going strong, and starting to spread like wildfire. Our students are organized and mobilized, our faculty is beginning to reach out to each campus to form a faculty-UC-wide coalition, staff is jumping on board; we have a HUGE teach-in planned for April 22, were featured on NPR's On Point show on 3/11/13, and have a Regents meeting to look forward to in May!
So what about a new goal of 10,000?!...
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Update #1
Posted by Emily Williams (Campaign Leader) on Mar 1Thank you all for signing the petition! Thanks to your help, when we go to the Regents this March, we will be able to show them the immense support behind this movement. Much has happened since the petition took off. Three UC's—UC Santa Barbara, UC Berkeley, and UC San Diego—passed resolutions through their student senates urging the Regents to divest from fossil fuels. As I write this, the other UC's are working on their own resolutions, to be presented to the student senates in the...
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Recent Signatures
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8,134Michael Hernaczky Canada14 hrs ago
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8,133Angeles Novoa Spain17 hrs ago
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8,132Jami Smith Phoenix, AZ18 hrs ago
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8,131Carole Brizard France18 hrs ago
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8,13018 hrs ago
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8,129Katherine Porter Jamaica Plain, MA1 day ago
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Discuss the petition
Look the earth runs in cycles and its been proven they messed around with the numbers to get what they wanted back in the 70's they called it global cooling and they changed it to global warming now its climate change to me they keep changeing the name but its the same old package its fun your try to change something you can't one point and time there was a ice age you care to explain that? now most of you have heard of solar flares that's what warmed the earth to get out of the ice age and...
…Look the earth runs in cycles and its been proven they messed around with the numbers to get what they wanted back in the 70's they called it global cooling and they changed it to global warming now its climate change to me they keep changeing the name but its the same old package its fun your try to change something you can't one point and time there was a ice age you care to explain that? now most of you have heard of solar flares that's what warmed the earth to get out of the ice age and I believe that's the same thing going on is solar flares you hear NASA talk about it but they discount it why? because so many scienctist don't want to be wrong they would lose there credability so they keep on pushing this I don't take anything at face value I do some digging before jumping on the band wagon most of you are to young to remember the 70s but I do we had heat index's of 110 and they still hollar global cooling samething today last ten years the earth has cooled but there still hollaring global warming so when the solar flares slow down or stop and it cools below adverage we going back to global cooling? and in case you don't realize it we can't control solar flares, it has to do with control of you not the climate.
We are not running out of oil the bottom line the Government has stop alot of us drilling for oil the EPA stops drill thru not giving out permits we could drill we have some large oil deposits all we have to do is drill fossils are supposely made of bones but i contented some wells pumped dry but after a few years refill if it was fossils or bones it would have stayed dry and bones turn to dust not oil people you need to read and not just one side of the arguement both side's and make a common sense thought
Amit Gupta then what happened back during the ice age? there was any SUV or even that many people and back then i'm sure more trees what warmed the earth then?its easy to blame it on man but the facts are tree eat up CO2 and produce oxygen for us to breath so why a carbon tax?Its a agenda there feeding you a bunch of crap and your sucking it up and repeating it I've lived on this earth for over fifty years my father has lived on this eath for over 90 back in the seventys they were hollaring global cooling then they changed there tune global warming what it boil's down to is global control and some of you are to blind to see it
Global warming is a hoax and merely constitutes a rationale for investment alternatives. I think you will find that many institutional investors have their resources in both old and new technologies.
We would be in a very difficult place without fossil fuels. And natural gas is a lot less expensive to produce than some of the modern attempts to replace it like solar and wind power and algae power. And we have plenty here in America and Canada.
go make love to Al gore... leave me alone
ok. I say get over the only thing you go green peaple are doing is wasting money on thing the do not work so untill a sound option is avaible I say use what works and use more of fossle fuels.
How do we get to a "sound option" without spending money?
We wouldn't be paying so much for gas if our government would let us drill in this country. We have enough oil and natural gas to supply us for many many years and keep the prices down.
We drill here but send it to the whoever payes the highest prise.. Thats one reason our gas prises are so high..
Let's change our future to the better.
We all can do this
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