Complete fossil fuel divestment for Simon Fraser University within the next five years.
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We, the below signees, demand that the university's Board of Governors immediately agree to divest within five years from any and all commingled funds that include fossil fuel public equities and corporate bonds.
- There is a 98% consensus amongst climate scientists that climate change is accelerating and that the burning of fossil fuels is the leading cause. Climate change is poised to cost the world’s economies untold billions in dealing with increasingly extreme weather conditions, rising sea levels, increased ocean acidification, decreased food security, and increased numbers of climate refugees. As these economic costs inevitably begin to increase, so too will the likelihood of widespread global conflicts. In order to minimize the potential of a future defined by catastrophic climate change, nations across the world must immediately begin to curtail their use of fossil fuels.
- A growing body of evidence has begun to show that fossil fuel investments that were once considered guaranteed returns are now losing investors hundreds of millions (if not billions) of dollars annually, while returns on renewable energy investment continue to rise.
- Simon Fraser University's Board of Governors has both a moral and fiduciary responsibility to divest all funds from the fossil fuel industry.
- In doing so, Simon Fraser University would become one of Canada's first universities to join the growing global fossil fuel divestment movement. It is time for our Board of Governors to truly Engage The World. It is crucial that we do our part to protect the rights of current and future generations to a world not defined by climate chaos.
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