Humans cannot burn all the fossil fuel reserves that energy companies are planning to while still staying below the critical 1.5°C above pre-industrial mean temperatures. The simplicity of this fact belies the complexity that must be engaged to reorient economies and societies globally to make real reductions in emissions. Fossil Free UW is challenging the University of Waterloo community to act in their spaces and their own ways to make this happen and protect our common future.
Did you know that the University of Waterloo is currently investing our money in companies that are contributing to climate change?
Every year when students pay tuition we contribute to endowment funds. These funds are then invested in fossil fuel companies. At least $27 million in student money is currently supporting the fossil fuel industry – putting all our futures at risk! This investment is at a time when the effects of global climate change are already occurring – sea ice is disappearing, ocean levels are rising, and droughts and heat waves are longer and more intense. Climate change is having devastating effects on our environment – and on us! Around the world already nearly 1,000 children are now dying every day because of climate change, and the annual death toll stands at 400,000 people worldwide.
Often we feel like there is little we can do as individuals to contribute to a solution – but here is an easy opportunity for us to act! Sign our petition urging the University of Waterloo to divest fossil fuel holdings!