Submission + - 300 Stanford professors call for full fossil fuel divestment (blueandgreentomorrow.com)
mdsolar writes: Some 300 professors from Stanford University, California, have called for the school to fully divest from the fossil fuels industry, arguing that the magnitude of climate change calls for a thorough commitment, not a partial solution.
In May last year, the board of trustees at the prestigious university decided not to make any more direct investments in coal mining companies, stating that the energy source is polluting and no longer necessary given the clean alternatives now available. The school also said it would divest from the holdings it currently owns in such firms.
However, professors at the university are now calling for the school to get rid of all fossil fuel investments.
A letter from the professors, which has been published in the Guardian, notes that companies currently own fossil fuel holdings sufficient to produce 2,795 gigatonnes of carbon dioxide – five times the amount recommended if global warming is to remain with the 2C limit, past which scientists have warned that the effects of climate change will become more extreme and unpredictable.
In May last year, the board of trustees at the prestigious university decided not to make any more direct investments in coal mining companies, stating that the energy source is polluting and no longer necessary given the clean alternatives now available. The school also said it would divest from the holdings it currently owns in such firms.
However, professors at the university are now calling for the school to get rid of all fossil fuel investments.
A letter from the professors, which has been published in the Guardian, notes that companies currently own fossil fuel holdings sufficient to produce 2,795 gigatonnes of carbon dioxide – five times the amount recommended if global warming is to remain with the 2C limit, past which scientists have warned that the effects of climate change will become more extreme and unpredictable.