Sign today: Divest from Fossil Fuels.
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Dear John,

Send a letter to your legislators:

Divest from Fossil Fuels!
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It’s finally happening! Wall Street is dumping stock in fossil fuels. It turns
out, investing in a dying industry is financial folly. Likewise, just five days
ago, the prestigious Georgetown University in Washington DC announced it was
divesting completely from all fossil fuels.

But if Wall Street and universities are running from fossil fuels, shouldn’t our
state governments be running too? Unbelievably, state governments continue to
invest billions of dollars of public pension funds into an industry that is
destroying the planet and is a financial bust.

This needs to change. Sign and send a letter to your governor and state
legislators urging them to divest pension funds from fossil fuel industries. It
is time to stop supporting climate chaos with our retirement money!
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In a recent interview, Wall Street guru, Jim Cramer, warned investors to get out
of fossil fuels while they can. The world’s biggest investment firm, Black Rock,
agrees. Over the past decade Black Rock has lost an estimated $90 billion by
investing in dirty energy. Oil giants like Exxon, Chevron, Shell and BP have
spent more money in ten years than they took in. Job growth in coal, gas and oil
is way down. Jim Cramer calls this period the “Death Knell Phase '' for fossil fuels. 1

Georgetown University officials have listened! They just announced a commitment
to fully divest from public and private investments they’ve made with fossil
fuel companies within the next 10 years. It’s a $13.4 billion endowment, so
it’ll make a major impact! 2

But state governments are slow to wake up. Every year, states invest the
retirement funds of hard working Americans into fossil fuels. If it weren’t for
these sizable subsidies, provided with our pensions, the outlook for these dirty
giants would look a lot more grim.

What’s more, states could be using these funds to invest in renewables. Wind and
solar are among the fastest growing sectors in the national economy -
outstripping job growth with fossil fuels five to one. Can you guess why every
car commercial during the Super Bowl was for an electric car? Renewables are a
good return on the money.

Sign and send a letter to your governor and state legislators. Tell them to
divest our pension funds from the fossil fuel industry and invest in renewables.
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At the Chesapeake Climate Action Network, we are working with others who see
this as a moral issue as well as a financial issue. Not only are we facing an
existential climate emergency, our pensions are being used to fund it. This is
madness. We need to tell our governors and legislators to divest from fossil
fuels. Sign and send a letter to put an end to this madness.
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Sincerely,
Mike Tidwell
Executive Director
CCAN Action Fund

Sources

1) "Cramer sees oil stocks in the ‘death knell phase,’ says they are the new
tobacco." CNBC, 1/31/2020
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2) "Georgetown University says it will divest from fossil fuel companies."
Washington Post, 2/6/2020
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create change in public policy through voter education, lobbying, and
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