SPS Cares about
Climate Change
To the TRUSTEES of ST PAUL'S SCHOOL:
In order to limit global temperature rise to less than 2 degrees C, no more than 1/3 of global carbon reserves owned by fossil fuel companies and governments can be burned prior to 2050. Because it is unconscionable to finance our school with investments that will lock us in to catastrophic climate change, we call on ST PAUL'S SCHOOL'S TRUSTEES to:
1. Immediately freeze any new investment in fossil fuel companies, and
2. Divest within as soon as possible from current holdings in the "worst 100" companies.
How Come?
Because it is unconscionable to pay for our education with investments that will condemn the planet to climate disaster, and because our continued investments in fossil fuels violates both our School's founding Statement and our basic belief in goodness with knowledge, we call on St Paul's School to immediately freeze any new investment in fossil-fuel companies, and to divest within one year from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds. We would prefer to divest responsibly in top 100 polluters first.