Fossil Free Lund University

Lund University

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We want Lund University's money to become free of fossil fuels. The money that funds our education and future competence should not simultaneously support dirty energy and drive climate change – this is both illogical, immoral and financially shortsighted. It is time that the University of Lund phase out all their shares in coal, oil and gas.

Lund University committed in 2015 to divest its direct holdings – however, 95 per cent of its investments consists of a portfolio of foundations, which still remains to be divested. Lund University says that it has an important role in the community by being a driver for sustainable development. Our requirement is that it demonstrates this and takes the following steps for all of its investments:

1 - Stops new investments in fossil energy
2 - Within five years phases out all existing ownership in fossil energy
3 - Transparently reports the university's progress towards a completed disinvestment each trimester
4 - Ask their employees' pension funds, primarily the AP funds, to divest its assets

By giving this promise, Lund University would show that they are serious about being an institution at the forefront of sustainable development.

What is Fossil Free and why is this important?

Fossil Free is an international campaign to move our common assets (tax money and other resources) from investments in oil, coal and gas.

There are not many institutions today that invest in the weapon industry - it is simply regarded as immoral. People agree with each other about weapons is not okay to support. What we have realized, is that oil, coal and gas can be seen as weapons as well, weapons directed against us, the climate and our future. Is it then really moral to have ones money invested in an industry that puts us all at risk, an industry that evidently spends billions annually to procrastinate any political act directed against a renewable conversion, through lobbying and climate skeptic think tanks? "If it's wrong to wreck the climate, then it's wrong to profit from that wreckage!"

There are also strong financial incentives to divest from the fossil industry. A 2 degree global temperature rise is the absolute maximum we can afford. To stay below 2 degrees, we can afford to emit maximum 565 gigatons of carbon dioxide in the atmosphere by 2050, according to the report "Unburnable Carbon" from Carbon Tracker Initiative. According to the same report, the fossil industry already holds gas, coal and oil sources that would cause the release of 2,795 gigatons of carbon dioxide when extracted and incinerated. From this we can understand that 80% of existing fossil fuels must be left in the ground, if we want to maintain a reasonably stable climate on earth! It also means that the money we have invested in these fuels will disappear into nothing as soon as everyone realizes that we have to leave 80% in the ground - this is a financial bubble that will probably crack in the near future. We surely don't want to lose 80% of the value of much of our assets?


To: Lund University
From: [Your Name]

Lund University committed in 2015 to divest its direct holdings – however, 95 per cent of its investments consists of a portfolio of foundations, which still remains to be divested. Lund University says that it has an important role in the community by being a driver for sustainable development. Our requirement is that it demonstrates this and takes the following steps for all of its investments:

1 - Stops new investments in fossil energy
2 - Within five years phases out all existing ownership in fossil energy
3 - Transparently reports the university's progress towards a completed disinvestment each trimester
4 - Ask their employees' pension funds, primarily the AP funds, to divest its assets