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Referendum: Referenda 2019
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Campaign statement for ‘Yes’

The IPCC projects the planet will surpass the dangerous threshold of 1.5 degrees Celsius greater than pre-industrial levels by the year 2030. We need to take action now. UCL has investments in the fossil fuel industry that it must divest. Lives are at stake. According to the World Health Organization, “between 2030 and 2050, climate change is expected to cause approximately 250,000 additional deaths per year, from malnutrition, malaria, diarrhea, and heat stress.” By 2100, annual costs of global flooding are projected to exceed US$10 trillion per year, assuming global temperatures are held at 1.5 degrees greater than pre-industrial levels. We are rapidly approaching that point. People all over the world will face combinations of extreme heat, extreme draught or extreme flooding, extreme famine, and extreme poverty. UCL divesting from the fossil fuel industry is simply the bare minimum of what the university should be doing. Please vote ‘Yes’ on UCL divesting from fossil fuels and ‘Yes’ on making UCL publicly reporting all of its investments.

Campaign statement for ‘No’

Climate change is a massive problem in the world we live in now. And it is also true that many people’s lives will be affected by the use of fossil fuels. But UCL divesting from its investments in fossil fuels achieves nothing, in the current climate much of the effect from our current usage is still to come and the investments UCL has made will just be made by someone else. Unfortunately, we have made a mistake but the solution lies in scientific research that will attempt to remove Greenhouse Gases from our atmosphere as UCL’s impact would be a drop in the water if it divests from fossil fuels. It would serve us much better to transfer our energy away from villainising UCLs investments and to supporting scientific research which could be funded by these investments - that would have a huge impact.