As members of the Teachers Retirement System of Georgia and as concerned citizens, we respectfully ask that the TRS Board of Trustees begin the process of divesting from fossil fuel companies with all due haste.
Why is this important?
The Teachers Retirement System (TRS) of Georgia has significant investments in fossil fuel corporations, including Exxon Mobil, Chevron, Peabody Energy, BP, China Coal Energy, Conoco Phillips, and Royal Dutch Shell. We believe that investing in fossil fuel companies hastens climate change by providing those companies incentives to continue extracting and exploring for dirty forms of energy. Divestment would encourage energy companies to shift their resources toward renewable energy sources.
The recent oil spill in Santa Barbara is just one of the many negative consequences of our reliance on fossil fuels. Besides rising carbon dioxide levels, other problems associated with our dependence on fossil fuels include the numerous wars fought for access to oil, the damage to the environment from fracking, tanker and pipeline spills, and air and water pollution.