Fossil Fuel Divestment & Reinvestment

 

College students and alumni at over 300 colleges and universities across the United States are demanding universities: 

Stop: Freeze new investments in the fossil fuel industry.

Drop: Divest and implement screens to ensure their portfolios are fossil free within the next 5 years.

Roll: Reinvest 5% of their endowment into community and energy solutions like credit unions and revolving loan funds.

Fossil fuel companies like Chevron, Shell, and Exxon are responsible for thousands of deaths each year. Most directly affected communities that have been fighting these extractive industries for decades have called for support from students. Divestment is a way to take action against these corporations locally, and end the silence around the deadly impacts of fossil fuels. 

Additionally, as supported by the newest IPCC report, the urgency of climate change cannot be overstated. The burning of fossil fuels is the leading contributor to climate change. Divestment and reinvestment not only tackles the root of this problem, but spurs the development of innovative sustainable technologies and enables communities to creatively come up with solutions by investing money directly into community-controlled institutions.

We are asking for 5 percent of the endowment to be reinvested in climate solutions, with 1 percent in community investment and 4 percent in traditional endowment asset classes.  For specific examples of appropriate reinvestment, click here.

Sign up here to let us know you are interested in getting in touch with a REC staff member for support on your fossil fuel divestment and reinvestment campaign. You can also send an email to organize@endowmentethics.org

For more resources on fossil fuel divestment and reinvestment, click here.

Stay up to date and keep in touch! Join the National Students Divestment email listserv and google group, follow this link. 

 

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