Tag Archive for fossil fuel
On September 21, hundreds of thousands of marchers gathered in New York City demanding swift action to save an ailing planet. Meanwhile at SU, students continued to push for divestment. Can economists and environmentalists agree before it’s too late?
If anyone thought the divestment movement would weaken over the summer, guess again. It has proven to be the student movement that just won’t die. As the world’s climate continues to warm, the divestment campaign continues to heat up across the country. As the United Nations Climate Summit is underway, the world is assessing where it stands with Mother Nature.
…so went the lively chant on today’s People’s Climate March through London. Myself and other members of the London Mining Network joined thousands of others in this rally which was organised by the Climate Coalition.
Fossil Free SCU is a coalition of the GREEN Club and B-LEJIT, two environmental justice groups in the Santa Clara Community Action Program.
In its SCU Fossil Fuel Divestment Statement of Support, the group requests that Santa Clara “immediately freeze any new investment in fossil fuel extraction companies” and “divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within five years.” They also state that this would help advance the university’s goal to be carbon-neutral by 2015.
Santa Clara University pledges in its mission statement to “build a more humane, just, and sustainable world.” But such a world is not ensured if fossil fuel companies are allowed to recklessly continue their current practices unchecked. By divesting, SCU can continue its commendable efforts against environmental injustices worldwide, setting a precedent for other universities to follow. SCU has historically advocated against such environmental injustices because they “[contradict] our ethical guidelines for investment,” as noted by Father Engh regarding the university’s 2009 decision to divest from Massey Energy.