Tag Archive for fossil fuel divestment

Divestment: An economic solution to a social problem

WarmingRecently there has been a nationwide conversation about fossil fuel divestment. Divestment is when investors withdraw investments in certain companies for political or ethical reasons. In this case, some institutions are divesting from fossil fuel companies because they feel that these companies are acting unethically in their contributions to carbon emissions, which in turn contributes to climate change.

This campaign for fossil fuel divestment has been led by 350.org, an organization dedicated to “building a global grassroots movement to solve the climate crisis.” So far, several religious institutions, 18 cities and two countries have made commitments to divest, but the real pressure of the campaign has been on colleges and universities.

The 5 things you need to know about divestment

1891104_1433799916857803_877117103_n1. What is fossil fuel divestment?

Divestment is basically the opposite of investment. When someone divests, they pull their money (stocks, bonds, etc) from corporations or businesses as a sign that they no longer support that entity.

Statement Regarding Divestment from Fossil Fuel Producing Companies

tumblr_inline_mwogtmSJXa1sooxpuRecognizing the Student Government of Seattle University’s (SGSU) 2012-13’s support of divestment and the 618 signature petition submitted by Students for Sustainable Action Club (SSA) last spring, SGSU 2013-14 offers the following statement on divestment of the University’s endowment from fossil fuel producing companies: As the representatives of the undergraduate student body of Seattle University, SGSU 2013-14 endorses the efforts of the SSA. Additionally, SGSU strongly advises a collaborative process involving students, faculty, staff, administration, and trustees to study the feasibility of and work towards University divestment.

Changing the World from Here with Fossil Fuel Divestment

ashlynrugaheadshotTo recapture the attention of USF’s CFO and VP of Business and Finance, Charlie Cross, members and supporters of Fossil Free USF—the fossil fuel divestment campaign—recently garnered over 200 online petition signatures from the USF community in 48 hours. Each endorsement went to Cross’ inbox, which proved galling enough to achieve the response we sought.