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.
Tag Archive for fossil fuel divestment
Recognizing 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.
To 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.
Seattle University students and supporters rallied at the campus quad Monday night to bring attention to a recent decision by school administrators not to join a push for schools across the country to divest in fossil fuel companies.