Group wants Smith College to divest from fossil fuels


WINDS: NW 10-20 MPH JULIANA: SMITH COLLEGE STUDENTS ARE CALLING ON SCHOOL TRUSTEES TO DIVEST FROM THE FOSSIL FUEL INDUSTRY. DOZENS OF DEMONSTRATORS HELD A VIGIL ON CAMPUS, DEMANDING THE SCHOOL TAKE ACTION TO REMOVE $100-MILLION DOLLARS INVESTED IN FOSSIL FUELS FROM THE SCHOOL’S ENDOWMENT FUND. “DIVEST SMITH COLLEGE” SAID THESE INVESTMENTS ARE INCONSISTENT WITH THE SCHOOL’S STATED VALUES TO “STEWARD THE RESOURCES THAT SUSTAIN US.” AND WE HAVE ENGAGED STUDENTS, FACULTY, STAFF, ALUMANE, ADMINISTRATORS AND TRUSTEES IN A DISUCSSION OF WHEN – NOT IF – AND HOW WE WILL DIVEST IN FOSSIL FUELS JULIANA: A SMITH SPOKESWOMAN TOLD 22NEWS THAT THEY FORMED A GROUP TO STUDY THIS ISSUE A YEAR AGO. STACEY SCHMEIDEL SAID THE SCHOOL’S ENDOWMENT IS 1.7 BILLION DOLLARS WITH 6 PERCENT IN FOSSIL FUEL HOLDINGS, AND NO DIRECT HOLDINGS IN COAL. SHE SAID THE PORTFOLIO MANAGER’S DECISIONS

Leave a Reply

Your email address will not be published. Required fields are marked *