BG西游捕鱼

BG西游捕鱼 鈥� the only institution from the 30 participating schools in the (MSFFDF) to fully divest from fossil fuels received $57,000 鈥� all of the fund's holdings.

As no other participating school in the MSFFDF divested by the end of the December 2018 deadline, BG西游捕鱼 was awarded among 30 schools鈥� escrowed donations.

Participating students, faculty, alumni, and parents who joined together to create a multi-school donor-advised divestment fund thanked BG西游捕鱼 for standing on the right side of history.

The MSFFDF to BG西游捕鱼 officials on April 11, 2019. BG西游捕鱼 will use the funds to establish two endowed student scholarships 鈥� a climate justice, and social justice undergraduate award. Sunrise Salem a student climate justice group also received a donation. 

of BG西游捕鱼 stated, 鈥淣ow more than ever it鈥檚 critical that universities take a moral stand against the obstructionism of the fossil fuel industry鈥�. Divestment, he added, is 鈥渁 tactic, which can be employed by individuals, organizations, and institutions to hold fossil fuel companies responsible for nearly 40 years of climate deception and harm. I'm very proud of BG西游捕鱼 for doing the right thing". 

The fund was established in 2014 to collectively pressure universities to divest from fossil fuels. The MSFFDF allowed parents, alumni, faculty, staff, students, and others to leverage their donations to help participating universities do the right thing. On May 24, 2018 BG西游捕鱼 announced it had sold the universities鈥� prior holdings in Carbon 200 (fossil fuel companies). This decision followed a five-year campaign by university students, faculty and alumni.

Participating MSFFDF schools included MIT, Stanford University, Northeastern University, Tufts University, Boston College, Brandeis University, Allegheny College, Amherst College, Dartmouth College, Fort Lewis College, Georgetown University, James Madison University, Reed College, St. Paul鈥檚 School, Stony Brook University, Syracuse University, BG西游捕鱼, Trinity College, University of Illinois Urbana-Champaign, University of Mary Washington, University of Notre Dame, University of Oregon, University of Pennsylvania, University of Rhode Island, University of Wisconsin-Madison, Wellesley College, Western Washington University, Williams College, Worcester Polytechnic Institute, and Worcester State University.

Citing a March 2019  Healy, PhD, stated 鈥淭he world鈥檚 5 largest publicly owned fossil fuel companies鈥擡xxon, BP, Shell, Chevron, and Total鈥攕pend approximately $200 million a year on lobbying to delay or block binding climate policy. The success of fossil fuels companies鈥� business models requires pushing the world beyond the Paris Climate warming limits.鈥�

Healy, PhD, went on to say, 鈥淧ublicly, Big Oil supports the Paris Agreement goals 鈥� behind closed doors, they lobby to delay climate action. It, therefore, isn鈥檛 surprising that the average congressional opponent of the Green New Deal has received more campaign donations from fossil fuel companies than sponsors the climate change resolution.鈥�

Last week on September 18, 2019, the University of California System fully divested its $80 billion portfolio. Now over 1110 institutions with managed investments worth almost USD$11 trillion have committed to divest from fossil fuels.

Notable divestment commitments include the New York City Employee Retirement System, the Rockefeller Brothers and Family Funds, Republic of Ireland鈥檚 Strategic Investment Fund, the Norwegian Sovereign Wealth Fund, Germany-based financial services giant Allianz, the World Council of Churches, Allianz, the cities of Paris, Melbourne and Oslo. The Bank of England, HSBC, Goldman Sachs and Deutsche Bank have all issued warnings on the risks of fossil fuel investments.