While Swarthmore College does not release its precise holdings, we are calling for divestment from Fossil Free Indexes’ list, “Carbon Underground 200,” which includes the 200 fossil fuel companies (including oil, natural gas, coal, and utilities) with the largest reserves.
- Immediately freeze all new investments in the “Carbon Underground 200,” including the “Sordid Sixteen.”
- As soon as contracts allow, divest the college’s direct holdings in the “Carbon Underground 200.”
- Over a period of 2-5 years, divest our commingled funds from the “Carbon Underground 200.”
- Reinvest at least 1 percent of the endowment into community and renewable energy solutions, including community development financial institutions and revolving loan funds. Feedback on allocation will be provided by campus stakeholders working through the Committee on Investor Responsibility.
Fossil Fuel Corporations violate countless health, safety, and environmental regulations, the burdens of which are usually borne by low-income communities and communities of color. Swarthmore Mountain Justice strives to work in solidarity with communities on the frontlines of fossil fuel extraction, burning, transportation, and waste. The fossil fuel industry is also one of the primary culprits of the climate crisis and corrupts our political system with incredible financial influence. A large-scale divestment movement not only cuts into that financial power, but it also affects these companies on a political and moral level. We refuse to stand by while our school invests in the destruction of communities by deadly fossil fuels and climate change.
It is time for Swarthmore to become a true leader in the struggle for climate justice. Swarthmore has the opportunity to take a bold stand for a just and sustainable future by refusing to support the very companies that are destroying that future.
Want to get involved? Come to our weekly meeting Tuesday at 8PM in Trotter 303!
Want to get in contact with us? Our email is SwarthmoreMJ (at) gmail.com