Divest the University of Puget Sound
University of Puget Sound Board of Trustees
In the 2016 Statement on Divestment, the University of Puget Sound Board of Trustees acknowledged climate change as “global in reach and existential in its threat.” Despite this assertion, the University’s endowment is still invested in fossil fuel companies that are a part of the industry that is driving the biggest threat to our future. The university fails to uphold its values of leadership and stewardship when it supports extractive industries that are harming our homes, our air, and our future.
It is undeniable that climate change is happening now: the time for complacency has ended. The University of Puget Sound campus community demands to be part of the solution and to commit to fully divest our endowment from the fossil fuel industry.
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To:
University of Puget Sound Board of Trustees
From:
[Your Name]
I find it unacceptable that the University of Puget Sound’s endowment fund is invested in coal and fossil fuels, contributing to an industry that is responsible for devastating climate change. I am unimpressed that the Board of Trustees has failed to divest from fossil fuels, despite support from students, faculty, and associates since 2014.
I call on the Board of Trustees of the University of Puget Sound and its outsourced chief investment officer to commit to the following:
1) Abstaining from all new investments in the Underground 200, including the Filthy 15, and private hydrocarbon companies.
2) Divesting from all current holdings in the Underground 200, including the Filthy 15, and private hydrocarbon companies within five years.
*Note: The Underground 200 is an annually updated list of the world's 100 largest coal companies and the world's 100 largest oil and gas companies. The Filthy 15 is a list of the 15 largest and dirtiest coal companies in the United States.