Divest from the fossil fuel industry
This petition had 242 supporters
Because we cannot always be on the front lines of the communities that are directly and deleteriously affected by the fossil fuel industry, we stand in solidarity with those "sacrifice zones" by calling on the University of San Francisco to divest our endowment from fossil fuels.
And because experts agree that the climate crisis, caused by humans burning fossil fuels, will only continue to accelerate devastating natural disasters, we believe it is unconscionable to pay for our education with investments that will condemn the planet to climate catastrophe. We believe fossil fuel divestment on behalf of the University of San Francisco will not only be a sound decision for our institution's financial portfolio, but also for the well being of its current and future graduating classes, who deserve the opportunity to graduate with a future not defined by climate chaos.
Our demands are that the University of San Francisco:
-Immediately freeze all new investment in fossil fuel companies
-Divest its direct fossil fuel holdings and commingled funds, including fossil fuel public equities and corporate bonds, over a period of 5 years (but not those invested through illiquid partnerships with terms exceeding 5 years)
-Allow those illiquid partnerships that are invested in fossil fuels to expire without renewing them
Those that are directly impacted by the fossil fuel industry suffer extremely elevated rates of cancer, birth defects, and other rare diseases and ailments that were absent prior to the industry's arrival in their community. Given USF's commitment to social justice, continuing to profit from these destructive industries is in patent conflict with its values.
USF's vision is to function "with a global perspective that educates leaders who will fashion a more humane and just world." As stated, investment in fossil fuels only contributes to the inhumane and unjust processes of their extraction, transportation, and combustion, which disproportionately impact poor communities and communities of color throughout the world.
In addition to advancing its commitment to social responsibility and environmental sustainability, USF's pledge to divest will underscore its "mission to create, communicate, and apply knowledge to a world shared by all people and held in trust for future generations"--generations that are faced with peril if we do not act now to halt the inimical effects of the climate crisis. Given "the moral dimensions of every significant human choice," USF must take "seriously how and who we choose to be in the world;" a commitment to divesting puts the university at the forefront of global climate justice, not global exploitation and destruction.
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