As alumnae concerned about the unprecedented threat of runaway climatechange and in support of the student divestment campaign, we urge Mount Holyoketo join the national effort to divest from the 200 leading fossil fuel companieslisted by the Carbon Tracker Initiative.
This campaign asks that institutions stop new investments in these companies,divest within five years, and report their progress annually.
The scientific community has told us that approximately 80% of these companies’ currentreserves must remain in the ground if we are to prevent the worst of climatechange.
Either the fossil fuel companies will succeed in selling their reserves, dooming usto a terribly diminished world, or they will be left with stranded assets, makingthem a poor investment. Many financial experts have stated that divestment isnot likely to negatively affect portfolio performance.
Many churches, foundations, municipalities, and other institutions have voted todivest, including several colleges. In Massachusetts, the state treasurer and mostof the other gubernatorial candidates support divesting the state pension fund.
Let’s make Mount Holyoke a leader in this crucial campaign.