We made history, but we're not done yet.
Leland and Jane Stanford founded our university to "promote the public welfare by exercising an influence on behalf of humanity and civilization.” Divestment is not only within our means, it is required by our founding principles. For the good of our students and our nation, and to preserve the quality of life for this and future generations worldwide, we are calling upon Stanford University to move our endowment beyond fossil fuels.
Today, more than 400 colleges and universities across the country are calling on their institutions to divest from the fossil fuel industry.
These student campaigns have been joined by countless campaigns calling on municipalities, states, and religious institutions to divest. We've made good progress so far, with 14 colleges, 31 municipalities, 2 counties, and dozens of religious and philanthropic organizations having committed to divest.
We launched the Fossil Free Stanford campaign in 2012 requesting that Stanford...
1. Immediately freeze any new investment in fossil-fuel companies, and
2. Divest within five years from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds.
In May 2014, Stanford made a historic move to divest from 100 coal companies, becoming by far the largest endowment to divest from any part of the fossil fuel industry. But we can do better. Now, we are calling on Stanford to divest from oil and gas companies as well.
We have reached out to over 2000 students, alumni, faculty and staff. Last year the Stanford undergraduate student body voted heavily in favor of fossil fuel divestment. We've made good progress, and we have more in store.
As young people, we refuse to sit idly by and accept a future wrought with climate destruction.
We know that the solutions to the climate crisis numerous and complex. They will involve innovative technologies and effective carbon pricing mechanisms. But above all, we will need the will to change. Having accepted that the consequences of inaction are unacceptable, our society needs to muster the bravery to do what is required of us.
Stanford is a leader in innovation and sustainability.
Leland and Jane Stanford founded this university to "promote the public welfare by exercising an influence on behalf of humanity and civilization.” By educating future leaders, our school invests so much in the future of our planet. It's time for Stanford to stop investing in the fuels that threaten our future. Let's be leaders towards a clean, sustainable future, and go fossil free!