{"id":11459,"date":"2020-07-01t18:30:23","date_gmt":"2020-07-01t18:30:23","guid":{"rendered":"http:\/\/dpetrov.2create.studio\/planet\/wordpress\/gw-commits-to-full-divestment-from-fossil-fuel-by-2025\/"},"modified":"2020-07-01t18:30:23","modified_gmt":"2020-07-01t18:30:23","slug":"divestment-fossil-fuel-gw","status":"publish","type":"post","link":"\/\/www.getitdoneaz.com\/story\/divestment-fossil-fuel-gw\/","title":{"rendered":"gw commits to full divestment from fossil fuel by 2025"},"content":{"rendered":"
this week, the george washington university community is celebrating as it joins fellow d.c. area schools in significant action against climate change. friday, the gw board of trustees voted to divest the university\u2019s endowment from fossil fuel by 2025.<\/p>\n
this decision marks the culmination of seven years of organizing by gw students and aligns with the recommendations from the university\u2019s environmental, social, and governance (esg) responsibility task force.<\/p>\n
\u201cfor nearly a decade, gw students and students across the country have been demanding that our universities take moral leadership and end their support for the fossil fuel industry,\u201d said jeremy liskar, member of the student organization sunrise gw and a student representative on the esg task force. \u201cour victory (this week) clearly shows that student organizing has changed the consensus on this issue. gw\u2019s commitment will help move the ball for other institutions to take similar action.\u201d<\/p>\n
the task force, established earlier in 2020, included students, faculty, trustees, and alumni. together they recommended seven commitments to be incorporated into gw\u2019s existing sustainability plan. in addition to divesting from all public and private companies that focus on fossil fuel extraction, they also recommend that the university commits to halting any new direct or indirect investments to businesses that reap the majority of their revenue from fossil fuel, including coal, oil, and natural gas.<\/p>\n
\u201cthe covid-19 crisis has served to highlight the enormous impact humans have on the environment and the need for equitable access to healthy natural resources,\u201d the task force wrote in a statement released monday. \u201cthe reduced burning of fossil fuels over the last few months has, in a short time, had a dramatically positive impact on the quality of the air we breathe and our waterways. simultaneously, the pressures of the pandemic alongside existing environmental, health, and economic disparities have laid bare the need for more inclusive and equitable structures in our institutions and society as a whole.\u201d<\/p>\n
gw joins 37 other u.s. educational institutions that have committed to or achieved full divestment, according to fossil free<\/a>, including planet forward 2022年世界杯亚洲预选赛结果
schools middlebury college, suny-esf and the university of hawaii. other d.c. area schools are also part of the movement, as georgetown university made a pledge to divest completely within 10 years in february and american university announced the completion of their full divestment in april. university of maryland<\/a>, located just outside of d.c., agreed to a full divestment plan in 2016.<\/p>\n this announcement comes at the culmination of an academic year saturated with advocacy by gw students demanding the university divest its roughly $1.78 billion<\/a> endowment from businesses that profit from fossil fuel. currently, less than 3% of the endowment \u2014 or around $50 million \u2014 comes from fossil fuel investment, according to estimates. however, meghan chapple, director of gw\u2019s office of sustainability, says divestment is more significant than that number may suggest.<\/p>\n \u201cit\u2019s important because it\u2019s part of a larger movement and it sends a message about climate change \u2026 there is significant consensus that climate change is the big, pressing issue of our time,\u201d chapple said.<\/p>\n the \u201clarger movement\u201d to urge institutions of higher education to commit to fossil fuel divestment began when unity college<\/a> became the first to do so in 2012. the same year, the fossil free campaign \u2014 a branch of 350.org \u2014 was founded on student-led action to demand divestment. fossil free gw<\/a> was formed in 2013.<\/p>\n in november 2019, fossil free gw announced they were transitioning to sunrise gw<\/a>, to become a campus hub for the sunrise movement<\/a>. as a chapter of the national youth-led group, sunrise gw organized art builds, protests, and petitions on campus urging the university to divest over the course of the 2019-2020 academic year.<\/p>\n this april, a referendum<\/a> to divest the university\u2019s holding from fossil fuel was included in gw\u2019s student association election. it received approval from 85.66%<\/a> of voters.<\/p>\n \u201ci would like to acknowledge our student leaders who have \u2014 as representatives of their generation, of the generation that will inhabit the planet over the next 50 to 100 years, the generation that is going to be the future of this planet \u2014 i\u2019d like to acknowledge them for all the work they have done to raise awareness of the importance of climate change to the leadership of the university,\u201d chapple said.<\/p>\n