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November 29, 2018
The latest issue of America highlights SU’s leadership in fossil fuel divestment. The story—“Seattle University plans fossil fuel divestment: Will other Jesuit schools follow its lead?”—references the university’s commitment to divest, which President Stephen Sundborg announced in September.
As Sundborg wrote then, the university’s Board of Trustees adopted recommendations from the Socially Responsible Investments (SRI) Advisory Working Group to fully divest the marketable portion of the endowment from any investments in companies owning fossil fuel reserves by June 30, 2023; and to achieve a 50 percent reduction in the exposure to companies owning fossil fuel reserves in the marketable portion of the endowment portfolio by Dec. 31, 2020.
Based in New York, America is the national weekly magazine published by the Jesuits of the U.S.
In Divestment Q&A, Phil Thompson, director of the Center for Environmental Justice and Sustainability, discusses the university’s decision and what’s next in the university’s efforts to decrease its carbon footprint and become even greener.
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