GU Fossil Free and Allies Deliver Letter to DeGioia Supporting Tar Sands Oil Divestment

January 26th, 2018

GU Fossil Free and a group of 13 allied student organizations recently delivered a letter to President DeGioia, calling for support for GU Fossil Free’s latest proposal. The proposal, which recommends divestment from companies involved in oil extraction from tar sands, aims to align Georgetown’s Jesuit values with its investment policy. Read our letter to DeGioia here. A full list of student group signatories is below:

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GU Fossil Free members before the delivery outside of Healy Hall
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GU Fossil Free Submits Proposal to Divest from Tar Sands Extraction

November 6, 2017

GU Fossil Free recently submitted a new proposal to the Committee on Investments and Social Responsibility recommending direct divestment from companies that extract oil from tar sands. The decision to suggest divestment from this particular fossil fuel arose from recognition of tar sands oil’s disproportionately high rate of greenhouse gas emissions, egregious exploitations of First Nations communities, and financial instability. The proposal was submitted on November 6, 2017, and a vote from CISR is expected by March 1, 2018.

Read the proposal here and its coverage in The Hoya here.