Nicola Anderson 0

Green Wave New Deal

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New Orleans is in direct danger from the threat of climate change. The fossil fuel industry is accelerating the warming of the planet, but Tulane still invests its $1 billion dollar endowment in coal, oil, and gas. It's immoral to fund our education from the destruction of the city we live in. That's why Sunrise Tulane is asking Tulane to divest its endowment from destruction, and reinvest in rebuilding.


Sunrise Tulane's Demands:

  1. Divestment
    1. Immediately freeze all new investments in the largest 200 fossil fuel companies that own oil, natural gas, and coal reserves. http://fossilfreeindexes.com/research/the-carbon-underground/
    2. Divest within five years from direct ownership and from any commingled funds that include fossil fuel public equities and corporate bonds.
  2. Reinvestment
    1. Commit to investing at least 10% of the endowment into impact investments that align with Tulane's mission and create long-term social and environmental value, and advance racial and economic justice.
  3. Transparency
    1. Make a list, updated yearly, of all holdings in the endowment and votes cast on proxy resolutions available to the public upon request.
    2. Give students and faculty a voice in future investment decisions, and hold public forums on Tulane’s investment choices

    These demands may be daunting, but it is important to remember that as students, we are the ones paying tuition and we hold a lot more power than some may think.

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