On May 3, 2015, the University Student Senate voted, for a third time in less than two years, to adopt a resolution supporting the divestment of CUNY holdings in fossil fuel companies and the reinvestment of those funds into renewable and sustainable-minded energy companies. The previous two resolutions were adopted on October 22, 2013, and on September 21, 2014—the same day as the historic People’s Climate March.
Divestitures from companies to pressure changes is not unprecedented at CUNY.
In 1984, the CUNY Board of Trustees approved a resolution to divest from companies engaging in business in the apartheid South Africa. Seven years later in 1991, the CUNY Board of Trustees divested from all tobacco companies as a response to studies that were released detailing the harmful effects of tobacco use.
USS 2020 CUNY Divest Resolution
In the 2020 Spring semester, USS passed its fourth resolution calling on the City University of New York to divest from fossil fuels.
We believe CUNY must use its voice as a progressive institution to lead, not lag, in response to climate change. Current reports conclude that the impacts of climate change will first be felt by the least able among us to adapt. The time to act is now.
The Student Senate has joined forces with NYPIRG and the Professors Union to collaboratively work together and push CUNY to divest its financial holdings from fossil fuels. Our committee meets bi-weekly during the 2020 Spring semester via phone. If you would like more information, or would like to join this committee, send an email to firstname.lastname@example.org.
As a student at #CUNY, I urge the @CUNY Board of Trustees to divest from fossil fuels! In 2020 they make a poor investment and wreak havoc on our communities. #FossilFreeCUNY #Divestment @toddkaminsky @USSCUNY @nygovcuomo @350NYC
@CUNY still invests in fossil fuels. This is a public university that @NYGovCuomo oversees by appointing most of the Board of Trustees. Why are public dollars being invested in fossil fuels in 2020??? @costa4NY@NYCMayor @LizKrueger @CarlHeastie