April 25, 2016
The Representative Assembly of the San Diego Divisional Academic Senate has approved a vote of Divisional Senate members on whether to adopt a resolution urging the University of California to pursue a fossil fuel divestment strategy. The resolution is displayed below, followed by a compilation of relevant background materials. The resolution will be voted upon as part of the 2016-17 Senate election.
Fossil Fuel Divestment Resolution
For a vote of the Divisional Senate members
Whereas, global warming due to carbon emissions is a profound threat to the suitability of our planet for our descendants and other species, and effective actions against global warming are currently blocked in the United States by massive political contributions of fossil fuel corporations;
Whereas, fossil fuel stocks may further fall in value if proven reserves must remain in the ground in order to meet the goals of the Paris conference;
In view of the pioneering research by UCSD faculty in discovering and documenting the scientific basis of global warming;
Notwithstanding the exemplary leadership of the University of California, its President, Faculty and Staff in committing to a carbon-free and sustainable future;
We, the faculty of the San Diego Divisional Senate respectfully request the Regents to instruct the UC Chief Investment Officer to divest our investment portfolio of stocks in companies whose primary business concerns the extraction and sale of fossil fuels.
Senate members can click here to vote.
A town hall has been scheduled for Wednesday, April 27, 2016 from 4 pm - 5:30 pm in Garren Auditorium, located on the first floor of the Basic Sciences Building.