You are the owner of this article.
You have permission to edit this article.
Edit

UPUA calls on Penn State to halt all fossil fuel investment, reinvest in renewables

  • Comments
UPUA March 17 #2

Penn State’s University Park Undergraduate Association passed Resolution #56-15 Wednesday night, which calls on Penn State to completely divest all holdings in the fossil fuels industry.

According to the legislation, 6% of Penn State’s long term investments are in “real assets,” which include coal, gas and oil. The resolution calls on Penn State to halt future investments in fossil fuels and sell all holdings in that industry by the end of 2026.

The resolution also calls on the university to reinvest those funds into renewable energy sources like solar and wind power.

Citing examples from the University of Massachusetts Amherst, the University of California system and Rutgers University, the resolution hopes to live up to other Big Ten universities with similar plans, according to the legislation.

After some debate and discussion, the resolution passed with a vote of 28-2-4.

MORE PENN STATE COVERAGE

 

If you're interested in submitting a Letter to the Editor, click here.

Support Student Journalism

Your contribution will help the Collegian provide award winning journalism to the Penn State community and beyond.

Donate to the Collegian by clicking the button below.

Newsletters