Why should Penn divest from fossil fuels and reinvest in clean energy?
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1. Fiduciary Duty
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Penn's fiduciary responsibility requires it to avoid the direct financial losses from fossil fuel companies' stranded assets as well as the materialized harms of climate change on all its other holdings.
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2. moral integrity
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As an institution that values human life, justice, and academic rigor, Penn ought not profit from an industry that kills innocent people, exploits communities of color worldwide, and promotes false climate denial.
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3. social impact
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Penn’s continued investments in fossil fuels nullifies any impacts from its Climate Action Plan; however, diverting existing funds towards the underinvested clean energy industry maximizes the social impact of transitioning to a truly sustainable economy.
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