Why should Penn divest from fossil fuels and reinvest in clean energy?
1. Fiduciary Duty
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.
2. moral integrity
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.
3. social impact
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.