January 21, 2015
PSU’s Most Historic Environmental Group Endorses Fossil Fuel Divestment
UNIVERSITY PARK, PA—Penn State’s oldest and most historic environmental group on campus, Eco-Action, has officially endorsed fossil fuel divestment at Penn State. With the endorsement, Eco-Action is supporting the efforts of Fossil Free PSU, the student-run fossil fuel divestment campaign that is advocating for Penn State to rid its $2.7 billion endowment from investments in fossil fuel companies.
“We’re really excited to have the endorsement of the most established environmental group on campus,” Fossil Free PSU Secretary Rachel Hoellman said. “Eco-Action has a storied history of inducing change on this campus, and that’s why we [Fossil Free PSU] see them as such a great ally in our fight for climate justice at Penn State,” Hoellman said.
Fossil Free PSU Vice-President Alanna Kaiser echoed Hoellman’s excitement, and said that Fossil Free PSU expects more endorsements in the coming weeks. “We’re all really looking forward to working with Eco-Action, and there are lots more groups on campus that we think will support our goals,” Kaiser said. “After all, climate justice and social justice are intertwined, so we think that everybody has a hand in this campaign,” Kaiser said, “We’re going to build a broad, inclusive coalition of those groups throughout the semester.”
Fossil Free PSU is currently in the process of planning actions to take place in solidarity with others around the world in the first ever “Global Divestment Day,” which is occurring in mid-February.
Fossil Free PSU became a recognized student group in Spring 2014 and has organized an environmental community forum, rallied students to attend the People’s Climate March in New York City, and recently delivered coal to the Board of Trustees’ office in Old Main in a Christmas-themed demonstration to highlight the Board’s “naughty” investment practices. It is a chapter the worldwide fossil fuel divestment movement, which urges institutions remove investments in fossil fuel companies as a means by which to combat climate change and promote better-performing financial portfolios.