U of Delaware Student Group Seeks to End Investment in Fossil Fuel

Lynn Russo Whylly's picture
Thursday, May 9, 2013

With small, orange squares representing its cause, Fossil Free UD, a campus campaign that aims to encourage university administration to divest from fossil fuel companies, has submitted a proposal to Student Government Association that will be voted on next week.

The proposal, which will be brought in front of SGA Senate next Tuesday, has the mission of freezing investments in fossil fuel companies from the university’s endowment by 2018. Senior Jock Gilchrist*, founder of Fossil Free UD, said a university administrator confirmed over email that though the university does not disclose individual company investments, it does invest in “fossil fuel related companies.”

The university’s endowment topped $1.13 billion in 2012, making it the 67th highest endowment among universities, according to the National Association of College and University Business Officials.

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