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Dear Smith College Board of Trustees,
The extraction, transportation, and use of fossil fuels cause damage to communities around the globe, to the environment, and to the climate. Because the moral implications of remaining invested in the fossil fuel industry contradict the Smith College community’s longstanding commitment to being pioneers in social and environmental justice movements and their stated commitment to achieving carbon neutrality by 2030, it is our opinion, as members of the Smith community, that Smith College must take concrete steps towards divesting from the fossil fuel industry. We request that the Smith College Board of Trustees acknowledge the belief of members of staff that the college has a responsibility to:
1. Freeze any new investment in fossil-fuel companies, and commit now to divest within five years from direct ownership and from any commingled funds that include fossil-fuel public equities and corporate bonds.
2. Publish an annual progress report about the exposure of Smith College’s endowment to the fossil fuel industry.