Below is the wording of the student body referendum on the SGA Spring Election:
YES: I, as a member of the Smith College student body, support the sentiments expressed in this letter. As stated below, I believe that Smith College has a moral and financial responsibility to divest our endowment from the fossil fuel industry. I ask that this letter be considered by the Board of Trustees.
NO: I, as a member of the Smith College student body, do not believe that Smith College has a moral and financial responsibility to divest our endowment from the fossil fuel industry.
Text of the Letter:
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. For more information about the fossil fuel industry and Smith’s investments, please visit divestsmithcollege.com. 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 the opinion of the student body that Smith College must take concrete steps towards divesting from the fossil fuel industry. We, the student body, request that the Smith College Board of Trustees be aware of our belief 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.