Statement Regarding Divestment from Fossil Fuel Producing Companies

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Recognizing the Student Government of Seattle University’s (SGSU) 2012-13’s support of divestment and the 618 signature petition submitted by Students for Sustainable Action Club (SSA) last spring, SGSU 2013-14 offers the following statement on divestment of the University’s endowment from fossil fuel producing companies:

As the representatives of the undergraduate student body of Seattle University, SGSU 2013-14 endorses the efforts of the SSA. Additionally, SGSU strongly advises a collaborative process involving students, faculty, staff, administration, and trustees to study the feasibility of and work towards University divestment.

SGSU therefore advises the completion of an expedient (within the next 5 years) and transparent feasibility study of divestment as stated in the resolution proposed by the SSA.

Moreover, the SSA’s movement for divestment has brought to light a long-held request by the students that the University becomes more transparent to its community regarding its annual budget, its budgeting processes, and the allocation of students’ tuition dollars. SGSU believes that this is the opinion of the majority of the undergraduate student population and therefore respectfully requests that the University Administration continues its efforts to reach a higher level of transparency in the annual budget and tuition dollar allocation.

Finally, this endorsement of divestment comes with the stipulation: if upon completion of a feasibility study it is determined that tuition will be raised as a result of divestment, SGSU requests that appropriate steps be taken to divest without harming student financial well-being and access to services.

SGSU believes in the importance of promoting the Jesuit values of Seattle University. Our support for Seattle University’s divestment from fossil fuels demonstrates this belief.

This statement was passed unanimously by the SGSU Representative Assembly on November 21, 2013 

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