Yale profits off of climate destruction and the continued exploitation of Puerto Rico. We envision and demand a University that instead invests in our futures and our city.
On December 7th, the Yale and New Haven community will come together and rally to demand that Yale University instruct its fund managers to cancel their holdings in Puerto Rico’s debt and divest all its holdings in fossil fuel companies.
Puerto Rico still has not recovered from the devastation of Hurricanes Maria and Irma. Wildfires are burning entire cities to the ground in California. The latest UN climate report says we have 12 years to cut our emissions in half and rapidly transform our economy and society. Meanwhile, Yale refuses to take a proactive approach. Their recent position paper on climate change says they plan to wait “until alternative energy technologies and infrastructures are more fully developed and more broadly implemented.” We know this cannot wait.
For six years, we have tried to engage with the administration, but the few channels available serve to suppress student voices. In good faith, we presented at countless meetings, exchanged hundreds of emails, crafted dozens of memos, talked in offices, coffee shops and conference rooms, and provided all the research, facts, and precedents that we were asked for. All the while, the head of the Advisory Committee on Investor Responsibility quietly campaigned to lead a major fossil fuel company. In the face of the climate crisis, that is unacceptable.
We demand that Yale consider our future instead of acting in a single-minded pursuit of profit. Students, New Haven, and Puerto Rico are powerful, and we will hold this university accountable!