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Unitarian

Unitarians Vote To Divest From Carbon Fuels

Delegates at the 2014 General Assembly (GA) of the Unitarian Universalist Association (UUA) meeting in Providence, RI, today passed a resolution calling for divestment from fossil fuel companies in the UUA Common Endowment Fund (UUCEF). The resolution requires the UUA to: Cease purchasing securities of CT200 companies as UUCEF investments immediately Continue to divest its UUCEF holdings of directly held securities of CT 200 companies, reaching full divestment of these companies within five years Work with its current and prospective pooled-asset managers for the purpose of creating more fossil fuel-free investment opportunities, with the objective of full divestment of UUCEF indirect holdings in CT200 companies within five years Invest an appropriate share of UUCEF holdings in securities that will support a swift transition to a clean energy economy, such as renewable energy and energy efficiency-related securities Report, via the UUA President and the Treasurer, to each General Assembly from 2015 through 2019 on our Association’s progress on the above resolutions Following the vote, UUA President Peter Morales said, “The UUA has a long-standing history of fighting for our environment. I am proud that we are going to put our money where our values are on this issue.”
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