The ultimate goal of Fossil Free Mac is to encourage Macalester to take steps towards aligning
their investments with the college's values. The immediate issue that we are currently focusing on is the $40 million
in private partnerships that Macalester has with the oil and gas industry. These investments help fund fossil fuel
development projects that threaten our already fragile environment
and disrupt the land of historically
In the long term, we hope to achieve a holistic vision of sustainability at Macalester, both on campus and in our investing strategy. Macalester has been a regional leader in on-campus sustainability initiatives, and making our financial portfolio more sustainable is an obvious next step if we are to take this global problem seriously.
An increasing amount of evidence shows that fossil fuel investments are becoming increasingly risky as the
fiscal performance of clean energy companies continues to improve. This can be
clearly seen through an
One threat that this may pose to Macalester's financial security is the very real possibility of our current investments becoming stranded assets — a situation that becomes as time goes on. As Professor of the London School of Economics put it, "Smart investors can see that investing in companies that rely solely or heavily on constantly replenishing reserves of fossil fuels is becoming a very risky decision."
In essence, the sooner divestment is achieved the lower these financial risks become. As such, we encourage Macalester's administration to reallocate our investments to safer long-term options.
We meet every Tuesday at 9pm in room 206 in the campus center (second floor). Everybody is welcome to
join this amazing group of people and help fight for a great cause. There's a place here for everyone,
no matter what your skills are. You can
Any changes to our typical meeting location will be communicated through our mailing list, which you can join by filling out the text box at the very bottom of this page.
Fossil Free Mac regularly holds events on campus to address the issue, attends and promotes environmental justice events and groups, works with the administration to advance the goal of a responsible
investment portfolio, and much more. We are highly receptive to the ideas of group members and
their thoughts on how to best achieve the goal of divestment.
In late 2017, we submitted to Macalester's Social Responsibility Committee, outlining the reasons why we believe divestment to be the most prudent course of action. The more members we have, the better chance we have of achieving our important goal.
The private nature of the partnerships that Macalester has with the oil and gas industry means
that we cannot see the specific companies or projects that they are invested in.
This lack of transparency makes it difficult to answer questions about the details of their
investments. Simply put: we don't know because they can't tell us.
However, we do know the tremendously negative impact that the fossil fuel industry has had on our planet. And as climate change is an issue that the poor, it is the most vulnerable among us that will suffer the most. Macalester's investments directly support this injustice and as such must be redirected towards causes that support their stated mission of social responsibility and global citizenship.