We are just a few of the alumni from seven decades who have come together out of concern for the future of Princeton and our planet. We have pledged to withhold donations until Princeton University commits to divesting from the fossil-fuel industry. We don’t know how much of Princeton’s $26 billion endowment is invested in dirty energy because PRINCO will not share that information.
We do know that Princeton does not engage in shareholder activism and has refused to join Climate Action 100+, an investor initiative that promotes action on climate change. We also know that Princeton continues to accept funding from ExxonMobil and BP, despite the fact that Exxon is currently being sued for allegedly lying about climate change and BP was the oil company that spent the most on blocking climate-change legislation last year ($53 million, according to InfluenceMap.org).
Nearly 40 campus organizations and hundreds of current students have endorsed the campaign. To join the more than 1,560 Princetonians who have already signed the open letter to President Eisgruber ’83, visit divestprinceton.com. This is an existential crisis threatening humanity — where is Princeton?