{"id":1567,"date":"2021-03-20T18:50:57","date_gmt":"2021-03-20T22:50:57","guid":{"rendered":"https:\/\/www.ramapo.edu\/ramapo-green\/?p=1567"},"modified":"2021-03-27T18:54:33","modified_gmt":"2021-03-27T22:54:33","slug":"sga-senate-unanimously-passes-divestment-task-force-bill","status":"publish","type":"post","link":"https:\/\/www.ramapo.edu\/ramapo-green\/2021\/03\/20\/sga-senate-unanimously-passes-divestment-task-force-bill\/","title":{"rendered":"SGA Senate Unanimously Passes Divestment Task Force Bill"},"content":{"rendered":"<p>By Ben Hopper<\/p>\n<p><span style=\"font-weight: 400\">A new bill to create a divestment task force was passed by the Ramapo Student Government Association (SGA) on Monday, March 15. This bill, proposed by Secretary of Sustainability Zo\u00eb Tucker-Borrut and introduced by Senate Vice President Nicholas Bykov, passed unanimously with a vote of 17-0-0 in favor of it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Divestment is the act of shifting investments from going towards fossil fuels to being put towards more environmentally friendly and sustainable alternatives instead. Divestment brings a number of benefits with it including working to combat climate change through eliminating the use of fossil fuels. Along with its environmentally conscious benefits divestment has been shown to not bring any negative financial side effects with it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In Tucker-Borrut\u2019s presentation for divestment she used a quote from environmentalist Bill McKibben to illustrate the importance of college\u2019s getting involved with divestment, \u201cIf their college\u2019s endowment is invested in fossil-fuel stock, then their educations are being subsidized by investments that guarantee that they won\u2019t have much of a planet on which to make use of their degree.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">As well Bykov has made clear the importance of divestment for colleges and Ramapo specifically saying, \u201c<\/span><span style=\"font-weight: 400\">As the Climate Crisis continues to worsen, it is becoming more and more important that Colleges and Universities divest their fundings out of companies with ties to fossil fuels. Fossil fuels will only become more risky investments as time passes, while the world looks to green energy and sustainable initiatives as the future. Divestment is especially important for Ramapo College, as it would illustrate the College&#8217;s commitment to sustainability as is expressed in our mission statement\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The divestment task force will be united by a singular goal that being to divest the fund of the Ramapo College Foundation shifting these investments away from fossil fuels. As well the divestment task force will work to create an investment strategy in one year in order to present it to the Board of Governors. The bill suggests that this investment strategy will work to be more financially beneficial than the investment strategy currently being considered by the board of directors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The divestment task force will be formed after Summer and will hold meetings during both the Fall and Spring semesters.<\/span><\/p>\n<p><a href=\"mailto:bhopper@ramapo.edu\">bhopper@ramapo.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ben Hopper A new bill to create a divestment task force was passed by the Ramapo Student Government Association (SGA) on Monday, March 15. This bill, proposed by Secretary of Sustainability Zo\u00eb Tucker-Borrut and introduced by Senate Vice President Nicholas Bykov, passed unanimously with a vote of 17-0-0 in favor of it. Divestment is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1567","post","type-post","status-publish","format-standard","hentry","category-earthday"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SGA Senate Unanimously Passes Divestment Task Force Bill - Ramapo Green<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ramapo.edu\/ramapo-green\/2021\/03\/20\/sga-senate-unanimously-passes-divestment-task-force-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SGA Senate Unanimously Passes Divestment Task Force Bill\" \/>\n<meta property=\"og:description\" content=\"By Ben Hopper A new bill to create a divestment task force was passed by the Ramapo Student Government Association (SGA) on Monday, March 15. 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