DAYTON, Ohio (WDTN) – The University of Dayton announced a major initiative Monday to pull its investments in fossil fuels.
UD believes it’s the first Catholic university in the country to make the change.
University President Daniel Curran announced the Board of Trustees vote to approve a new investment strategy that reflects the university’s commitment to environmental sustainability, human rights and religious mission.
In a statement released Monday morning, President Curran said:
This decision and our public announcement make a bold statement that the University of Dayton takes seriously our moral responsibility to serve as good stewards of God’s creation. Our Marianist values of leadership and service to humanity call upon us to act on these principles and serve as a catalyst for civil discussion and positive change that benefits our planet.
The university will divest coal and fossil fuels from its $670 million investment pool. It will occur in phases beginning with eliminating fossil fuels from its domestic equity accounts followed by eliminating it from international accounts.
Michael Galligan-Stierle, president of the Association of Catholic Colleges and Universities, affirmed the University’s commitment to being a responsible steward of the earth’s natural resources.
“We applaud the University of Dayton for taking this step as perhaps the first U.S. Catholic university to divest from fossil fuels. This is a complex issue, but Catholic higher education was founded to examine culture and find ways to advance the common good. Here is one way to lead as a good steward of God’s creation,” he said.