• News

    CUNY invests nearly $5 million in fossil fuel companies

    CUNY invested more than $4.9 million last year in fossil fuel companies such as ExxonMobil, Chevron and Royal Dutch Shell, according to documents provided by CUNY Prison Divest obtained through the Freedom of Information Act. CUNY Divest, a student-led organization founded in spring 2013, is pushing CUNY to divest from fossil fuels. The group uses methods to pressure CUNY to divest on social media and hosts regular meetings throughout CUNY to spread their message. Dan Asselin, a Brooklyn College alum and a founder of the CUNY Divest campaign, explained the group formed at a march in Washington D.C. two years ago. “A handful of CUNY students and alumni had been…

  • News

    CUNY financially tied to private prison industry

    CUNY invests thousands of dollars into private prison companies, said documents obtained by CUNY Prison Divest through a Freedom of Information Act request. The documents revealed CUNY invested $275,200 in total in private prisons as of September 2014. It invested $248,900 in G4S, one of the top private prisons in the U.K. Moreover, it invested $13,300, $8,400 and $4,600 in Corrections Corporations of America, GEO Group Inc. and Aramark, respectively. A private prison operates as a contractor for governmental agencies to house inmates in either public or private jails. Its use surged in the 1980s due to overcrowding, a result of the War on Drugs. This new information gave legitimacy…