In the wake of Russia’s brutal invasion of Ukraine, Gov. Michelle Lujan Grisham is calling for the New Mexico State Investment Council to divest the $36.4 billion in assets it manages from any holdings that benefit the Russian government and its supporters. We call on the University of New Mexico Foundation, as a state institution, to do the same with the stocks, bonds and private equity investments it holds in the Consolidated Investment Fund, also known as the Endowment. The first stocks to go should be the Russian fossil fuel investments which are helping to finance not only this unconscionable human rights catastrophe but are also propelling the entire world towards irreversible climate devastation.
Science shows that as we pollute our atmosphere with greenhouse gases like carbon dioxide and methane, the world heats up, causing disasters such as floods, drought, wildfire, hurricanes and ocean acidification. The climate catastrophe is not some remote risk; it is happening now and will certainly get worse. In New Mexico, we are in extreme drought and have already lost much of our mountain forests to wildfire and insect infestation.