When
universities divest, they send a message about where they see the future of energy going.
This latest report was co-written by one of Oreskes» post-doctoral fellows, Geoffrey Supran, a leader in the fossil fuel divestment movement who once published an op - ed in The Guardian under the breathless headline, «Until
universities divest from fossil fuels they will undermine all they stand for.»
Yale
University divested part of its endowment fund, and some corporations including Amica Insurance and General Electric have stopped investing in private prisons.
Though not a formal recommendation, three - quarters of the committee members supported
the university divesting from coal and tar sand companies but not from other fossil fuel industry members.
Not exact matches
The fossil fuel divestment campaign began on
university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to
divest being managed by commercial investment and pension funds.
So it's disheartening that the student body at Barnard, a women's college that is part of Columbia
University, voted Wednesday to encourage the administration to
divest from companies that do business with Israel.
BOSTON, March 28 - A member of a Harvard
University oversight board made a rare public call for the school to
divest itself from fossil fuel stocks, a move that shows continuing divisions on the issue as a new president takes over at the institution and its leading $ 37.1 billion endowment.
Some
university endowments are considering
divesting fossil - fuel stocks.
They began urging institutional investors, including
universities, to
divest their assets from companies that did business with the regime.
«SB 1146 seeks to
divest us of our religious distinctives,» and «weaken the rich educational diversity of our state» wrote Biola
University president Barry H. Corey in letter to faculty and staff.
A full - throated campaign has taken root at the
University at Buffalo, calling on officials to
divest endowment funds from fossil fuel companies, as several
universities around the country already have done.
In the past few years, students at hundreds of colleges and
universities have started pushing their schools to
divest from fossil fuel companies as a way to slow climate change.
However, no
universities have actually
divested.
The suggestion to
divest the GBT (among other sites) was not an easy one to make, says Daniel Eisenstein, a Harvard
University astronomer and chair of the Portfolio Review Committee that issued the recommendation.
Frank Wolak, an economics professor at Stanford
University, which has pledged to
divest its coal holdings, responded that MIT's endowment, one of the biggest in the world, is a blip in the $ 60 trillion pool of public equities sloshing around worldwide, and the cost of
divesting would be negligible.
Yet at this forum, an on - campus debate at the Massachusetts Institute of Technology over whether the
university should
divest the fossil fuel holdings within its $ 11 billion endowment, might not have happened if market forces properly priced the economic and environmental costs of climate change, a theme that Anthony Cortese, the event moderator, alluded to at the outset.
While she was a student, Marshall became active in the U.S. - based anti-apartheid movement, demanding that
universities and churches
divest their holdings in companies doing business in apartheid South Africa and demanding that banks extend loans to the South African government.
In the English Department where I teach, at a mid-sized Midwestern
university, we have just voted virtually unanimously (there are about 40 of us in the department — there was one abstention) for our
university endowment to
divest from fossil fuel interests.
And if the climate movement can keep pressuring the the government, banks and
universities to invest in the future and
divest from fossil fuels, it seems inevitable that we'll be burning less coal in the coming years, whether President Obama has officially waged a War on Coal or not.
In the UK, Glasgow
University became the first academic institution in Europe to
divest earlier this year, following a number of US
universities» example.
He was a member of the divestment movement, urging colleges and
universities to pull their endowment investments out of oil and natural gas companies and tweeted about how it was a «sane» position to suggest that «Exxon's actions may have imperiled all of humanity... It's time to
divest.»
Students also gathered hundreds of student signatures calling on campus administration to
divest their
universities» endowments from fossil fuels.
The goal of the campaign is to convince college and
university presidents and boards to immediately freeze any new investment in fossil fuel companies, and
divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within five years.
After Glasgow
University became the first university in Europe to divest, more than a third of UK universities have followed suit, with students driving the divestment movement across
University became the first
university in Europe to divest, more than a third of UK universities have followed suit, with students driving the divestment movement across
university in Europe to
divest, more than a third of UK
universities have followed suit, with students driving the divestment movement across the world.
Beginning as a movement in 2011, young people on campuses across the US were determined that their college or
university should not be putting money into fossil fuels, and urged their schools to
divest their endowments away from fossil fuel companies.
Should the
university council agree to this motion, it would make UCT the first African University to formally commit to divesting from fos
university council agree to this motion, it would make UCT the first African
University to formally commit to divesting from fos
University to formally commit to
divesting from fossil fuels.
Over the past three years, close to five hundred staff, students and alumni have called on UCT to
divest, a call that has the strong support of the Department of Environmental and Geographical Sciences, where the
University's climate change research is centred.
Drawing comparisons to the anti-apartheid effort, McKibben urged a mass movement pressuring
universities, colleges, churches and local governments to
divest their holdings in fossil fuel companies.
Since November, divestment campaigns have spread to 210
universities in the United States and Canada, and to the city of Seattle, the first municipality seeking to
divest its $ 1.9 billion pension fund.
Kevin Galvin, Harvard's director of news and media relations, told InsideClimate News the
university «is not considering
divesting from companies related to fossil fuels.»
It is also driving a global campaign to lobby municipalities, public
universities, and pension funds to
divest from fossil fuels.
The
university has been slowly
divesting for a few years but made it official this month.
UD joins a growing list of
universities choosing to
divest endowments due to concerns about climate disruption and sustainability.
This week the
University of Dayton made news when it announced that «it will begin
divesting coal and fossil fuels from its $ 670 million investment pool.»
May 26, 2016 —
University of Massachusetts, America's first major public university to divest entirely from fos
University of Massachusetts, America's first major public
university to divest entirely from fos
university to
divest entirely from fossil fuels.
Glasgow
University joins thirteen US
universities, including Stanford, which have already committed to
divest from the fossil fuel industry.
University court votes to
divest # 18m from fossil fuel industry in what campaigners call «dramatic beachhead»
If we can't shut down a pipeline or prevent fracking someplace or get a
university to
divest itself of investments in the oil industry, how can we imagine that we're actually going to overthrow capitalism?
We're here today, graduates of this proud
university, to demand that Harvard
divest from fossil fuels, not because it's easy — though it is.
Notably, Stanford
University earlier this year announced it will
divest publicly listed coal mining companies from its $ 19bn endowment, citing, like other fiduciaries as of late, the substantial environmental and social injury caused by coal as the justification for its decision.
Mann's employer this weekend began the shameful task of
divesting itself of all inflated claims on
university websites and official documentation that Mann was ever a Peace Prize recipient with Al Gore and the UN's Intergovernmental Panel on Climate Change.
Alex Epstein writes a letter published on the Center for Industrial Progress» website titled, «Don't
Divest, Educate — An Open Letter to American
Universities,» in which he and several other notable climate change deniers, including Peter Ferrara, J. Scott Armstrong, Steve Goreham, S. Fred Singer, David Schnare, Richard Lindzen, and Matt Ridley, proclaim that they are «proud to stand in favor of fossil fuels.»
«Don't
Divest, Educate — An Open Letter to American
Universities,» Center for Industrial Progress, June 5, 2013.
This coordinated effort of several organizations bringing their own delegations include youth leaders who have successfully pressured their
universities to
divest from fossil fuels.
The
university will also
divest any funds currently invested in them.
But so far, the
university has refused to
divest because its president, Drew Faust, says divestment is «likely to have a negligible financial impact on the affected companies.»
Over in the midwest, students are calling on the Badgers to
divest and just published an editorial in the
University of Wisconsin's campus newspaper (more editorials are popping up across the country, like this one from Cornell).
With Swarthmore joining Hampshire, Unity, and hopefully many more, the school can help push other colleges and
universities to
divest.
When I was a
university student we occupied the president's office demanding that our school
divest from South Africa.
OAKLAND, CA — A new campaign to push colleges and
universities to
divest from the fossil fuel industry has spread like wildfire to over 190 campuses across the country in just over a month.