The University of Maine, the University of Dayton, Stanford University, and Syracuse University are just a few among the schools that have already chosen to divest, driving down the stock price of fossil fuel companies. Watch for more to join the list.
Yesterday, the Green Man reported that students had begun a sit-in protest at Tulane University, pressuring the university’s administration to take endowment funds currently invested in fossil fuel extraction and invest them elsewhere. The idea is for universities to use their collective endowment weight to
Tulane University faculty have sent a letter to the school’s president and board of trustees, stating, “we call on Tulane University to freeze new investment in the Carbon Tracker 200 fossil fuel companies, and to divest within five years from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds.”
Yale University asserts that talking about climate change a lot, and buying efficient light bulbs, while pouring billions of dollars into dirty fossil fuels, is the right way to address global warming?
In the 1980s, nearly two hundred colleges and universities across the United States agreed to divest — that is, stop investing their endowment funds — in businesses involved in the deeply racist Apartheid regime of South Africa. In this decade, the Fossil Free movement is