Divestment is the Best Option (Opinon) l The Heights
By: Sean Sudol, April 24, 2016
Divestment is not the final answer to the climate crisis. The holdings of all American university endowments in fossil fuel companies account for less than 1 percent of these companies’ total market capital. No one actively campaigning to make this change believes that it will ruin the fossil fuel industry economically, and thus automatically lower the world’s greenhouse gas emissions. But divestment cannot be considered in economic terms alone. It is more importantly a political, social, and moral movement that speaks to a vision of a just and sustainable world—and it is gaining traction among more and more students across the country.