New Carbon Charge at Swarthmore College is Not a Substitute for Divestment

New Carbon Charge at Swarthmore College is Not a Substitute for Divestment l The Daily Gazette

 April 29, 2016

  • In this letter to the Board of Managers, Swarthmore College alumni express their thoughts on Swarthmore's recently instituted carbon charge policy. They argue that the carbon charge does not do enough to cement Swarthmore’s role as a leader in the global transformation to a sustainable future and is not a replacement for divestment. Siting Yale University’s decision to partially divest its endowment, they aim to show that divestment is financially prudent and Swarthmore should follow Yale's example. The alumni state that the urgency of climate change requires us to use every tool we have at our disposal — which includes divestment.