OSU faculty call for divestment l Corvallis Gazette-Times
May 24, 2016
More than 100 Oregon State University faculty, staff and graduate students have called on the nonprofit foundation that supports the university to dump its financial holdings in fossil fuel companies.
In a letter to the OSU Foundation posted, the group cited the need to combat climate change by keeping oil, coal and natural gas reserves in the ground, where they won’t produce greenhouse gases that will further heat the atmosphere.
by Wal van Lierop, May 24, 2016
- For those of us who aspire to a carbon-free future, divestment is a double-edged sword. Divestment from fossil fuels does not equal re-investment into alternative energysources. Divestment also means losing your vote. If you’re anExxonMobil XOM +0.65%, Chevron CVX +1.62%, ConocoPhillips COP +3.54%, or Marathon Oil MRO +4.03% shareholder who cares about climate change, now is the moment to keep your seat at the table. Once you’re gone the companies have no reason to listen to you.
By Luke Kemp, May 20, 2016
The Paris climate agreement has been praised for sending a strong signal to the world that we are now serious about cutting greenhouse emissions.
Yet despite the diplomatic acclaim, the Paris deal doesn’t offer much in concrete terms. It is a simple global show-and-tell regime with no enforcement – if countries miss their targets they will receive little more than a talking-to.
For many, the deal’s saving grace is the message it sends to investors, businesses and the wider world outside diplomatic and political circles. The Economist has summed up this “investment signal” idea well:
Perhaps the most significant effect of the Paris agreement in the next few years will be the signal it sends to investors… [After Paris] the idea of investing in a coal mine will seem more risky.
Investing For a Sustainable Future l MIT Sloan Management Review
May 11, 2016
- Investors see a strong link between corporate sustainability performance and financial performance — so they’re using sustainability-related data as a rationale for investment decisions like never before.
Divest Harvard: Thinking Outside the Yard l Harvard Political Review
By: Bella Roussanov, May 6, 2016
- On Tuesday, April 12, about thirty protesters gathered outside of the Boston Federal Reserve building, home of the Harvard Management Company, protesting current investments in fossil suels. Four students—three graduate students and an undergraduate—entered the building to protest in the lobby, later to be arrested.
By: Debbie Kelley, May 1, 2016
A May 1st deadline Colorado College students and alumni set last spring to commit to divesting its investment portfolio from fossil fuels has come and gone, to the dismay of students pushing for change. "It's really too bad to see the board take such a lackadaisical stance on this," said Ben Criswell, a senior. "Coming here as a student, we see the college branding Colorado College as innovative, cutting-edge, environmentally friendly - but our investment principles aren't reflecting that. It's unfortunate."
Hundreds Rally at Dartmouth, Calling for the Endowment to Abandon Its Investments in Fossil Fuel Companies
By: Aimee Caruso, April 30, 2016
More than 400 people marched to the Dartmouth College president’s house yesterday afternoon as part of a demonstration urging the school to drop its investments in the “dirtiest fossil fuel companies.”
Hundreds March for University of Cambridge Divestment From Fossil Fuels, as More Radical Action is Planned
By: Tom Richardson, April 30, 2016
- Students and supporters took to the streets on Saturday to demand the University of Cambridge and colleges divest from fossil fuel companies. Marchers progressed though the city centre, chanting an banging drums, before a rally outside Senate House where speakers included Cambridge MP Daniel Zeichner, who expressed his support for the Zero Carbon campaign leading the protest.
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.
University of Utah Decision on Fossil Fuel Divestment is About Changing Political Landscape (Opinion)
By: Ryan Pleune, April 29, 2016
The University of Utah has been debating the issue of divestment since 2012 when students brought the question to their student body, and on Monday the faculty in the Academic Senate will vote on it. Some faculty carry a misconception that this will financially wreck the university. The truth is that the cost to the endowment is relatively small and in the long term it could be revenue positive. This will not directly cut any scholarships and research money coming from the fossil fuel industry and it does not prohibit charitable donations from the fossil fuel industry.