Daily Archives: October 7, 2013

Harvard Refuses to Divest from Fossil Fuels

http://www.environmentalleader.com/2013/10/07/harvard-refuses-to-divest-from-fossil-fuels/

October 7, 2013

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Harvard University, which has the world’s largest college endowment valued at $32.7 billion, has decided to continue its investment in fossil fuels, despite heavy pressure from environmental activists.

The announcement comes after the August hire of Jameela Pedicini as Harvard’s first vice president for sustainable investment, a position created following a student-led activist campaign demanding the school divest its holdings in fossil fuel companies.

In a letter posted on Harvard‘s

website, the college’s president Drew Faust says despite numerous conversations with students criticizing the university’s fossil fuel investments and her own belief in the “importance” of addressing climate change, she and the university’s corporation committee on shareholder responsibility have agreed that divestment from the fossil fuel industry would be neither “warranted or wise.”

Faust’s argument against divestment hinges on Harvard’s existence as an educational institution rather than an advocacy platform. The funds in the endowment, Faust says, were given to Harvard by benefactors seeking to advance academic aims, not to serve other purposes, “however worthy.” As a result, those in charge of the investments maintain a “strong presumption” against divesting investment assets for reasons unrelated to the endowment’s financial strength, Faust writes.

(read more)

Global Climate Change http://courses.dce.harvard.edu/~envre130
Environmental Justice http://courses.dce.harvard.edu/~envre145
Environment Ethics http://courses.dce.harvard.edu/~envre120

Yes, Harvard, the Climate Crisis Is an ‘Extraordinarily Rare Circumstance’

http://www.thenation.com/blog/176188/yes-harvard-climate-crisis-extraordinarily-rare-circumstance

Wen Stephenson on September 16, 2013 – 6:00 PM ET

Harvard University (Flickr/Kelly Delay)

The following is the text of my keynote speech at the first Divest Harvard alumni demonstration, outside Massachusetts Hall in Harvard Yard, on Monday, September 16, 2013. As of this writing, more than 500 Harvard graduates have signed the Alumni Resolution calling on the university to divest from fossil fuels.

Let me ask you something: Why are we here? Why are we standing here, in this place, right now? Why are you here?

I’ll tell you why I’m here. I’m here because I’m afraid. I’m the father of two young children, and I’m scared. And I’m here because I’m angry. That’s right. I’m angry. But most of all, I’m here because I’m determined. I’m determined to fight alongside these students for a just and stable future on this planet.

In the fall and spring of 1986 and ’87, as a freshman at this college, I lived on the top floor of Massachusetts Hall. My dorm room—right up there, in the top northeast corner, two floors above the President’s offices—faced out over the Yard, and I have vivid memories of large protests demanding that this university divest from companies doing business in apartheid South Africa. Suffice it to say, it got loud out here. Very, very loud.

– See more at: http://www.thenation.com/blog/176188/yes-harvard-climate-crisis-extraordinarily-rare-circumstance#sthash.f0UQJsIr.dpuf

Global Climate Change http://courses.dce.harvard.edu/~envre130
Environmental Justice http://courses.dce.harvard.edu/~envre145
Environment Ethics http://courses.dce.harvard.edu/~envre120

Putting the Carbon Genie Back in the Bottle: by Rob Lerner at TEDxSanMiguelDeAllende

E130, e120,

“US ‘God-sent’ obligation to be above all else is dangerous” – Russian Envoy to UN

E120,

Typhoon Fitow lashes eastern China

E120, e130, e145,

3MIN News October 7, 2013: Fukushima, Giant Waves, Solar Awakening

E120, e130

Democracy Now! U.S. and World News Headlines for Monday, October 7

Greenpeace International – international solidarity action at 9min 11 seconds.

E120, e130