Students Stage Day of Action As Harvard University Refuses to Divest From Fossil Fuels

EcoWatch | April 30, 2014 3:17 pm

Student activists with the Divest Harvard campaign blockaded one of the main entrances to Harvard University President Drew Faust’s office in Harvard Yard today, kicking off a day of non-violent action. Students are calling for an open debate about fossil fuel divestment with the Harvard Corporation after having been denied a public meeting with the administration since fall 2013, according to the groups press release.

Supported by 350.org and Better Future Project, the campaign is part of a global movement including more than 400 campuses calling for endowments to divest from publicly traded coal, oil and gas companies that own the majority of the world’s carbon reserves. The fossil fuel divestment movements aims to stigmatize and decrease the influence of fossil fuel companies responsible for the worsening climate crisis.

Divest Harvard is calling on the university to:

  • Immediately freeze any new investments in fossil fuel companies
  • Immediately divest direct holdings (currently $17.3 million) from the top 200 publicly traded fossil fuel companies
  • Divest indirect holdings in the top 200 fossil fuel companies within five years and reinvest in socially responsible funds

…(read more).

Global Climate Change
Environmental Justice
Environment Ethics

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