“A Big Deal”: Bill McKibben on Rutgers Fossil Fuel Divestment & the Future of Climate Justice


Democracy Now! – Mar 10, 2021

Rutgers University has voted to begin divesting from fossil fuels, following a campaign by the student-organized Endowment Justice Collective that grew out of the Global Climate Strike in 2019. The organizing efforts led to a referendum vote in 2020 in which 90% of students supported divestment. About 5% of Rutgers’s $1.6 billion endowment is invested in fossil fuels, and under the terms of the agreement, it will now cease new fossil fuel investment and divest from passive index funds with fossil fuel investments. It said it also plans to invest in renewable energy and energy efficiency and that the school’s investment office will annually report on divestment progress. Author, environmentalist and 350.org co-founder Bill McKibben says the Rutgers divestment decision is “a big deal,” especially as it happened at one of the oldest universities in the United States. “It’s one more sign of just how much the zeitgeist has shifted,” he says.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s