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Harvard Will Move to Divest its Endowment from Fossil Fuels | News

Harvard Will Move to Divest its Endowment from Fossil Fuels | News
thecrimson.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecrimson.com Daily Mail and Mail on Sunday newspapers.

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Harvard Will Divest From Fossil Fuels After a Decade of Pressure

Harvard Will Divest From Fossil Fuels After a Decade of Pressure
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Divestment gains at some colleges, but can it spread where oil rules?

But in parts of the United States where oil is a significant part of the economy, divestment isn’t discussed. Divestment advocates in Texas have made little progress convincing the state s Permanent University Fund which owns mineral rights on more than two million acres of land to part ways with oil. Jim Johnsen, the former president of the University of Alaska system, said he can’t remember ever being asked by students or employees about divestment, despite the university’s strong ties to the oil industry. Two members of the University of Alaska system s Board of Trustees have experience working in the fossil fuel sector, and parts of the university system s revenue can be traced back to oil and gas. ....

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With New Complaint, Fossil Fuel Divestment Proponents Shift From Moral To Legal Ground

Dunster House at Harvard University. (Jesse Costa/WBUR)
Activists from Boston College and Harvard University are making a new argument in their fight agains climate change: Their schools’ fossil fuel investments aren’t just immoral, they’re illegal.
Harvard students, alumni and professors on Monday filed a complaint with Massachusetts Attorney General Maura Healey s office, arguing that the university s fossil fuel investment holdings violate the state’s Uniform Prudent Management of Institutional Funds Act, which outlines certain “charitable” responsibilities for all non-profit institutions. The 56-page complaint was also signed by nine local government officials, including Boston mayoral candidate Michelle Wu. ....

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