divestment

April 1, 2015 - 12:24pm
The announcement came after months of student groups calling for the university to divest.

Syracuse University announced Tuesday that it would formally commit to prohibiting investment of the endowment in coal mining and other fossil fuels.

The university administration officially decided to stop investing the endowment in publicly traded companies dealing in fossil fuels, according to an SU News release

November 20, 2013 - 4:32pm
Students all over the country are pressuring their administrations to remove their investments from fossil fuels. But as time passes and the campaign gets little reaction, questions arise as to whether this approach is actually beneficial.

In October 2012, Bill McKibben, renowned climate change activist and founder of 350.org (and a personal hero of mine) kicked off the “Go Fossil Free” campaign, encouraging students to encourage their institutions to divest their massive endowment funds from fossil-fuel based companies. Roaming the country on his “Do The Math” tour, McKibben put it simply: fossil fuels are causing climate change, and unless we “rise up to stop them,” fossil fuel companies will keep doing what they do – making money by destroying our planet.