Harvard’s investments fuel protest

Written By Unknown on Kamis, 01 Mei 2014 | 16.30

A blockade of Harvard University President Drew Faust's office yesterday failed to convince school officials to divest from fossil fuel companies, but students pledged not to give up.

"This is the first of many big steps we're prepared to take," said Kelsey Skaggs, a Harvard Law School student. "We will continue to put pressure on the administration until they divest."

The day-long protest began at 6 a.m. outside the administrative offices in Massachusetts Hall with about 30 members of the Divest Harvard campaign, part of a global movement with more than 400 campuses calling for endowments to divest from the top 200 publicly traded oil, coal and gas companies that own the majority of the world's carbon reserves and are responsible for the climate crisis, the students said. As of 4:30 p.m., no arrests had been made.

In a statement yesterday, Harvard acknowledged the "serious dangers posed by climate change" and said that Faust, other members of the Harvard Corp. and representatives of Harvard Management Co. have discussed those issues "on many occasions, including multiple meetings with Divest Harvard."

"As an institution, our focus remains on how our programs of research and education can best contribute to accelerating the transition to renewable sources of energy, how our institutional practices can best model a commitment to sustainability and how our investments can take appropriate account of environmental, social and governance factors in ways that advance the endowment's paramount aim of supporting Harvard's academic mission," the university said.


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