Cambridge, Mass. - With climate change policy deadlocked, there’s a rapidly growing movement on campuses nationwide to convince universities to yank their investments in fossil fuel companies.
And at Harvard—where the nation’s largest, $30.7 billion endowment makes it the top target—student activists are seeing what they hope are signs that the administration might budge on the issue.
The university this month agreed to meet with students about the endowment’s investments in fossil fuel companies, and separately announced it would create an alternative university fund dedicated to socially responsible investments. The administration has made it clear that it still has a “strong presumption against divestment,” but after two successful student referendums pushing for responsible investment, student leaders are hoping there’s a crack in the door.