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Harvard Students Launch Open-Ended Sit-In Demanding Full Divestment From Fossil Fuels


#1

Harvard Students Launch Open-Ended Sit-In Demanding Full Divestment From Fossil Fuels

Sarah Lazare, staff writer

Dozens of students on Thursday morning launched a sit-in at Harvard University to demand that the institution divest its $36.4 billion endowment—the largest college nest egg in the world—from fossil fuel companies, in step with a global movement to de-fund and de-legitimize the industries driving global warming.

At the time of publication, over 30 students were still occupying Massachusetts Hall, which houses administrative offices, including that of President Drew Faust.


#2

In international divestiture: Norway last week announced some sovereign wealth fund divestitures
http://ciel.org/wordpress_211560016/?p=1973


#3

You woul think that Harvard students would understand that "divestment" has absolutely no impact on the targeted company. When, or if, Harvard sells their oil stocks it will be selling them to a willing buyer at market rates. The oil company is not involved at all. They made their money on those shares when they were originally issued. I rather doubt that Harvard owns enough shares to seriously affect the market when they sell.

The better thing would be to encourage the purchase of enough shares to have a significant voting bloc at shareholder meetings. Shareholders own the company, and enough like-minded shareholders could change a company's direction.


#4

I wonder if they know that it is the Animal Industry that is the #1 contributor the Climate Change and not fossil fuels. Perhaps they should stop eating meat and dairy if they really want to make an environmental impact.