Fossil fuel divestment movement taking off at Cornell, Tufts

Published on Monday, February 11, 2013 by Common Dreams
At Cornell and Tufts, Fossil Fuel Divestment Campaign Gains Ground
Bill McKibben: ‘It’s been kind of amazing to watch’ the fossil fuel divestment campaign grow at campuses across the nation
– Andrea Germanos, staff writer

The calls for fossil fuel divestment at universities are growing louder, with the most recent calls coming from Tufts and Cornell students urging their universities to take climate action and divest their endowments from the polluting industries.

On Sunday, the Tufts Community Union Senate, which represents undergraduate students to the administration, overwhelmingly passed a resolution calling upon the university to divest its endowment from fossil fuels.

The resolution (.pdf), which passed by a 24 – 1 vote, cites Tufts’ vision statement that reads “as an institution, we are committed to improving the human condition,” and

calls upon the Board of Trustees to immediately stop any new investment in fossil fuel companies; and to ensure that within five years none of its directly held or commingled assets include holdings of either public equities or corporate bonds in fossil fuel companies as determined by the Carbon Tracker list;

In a similar move, on Thursday, Cornell’s Student Assembly voted 22 – 2 to for a resolution calling for its university’s endowment to divest from fossil fuels.

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