Climate Victory of the Week: Syracuse Divests

Fabulous article!

Protecting Our Waters

Syracuse University Divestment Day. Photo: Divest SU and ESF Facebook page

An 18-day sit-in sure helped: Syracuse University announced on March 31st that it is dropping all fossil fuel stocks from its $1.2 billion endowment. Stanford University promised last year to drop coal stocks from its huge  $21.4 billion endowment. But Syracuse is now widely reported to be the largest endowment to “completely divest” from all fossil fuel stocks.

The students, while jubilant at the victory, nonetheless critiqued the New York Times for being less than completely accurate in reporting on the divestment announcement. From the Syracuse divestment campaign’s Facebook page:

“But the article is wrong about full divestment – Syracuse University put a prohibition on direct investments from fossil fuels, which they had none of in the first place. SU still has substantial investments in fossil fuels through external fund managers.”

Student protesters sit in the lobby of Crouse-Hinds Hall shortly after entering the building on Monday afternoon. The students slept over in Crouse-Hinds on Monday night and plan to stay until at least Thursday. November 2014: Chancellor Syverud visits students staging…

View original post 179 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s