The college announced this week that it is going to be investing $50 million in a responsible investment fund. This is an amazing thing. Why? Because $50 million can make a big difference if it’s invested in companies with good environmental, social and governance practices. Because the college is recognizing that its endowment can be a tool for positive change and that it should reflect the mission of the school. And finally because it shows that student organizing is working! The school created this fund as a consolation prize for a hard fought divestment campaign.
We are really excited about this, but we are not the kind of people who settle for the goldfish in a plastic bag. Desmond Tutu endorsed divestment this week, recognizing that climate change is not an issue to trifle with. Pitzer College divested from fossil fuels this week and we are going to follow suit. Wash U students continue a sit-in demanding their school cut ties with Peabody Coal, and over 100 Harvard Professors endorsed divestment in an open letter that made it to the Guardian and Bloomberg. Harvard Professors y’all! They are so smart.
We are going for the gigantic, purple teddy bear you only get after you’ve practiced shooting baskets into a moving, flaming hoop that is divestment all summer, because we think it’s worth all the sweat, the tears and the missed shots. We like our goldfish, $50 million is no joke, but we are not leaving this carnival without getting what we came for. It is the time to take serious action on climate change, and we have the opportunity to do so by divesting our endowment from fossil fuels. There is no reason why we can’t make this basket.
Written on Behalf of DIVEST MIDDLEBURY
