Our Universities’ Investments in Fossil Fuels Are Unethical — and Illegal
within 100 years, leaving MIT’s campus at risk. Even by measures of self-interest alone, fossil fuels are not good investments. These holdings violate our schools’ fiduciary duties to their students and their most basic commitments to keep us safe.
Divestment is the most powerful indictment. Rather than allowing selfish actors to set their own timetables for change, divestment is an immediate and concrete action that moves capital away from exploitive corporations and hinders their ability to wreak destruction on our bodies, ecosystems and communities. We believe that endowments, especially ones of the staggering size represented by our universities, are inherently political forces that are never “neutral.
But it is clear we can’t rely on moral appeals to dig us out of the pit of climate emergency. Despite knowing it’s wrong to profit off the destruction of students’ futures, our universities continue down the road of complicity with their irresponsible investments. Direct action and rhetorical ethics alone haven’t been enough to inspire them to do what’s right.
This legal approach puts teeth in the moral argument activists have been making for decades. The window is closing for our schools to do what is right on their own terms. Soon, they will be divesting on our terms, and the law’s.
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