Fossil Fuel Divestment Debates on Campus Spotlight Societal Role of Colleges and Universities
By Jennie C. Stephens
As a new academic year begins after a summer of deadly heat waves, wildfires, droughts and floods, many college students and faculty are debating whether and how to get involved in climate politics.
Climate advocacy has become well established on U.S. campuses over the past decade, in diverse forms. More than 600 colleges and universities have signed the American College and University President's Climate Commitment. Schools are expanding interdisciplinary teaching and research in environmental studies, sustainability science and climate resilience, and investing in "greening" their campuses. And many activists on campuses around the country are participating in global campaigns like "Rise for Climate, Jobs and Justice" and "Keep it in the Ground."
One of the most controversial strategies is campaigning for schools to divest their holdings in fossil fuel companies. Campus divestment is widely viewed as mainly a student cause. But when I analyzed the movement with Peter Frumhoff of the Union of Concerned Scientists and Yale (now Stanford) graduate student Leehi Yona, we found widespread faculty support for divestment. For example, in a survey at Harvard in spring 2018, 67 percent of faculty respondents supported divestment, while only 9 percent were opposed and 24 percent were neutral.
So far, however, only about 150 campuses worldwide have committed to fossil fuel divestment—and less than a third of those are in the U.S. Why so few? I see two reasons. First, divestment is controversial because it acknowledges the need for radical change. Second, there is a disconnect in institutional priorities between administrators on one side and faculty and students on the other side.
A Growing Global Movement
Fossil fuel divestment is intended to stigmatize the industry and hold companies accountable for opposing action to slow climate change and for their strategic misinformation campaign designed to confuse the public about climate science and the risks of climate change.
To date, more than 800 institutions with assets valued at more than $6 trillion have committed to some form of fossil fuel divestment. They include the Rockefeller Brothers Fund, the Guardian Media Group and the World Council of Churches.
New York City has set a goal of divesting its pension funds from fossil fuel companies by 2023. And in July 2018, the Irish parliament passed a bill making Ireland the first country in the world to divest from fossil fuels.
Check out our Open Letter to President Brown, who has rejected us 16 times. #DivestBU https://t.co/20nnjII7q5— Divest BU (@Divest BU)1487739757.0
Student and Faculty Support
Our analysis of campus support for divestment focused on 30 colleges and universities in the U.S. and Canada. We reviewed the number and type of faculty at these schools who had signed publicly available letters endorsing fossil fuel divestment. More than 4,550 faculty had taken such positions, representing all major disciplines and fields. They included 30 members of the National Academies of Sciences, Engineering and Medicine and two Nobel laureates. These findings suggest that faculty engagement in the divestment movement is broader than generally realized.
Faculty support reflects concern about fossil fuel companies' negative influence in our political system, in our increasingly unequal economy and in public understanding of science. Faculty are also concerned about the industry's direct influence over research and teaching within higher education.
A wide array of U.S. schools, ranging from large state universities to prestigious elite institutions such as Harvard and MIT, have received financial support from individuals or foundations whose wealth comes from fossil fuels. Many professors and students are concerned about how these relationships constrain campus research, inquiry and conversation about responses to climate change and the need for radical change in energy systems.
New York City Mayor Bill de Blasio announces on Jan. 10, 2018, that the city will seek to divest its pension funds from fossil fuel holdings by 2023. City of New York
Resisting Calls to Divest
So why have leaders at institutions like Harvard, Swarthmore and Middlebury resisted faculty and student calls to divest? Many administrators cite their fiduciary responsibility to maximize returns on endowment investments. However, a recent study that compared financial performance of investment portfolios with and without fossil fuel companies from 1927-2016 found that fossil fuel divestment did not reduce investment portfolio performance.
Administrators also often contend that their school's investments should not be politicized. They say the endowment is not an appropriate lever for social change. But there is no such thing as an apolitical investment. Every investment does, in fact, influence change in one way or another. Many schools are now implicitly acknowledging this by developing guidelines for socially or environmentally responsible investing.
Senior administrators may also fear alienating important university constituents who are connected to the fossil fuel industry. They may feel a need to protect direct or indirect funding from fossil fuel companies for academic programs, or to maintain a non-threatening environment for board members with fossil fuel interests.
Higher education administrators also resist calls to divest because they recognize the potential for campus activists to call for divesting from other ethically challenged businesses, including tobacco and firearms. As social impact investing grows, it is not clear whether or how fossil fuel energy companies will be integrated.
Colleges and Universities as Citizens
The core missions of our institutions of higher education are to generate knowledge and educate citizens and leaders. Many schools also embrace a third role: addressing pressing social issues, whether through research and teaching or other strategies—for example, protecting undocumented students from the Trump administration's aggressive enforcement of immigration law.
Education scholars have argued that all universities transmit powerful educational messages far beyond their specific teaching and research activities. Concepts of "universities as citizens" or "universities as change agents" capture the potential for universities to be active, contributing, influential and responsive members of society. Higher education thought leader Richard Freeland and many others have argued that colleges and universities have a responsibility to cultivate civic responsibility and citizenship via a scholarship of public engagement.
As disruptions linked to climate change become more intense, many faculty and students are asking why their schools are not explicitly incorporating their strategic societal priorities into financial decisions and investment portfolios. Under the Trump administration, standing up against misinformation about climate change takes on greater urgency.
That's why I believe fossil fuel divestment raises important questions about the changing role and responsibilities of higher education in society. At this moment in human history, education must engage with how to bridge the gap between knowledge and action. Divestment debates are forcing colleges and universities to reconsider how to contribute to a more resilient and sustainable future.
How Bill McKibben’s Radical Idea of Fossil-Fuel Divestment Transformed the Climate Debate https://t.co/NDON6OKOT2… https://t.co/Hms9DMfUKg— EcoWatch (@EcoWatch)1513096177.0
Reposted with permission from our media associate The Conversation.
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By Matt Casale
There were many lessons to be learned from Texas' prolonged periods of lost power during its cold snap, which saw temperatures drop into the single digits. But one many people may not recognize is that electric vehicles, or EVs, can be part of a smart resiliency plan — not only in the case of outages triggered by the cold but in other scenarios caused by extreme weather events, from fire-related blackouts in California to hurricane-hit power losses in Puerto Rico.
A car driving in the snow in Dallas, Feb. 2021. Matthew Rader / CC BY-SA 4.0<p>Experts recognize that electric vehicles are a central climate solution for their role in reducing greenhouse gas emissions. But EVs are also essentially batteries on wheels. You can store energy in those batteries, and if EVs are equipped with something called <a href="https://en.wikipedia.org/wiki/Vehicle-to-grid" target="_blank">vehicle-to-grid</a> or vehicle-to-building technology, they can also be used to keep the lights on in emergencies. The technology allows the energy being stored in an EV battery to be pushed back into the grid or into buildings to provide power.</p><p>There are hurdles: The technology is still <a href="https://www.greenbiz.com/article/vehicle-grid-technology-revving" target="_blank">developing</a>, the vast majority of EVs currently on the road do not have this capability, and utilities would need regulatory approval before bringing it to scale. But done right it could be a great opportunity.</p><p>Electric car batteries can hold approximately <a href="https://www.wri.org/blog/2019/11/how-california-can-use-electric-vehicles-keep-lights" target="_blank" rel="noopener noreferrer">60 kilowatt hours (kWh)</a> of energy, enough to provide back-up power to an average U.S. household for two days. Larger electric vehicles like buses and trucks have even bigger batteries and can provide more power. The American company Proterra produces electric buses that can store <a href="https://www.proterra.com/press-release/proterra-launches-zx5-electric-bus/" target="_blank" rel="noopener noreferrer">up to 660 kWh of energy</a>. Electric <a href="https://www.wsj.com/articles/electric-trash-trucks-are-coming-quietly-to-your-town-11602098620#:~:text=Electric%20trash%20truck%20love%20is%20in%20the%20air.&text=A's%20program%20to%20reduce%20carbon,being%20primarily%20electric%20by%202023." target="_blank" rel="noopener noreferrer">garbage trucks</a> and even <a href="https://www.nytimes.com/2020/03/19/business/electric-semi-trucks-big-rigs.html" target="_blank" rel="noopener noreferrer">big-rigs</a>, with bigger batteries, are becoming a reality too.</p>
MTA New York City Transit / Marc A. Hermann / CC BY 2.0<p>If equipped with vehicle-to-grid or vehicle-to-building technology, those cars, buses and trucks could prove invaluable during future blackouts. People could rely on their cars to power their houses. Municipalities, transit agencies and school districts could send out their fleets to the areas most in need. We could power homes, shelters and emergency response centers — and could keep people warm, healthy and comfortable until power could be restored.</p><p>But to add this great resiliency tool to our arsenal in times of extreme weather, we must significantly increase the number of EVs on the road. In 2019 electric cars accounted for only about <a href="https://www.energy.gov/eere/vehicles/articles/fotw-1136-june-1-2020-plug-vehicle-sales-accounted-about-2-all-light-duty" target="_blank">2%</a> of all light-duty vehicle sales in the country. Electric buses and trucks are becoming more common in the United States, but still only represent a tiny fraction of the fleet. As it stands now, the EVs currently on the road, even if equipped with vehicle-to-grid technology, would do little to help a broad swath of the population in need of power.</p>
A line of electric cars at charging stations. Andrew Bone / CC BY 2.0
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