University of Dayton Becomes First U.S. Catholic College to Divest From Fossil Fuels
Editor's note: This post was updated at 3:30 p.m.
Monday marked a historic day for the University of Dayton and colleges throughout the country.
The University of Dayton announced that it would divest its $670 million investment pool to fossil fuel companies. Monday's announcement made Dayton the first catholic university to make such a decision.
"This action, which is a significant step in a long-term process, is consistent with Catholic social teachings, our Marianist values, and comprehensive campus-wide sustainability initiatives and commitments under the American College and University Presidents' Climate Commitment," University of Dayton President Daniel J. Curran said in a statement. "We cannot ignore the negative consequences of climate change, which disproportionately impact the world's most vulnerable people. Our Marianist values of leadership and service to humanity call upon us to act on these principles and serve as a catalyst for civil discussion and positive change that benefits our planet."
The divestment will take place in phases, beginning with the removal of holdings from its domestic equity accounts. Next, the university will develop plans to eliminate fossil fuels from its international holdings to coincide with investments in green and sustainable technologies or holdings. The university will also restrict future investments in private equity or hedge funds whose investments support fossil fuel or significant carbon-producing holdings.
“It’s very good news to see Catholic institutions starting to put his wisdom into effective practice, and stand up to the powers that are trying to profit at the expense of all who depend on the proper working of this good earth," McKibben said.
Michael Galligan-Stierle, president of the Association of Catholic Colleges and Universities, was glad Dayton could set an example for other institutions.
“We applaud the University of Dayton for taking this step as perhaps the first U.S. Catholic university to divest from fossil fuels," Galligan-Stierle said in a statement on Common Dreams. "This is a complex issue, but Catholic, higher education was founded to examine culture and find ways to advance the common good. Here is one way to lead as a good steward of God’s creation."
The University of Dayton is the largest private university in Ohio.
Spring is coming. And soon, tree swallows will start building nests. But as the climate changes, the birds are nesting earlier in the spring.
"It's getting warmer overall. They're thinking, OK, it's a good time to breed, to lay my eggs," says Lily Twining of the Max Planck Institute for Animal Behavior in Germany.
She says that despite recent warming, late-season cold snaps remain common. Those cold snaps can harm newborn chicks.
Hatchlings cannot regulate their body temperature, so they are vulnerable to hypothermia. And the insects they eat stop flying in cold weather, potentially leaving the chicks to starve.
"These chicks are growing very, very fast," Twining says. "They have very high energy demands, so… if they don't get a lot of that good high-quality food during this pretty specific time… that's when these cold weather events seem to be most devastating."
For example, data from Ithaca, New York, shows that a single cold snap in 2016 killed more than 70% of baby tree swallows.
"And there have been more and more of these severe cold weather die-off events for these tree swallows as they've been breeding earlier and earlier over the past 40 or so years," Twining says.
So for these songbirds, earlier springs can come with devastating consequences.
Reporting credit: Sarah Kennedy / ChavoBart Digital Media
Reposted with permission from Yale Climate Connections.
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