Another University Considers Symbolic Fossil Fuel Divestment

dartmouthA Dartmouth College presidential committee report suggests divesting fossil fuels would be relatively easy since only a sliver of the school’s overall endowment is sunk in oil.

The Dartmouth Presidential Committee report, issued by President Philip Hanlon, detailed the pitfalls and supposed benefits of selling the school’s oil and coal assets, and also laid out a diverse analysis of divestment in general.

“Dartmouth supports vigorous open debate of ideas within a community marked by mutual respect, as well as a culture of integrity, self-reliance, collegiality and a sense of responsibility for each other and for the broader world,” the members of the school’s Board of Trustees said about divestment in 2014. “The use and management of Dartmouth’s resources are to advance this mission and these values.”

Professor of engineering and the report’s author, Mark Borsuk, explained the study’s findings — warts and all. He essentially said the school had so few assets sunk in fossil fuels that divesting would result minimal consequences.

“Of more direct relevance to Dartmouth is the fact that, while Dartmouth directly holds approximately $43M in fossil fuel related assets, the vast majority (>95%) of that amount is held in working capital pools, with only about $2M held in the endowment,” Borsuk said. “Thus, even with full divestment of direct endowment holdings, the potential financial impact of any reasonable estimate of the diversity penalty would be minimal.”

Still, the mostly symbolic gesture was met with applause from members of the schools divestment crowd.

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  • Avatar

    Amber

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    The members of fossil fuel divestment crowd cheered and then jumped in their Volvos and Subaru’s to head over to the bar for a few beer made courtesy of fossil fuels . The fossil fuel shareholders thank them and really appreciate their voluntary lost voice as non-shareholders .
    Why not go all the way and have no investments in any company that uses fossil fuels for anything . Let’s see there is …. ?

    Reply

  • Avatar

    GR82DRV

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    At a time when universities and colleges are demanding outrageous tax increases and tuition hikes to pay their arrogant, non-teaching, tenured faculties, they load the curriculum with activist nonsense and grant worthless degrees in areas like gender studies to graduates with a hundred thousand dollars or more in student debt.

    Once the center of open inquiry and free speech, colleges have become openly hostile and intolerant of anything but leftist dogma. Meanwhile they make politically motivated self-aggrandizing proclamations like this…

    Is it any wonder that traditional colleges are rapidly becoming irrelevant and unaffordable?

    Reply

  • Avatar

    GR82DRV

    |

    At a time when universities and colleges are demanding outrageous tax increases and tuition hikes to pay their arrogant, non-teaching, tenured faculties, they load the curriculum with activist nonsense and grant worthless degrees in areas like gender studies to graduates with a hundred thousand dollars or more in student debt.

    Once the center of open inquiry and free speech, colleges have become openly hostile and intolerant of anything but leftist dogma. Meanwhile they make politically motivated self-aggrandizing proclamations like this…

    Is it any wonder that traditional colleges are rapidly becoming irrelevant and unaffordable?

    Reply

  • Avatar

    Amber

    |

    I would be ticked off too if I’d paid a $100,000 to land a coffee shop job . Well maybe not a coffee shop because they use fossil fuels .
    How about a degree in hypocrisy ?
    Activists seem to ignore that climate always changes and we are fortunate to be in a long term warming cycle. Dartmouth’s location used to be under ice . Humans fraction of 1% added contribution of CO2 is tremendously helpful for plants and forest growth . That is why greenhouse create added CO2 to foster plant growth .

    Scary global warming is a place to voice anger over what ever social injustices are
    up your nose .
    As GR82DRV points out colleges are rapidly becoming unaffordable and many will be long gone before the earth has a fever . But rail on .

    Reply

  • Avatar

    Amber

    |

    I would be ticked off too if I’d paid a $100,000 to land a coffee shop job . Well maybe not a coffee shop because they use fossil fuels .
    How about a degree in hypocrisy ?
    Activists seem to ignore that climate always changes and we are fortunate to be in a long term warming cycle. Dartmouth’s location used to be under ice . Humans fraction of 1% added contribution of CO2 is tremendously helpful for plants and forest growth . That is why greenhouse create added CO2 to foster plant growth .

    Scary global warming is a place to voice anger over what ever social injustices are
    up your nose .
    As GR82DRV points out colleges are rapidly becoming unaffordable and many will be long gone before the earth has a fever . But rail on .

    Reply

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