OPINIONS

Faculty Repeat Call for Fossil-Fuel Divestment

4 November 2015

Dear President Hennessy and the Board of Trustees,

As faculty of Stanford University, we write to request an answer to our letter of March 2014 (http://www.stanfordfacultydivest.org/). Since it was delivered to President Hennessy last year, our letter has continued to gain support, and faculty signatories now number 376. Every signature represents a serious and considered call for Stanford’s Board of Trustees to follow through on last spring’s admirable decision to divest from coal by comprehensively divesting from fossil-fuel companies.

Our letter received no direct answer. However, in a recent statement addressed to Laurent Fabius, president of the upcoming COP21 global climate summit, President Hennessy and Board of Trustees Chair Steven A. Denning mention Stanford’s intention to begin researching fossil-fuel corporations on a company-by-company basis. Though the statement implies that this research will become the basis for individual divestment decisions, no criteria for divestment are specified, no timetable for the research is given and no deadline for decisions has been indicated.

This company-by-company approach fails to honor the urgency of the crisis and disregards the call for comprehensive divestment by faculty, who include many of the world’s most renowned climate researchers. Our students’ futures are shadowed by the looming catastrophes of climate change: we therefore advocate comprehensive fossil-fuel divestment as a clear ethical assertion that the University holds students’ well-being above any other value. In the hope Stanford will embody the kind of change the world desperately needs to see, we call again for your commitment to comprehensive fossil-fuel divestment.

Sincerely,

 

Professor Elizabeth Tallent

Creative Writing Program and Department of English

 

Professor Paul Ehrlich

Bing Professor of Population Studies

Department of Biology

 

Professor Mark Jacobson

Professor of Civil and Environmental Engineering

Director, Atmosphere/Energy Program  

 

Professor Shelley Fisher Fishkin

Joseph S. Atha Professor in Humanities

 

Professor Paula Moya

Department of English and, by courtesy, of Iberian and Latin American Cultures

 

Professor David Palumbo-Liu

Louise Hewlett Nixon Professor and, by courtesy, Professor of English

 

Contact Elizabeth Tallent at tallent ‘at’ stanford.edu.  

 

  • skullbreathe

    I hope the University calculates the lost revenue from investments by this divesture and deducts the income to salaries and benefits from these teachers. Plus, explain to the students why certain classes, events and degrees must be terminated due to costs no longer matching revenue. Then they can thank these teachers…#MindlessSymbolism

  • DigitalGalaxy

    It’s far from mindless symbolism. Granted, the individual impact of one University divesting on the fossil industry will be “negligible” if that. However, mass divestment creates what is needed: a stigmatizing effect. Make it socially unacceptable to do business with the companies that are destroying our planet.

    As for your point about lost revenue, the entire financial structure of every major university is nothing but a garbage pit of unmitigated waste, mismanagement, and failure. Addressing that underlying cause is what will cure the problem, not profits from fossil fuel companies.

    We need to get on wind/solar power and electric cars, fast. Anything else out of these universities is sheer hypocrisy, and you can’t put a price on that.