Do you want your five minutes of fame? Because WE WANT YOU! We are looking for short (aka SHORT) quotes and a photo of you (can be silly) for our Sunday Climate Quote of the Week on our Facebook page! Please send to firstname.lastname@example.org.
by Nathanael Nerode, Carleton Class of 1998 – Originally published in Clean Technica, November 18, 2018
- There is a very short window of time to get out of pure-play oil & gas company investments without substantial losses. It is imperative to sell them now.
- It is already too late to get out of pure-play coal company investments without substantial losses. But they will lose even more money going forward.
- Utility companies which have a heavy reliance on fossil fuels are also in trouble.
- Diversified companies will lose money on their coal, oil, and gas portfolios, although this may not be significant enough to warrant getting out of a diversified company.
- It will remain possible to do short-term swing trading in coal, oil, and gas companies with no future, but this is inappropriately risky behavior for a conservative investor.
Divest Carleton created flags to help publicize #DivestCarleton during the parade. Thank you to all who designed and made the flags, and to all the alumni that waved them proudly!
Divest Carleton hosted a panel discussion in the Goodhue Superlounge that attracted 88 participants and generated great discussions.
The panel was moderated by Joel Weisberg, professor of physics and astronomy. Panelists included Daniel Groll, professor of philosophy and the faculty co-chair of the Carleton Responsible Investment Committee (CRIC); Aaron Swoboda, ’01, professor of environmental studies and economics; David Loy, ’69, author of Echodharma: Buddhist Teachings for the Ecological Crisis; Maddie Halloran, ’14, natural resources graduate student; and David Roizin, ’20, Divest Carleton student leader and economics major.
Divest Carleton is working to host another panel at the Reunion in June 2020. Contact Divest Carleton at email@example.com if you would like to assist in our efforts!
The worldwide movement to divest from fossil fuel companies is rapidly escalating. According to the Fossil Free campaign, 1055 institutions have committed to divesting $8.73 trillion, including seven U.S. News-ranked liberal arts colleges: College of the Atlantic, Warren Wilson, Northland, Pitzer, Lewis and Clark, Whitman, and most recently Middlebury, which shares Carleton’s ranking.
Considering this momentum, we compare the Carleton Board of Trustees’s stated reasons for refusing divestment with the reasoning of the seven liberal arts colleges.
In reply to the recent “Every Carl for Carleton” campaign, set to raise the college’s endowment to over $1 billion, alumni are enhancing pressure for the administration and board of trustees to divest from fossil fuels. The response campaign, “Every Carl for Divest,” intends to highlight Carleton’s moral ideals that the capital campaign advertises, the greater financial possibility of divestment with a larger endowment, and alumni involvement within the divest movement.
by Rebecca Hahn and Brett Smith
The support for Carleton to divest from fossil fuels has been high for years, and is only continuing to grow. This past reunion, the alumni Divest Carleton group collected over 300 additional signatures on its petition, for a total of over 1300. The student petition, as of 2017, listed over 1000 signatures. The recently formed Carls Talk Back movement also included divestment from fossil fuels in its list of demands.
Divest Carleton’s request is for the College to divest from all its fossil fuel holdings, including those commingled in the endowment. But the Board of Trustees hasn’t even taken the easy step of dropping its fossil fuel direct holdings. This is despite the near-unanimous recommendation by the Carleton Responsible Investment Committee in 2015 that it do so (a recommendation that the Board itself requested).
Members of the Class of 2016 sent an email to their fellow graduates last month, calling on them to protest the Board’s refusal to divest from fossil fuels by withholding contributions to the traditional “class gift.” The result was the smallest class gift donation in recent memory, and a powerful rebuke to the college from its newly-minted alumni. Here is the text of their email:
Two years ago we posted the text of Dr. Loy’s speech on the occasion of the awarding of his degree. He spoke eloquently then about the moral obligation to engage in the ecological challenges of our time, and specifically called upon Carleton College to divest. The Board has refused. Here is the text of his letter delivered on Earth Day 2016.
January 11, 2016
An Open Letter to the Carleton Trustees: Divest From Fossil Fuels
Letter from Divest Carleton Students in response to Trustees’ 11/12/15 Memo to CRIC Regarding Divestment