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The Politics of Divestment

Associate professor of Communication Studies Matthew Nisbet wrote an article for The Conversation that details the Massachusetts Institute of Technology’s choice to not divest from the fossil fuel industry. Many other universities and corporations have made the decision to divest. MIT, however, plans to start a discussion between the university and the fossil fuel industry rather than pull it’s endowment funds out of the industry.

“The debate over fossil fuel divestment began three years ago, sparked by a magazine article that quickly went viral online.

The fossil fuel industry “has become a rogue industry, reckless like no other force on Earth,” wrote Bill McKibben at Rolling Stone. “It is Public Enemy Number One to the survival of our planetary civilization.”

Drawing comparisons to the anti-apartheid effort, McKibben urged a mass movement pressuring universities, colleges, churches and local governments to divest their holdings in fossil fuel companies.”

Read the full story at The Conversation

Featured image via The Conversation