October 20, 2014
PITTSBURGH (AP) - The student campaign to press colleges and universities to divest from fossil fuel investments is entering a new phase, now that administrators at several top schools have said no.
Students say the refusals from Harvard, Brown, Cornell and other schools have been both a shock and a motivation for the Fossil Free campaign, which is active at more than 200 campuses. But there have been successes, too, as eight schools have voted to divest, along with some cities and independent pension funds.
The strategy aims to limit the flow of capital to fossil fuel companies by making their stocks morally and financially unattractive. In theory, that could lead to a slowdown in how much fossil fuel is burned and help speed investments in renewable energy.