Seattle University Rejects Divestment From Fossil Fuels

Comments

1
I'd just like to point out that if we properly funded our state colleges, it would reduce the overall financial risk these institutions face and make the decision to divest that much easier.
2
Well, you can see how this would be especially problematic for S.U.

Drop the last word from the battle cry "Dump the Fossil Fuels," and there go the Catholic clergy.
3
@1 Seattle University is a private college. Still, a good point.
4
I was at a faculty and staff event on SU's sustainability efforts last week. The president said SU does not directly invest in any fossil fuel companies and that divesting from the university's mutual funds is more complicated even if it is a very small percentage involving fossil fuel companies. The student speaker made compelling case for divestment that was received well.
5
To quote your own article.... "The evidence from South Africa suggests that divestment, while ***ineffective in a financial sense***, can have an impact by shaping public discourse."

Useless. I don't know why you've been parroting so much crap about divestment lately, Stranger.
6
@5: Because it's Ansel, who never lets the facts get in the way of his overwrought opinions.
7
Setting snark aside, you can look to the history of disinvestment in South Africa that ended apartheid to see, in large part, how this will evolve.

First off, the knee-jerk response is always (cue whiny voice) "It's tooo harrrrrd! So, so complicated! Mutual funds don't only invest in fossil fuels [apartheid], they also invest in lots of other things that everybody agrees are good!"

Put the pressure on the mutual funds and other mixed investments, and they will take care of their own little corner of the market.

The Koch-suckers at the American Legislative Exchange Council (ALEC) will be actively trying to sabotage fossil-fuel divestment, just as they attempted for anti-apartheid divestment. Forewarned is forearmed.

http://www.rightwingwatch.org/content/sh…

http://www.thenation.com/blog/177509/ale…
8
How many of these students own a car that uses gasoline?

9
I would venture the divestment would run against the School's Investment Policy Statements. Consolidated money like this can't be invested willy nilly and it's certainly not up to one person. A board of individuals representing the university work with Investment Advisors to develop an investment plan that outlines the goals and what they'll invest in to achieve them. It's likely that changing the IPS to exclude specific companies would make achieving those financial goals much more difficult. No advisor worth their weight would ever recommend doing such a thing.
10
@9: reading fail.

Your homework: read @7.
11
@10 Mutual funds and IPS are two separate things and the rules that regulate the two are completely different. Your homework assignment is to never mention money again and let finances be handled by the grown ups.