Home > Featured > Swarthmore rejects calls for divestment — shows whose side it’s on | Waging Nonviolence

Swarthmore rejects calls for divestment — shows whose side it’s on | Waging Nonviolence

On Saturday, Swarthmore College’s Board of Managers, the school’s oversight body, bucked majority student support, a near-unanimous faculty resolution and a growing international movement by choosing to maintain the school’s investments in coal, oil and natural gas. Echoing their colleagues at the University of California, Harvard and a host of other institutions, the Swarthmore’s Board of Managers announced that, “After long and deep discussion and debate” they would not be modifying investment guidelines to “meet social objectives.” Yet, at the same time, they assured readers that Swarthmore will “play a leadership role in helping curb the seemingly insatiable appetite for fossil fuel.” At $1.9 billion, Swarthmore — a school of just over 1,500 undergraduates — has one of the country’s largest per-student endowments in higher education and is among the 400 colleges and universities being called upon to divest from fossil fuels.

Source: Swarthmore rejects calls for divestment — shows whose side it’s on

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