Brown Joins Harvard in Rejecting Fossil Fuel Divestment

We have noted in previous posts that there is a student group that has been using the public comment period at the Regents to push for pension and other fund divestment of fossil fuels. (The demand involves both extraction industries and some utilities.)  It is part of a national student movement.  If you scroll back to our links to Regents meetings, you will be able to hear those demands.

Recently, as we have noted, Harvard rejected the demand.  See http://www.insidehighered.com/news/2013/10/04/harvard-rejects-call-divest-fossil-fuels.  Today, Inside Higher Ed is reporting that Brown University has also rejected it.  See http://www.insidehighered.com/quicktakes/2013/10/28/brown-u-rejects-call-sell-holdings-coal-companies.

Given the current anti-pension initiative about which we have also been blogging, any sense that the pension fund is being used for “political” purposes would be sensitive and likely something the Regents would avoid.