Harvard students and faculty gathered in Sever Hall on Friday afternoon for a mixed debate on whether Harvard should continue to financially invest in fossil fuel companies.
Divest Harvard, which co-sponsored the forum along with Perspective Magazine, selected a diverse panel of speakers to analyze the arguments for and against divestment. Panelists at Friday’s forum included geology professor Daniel P. Schrag, English professor James Engell ’73, Harvard Business School professor Rebecca Henderson, and Divinity School student Tim M. DeChristopher.
“We made sure the panel would be evenly distributed,” Joseph G. Lanzillo ’16, a member of Divest Harvard, said. “We wanted to have a different mix and different perspectives from people of varied fields of expertise.”
According to members of Divest Harvard, University President Drew G. Faust had previously declined an invitation to speak at a public forum on the topic of divestment.
Harvard alumni presented Faust with a letter in September requesting her appearance at a public forum, but Faust responded in early October by issuing a statement affirming Harvard’s anti-divestment position.
“We felt [the letter] kind of missed the point of having an open dialogue in public,” Divest Harvard co-coordinator Alyssa L. Chan ’16 said. “She didn’t agree to publicly discuss [divestment] or be a part of the conversation that’s happening on campus, and so that was a little disappointing.”
Despite Faust’s absence, Henderson said that the forum marked a positive progression in the divestment dialogue, but emphasized the role of individuals rather than institutions in supporting fossil fuel companies.
“We use fossil fuels all the time,” Henderson said. “In the general run of things, a fossil fuel company is giving people what they want at a price they say they want.”
Most of the panelists agreed that education is the first step to engaging with the question of divestment. Both Schrag and Engell expressed interest in introducing a new General Education category on environmentalism to teach students about the implications of climate change.
Undergraduate Council President Tara Raghuveer ’14, who moderated the discussion, reaffirmed the UC’s commitment to divestment nearly one year after its referendum urging the University to cease its investment in fossil fuel corporations passed on the 2012 ballot.
“The purpose of the debate [was] to really help build awareness and educate the student body as well as community members about what divestment from fossil fuels would actually mean in a conceptual, but also a practical sense for Harvard,” she said.
Leaders of Divest Harvard also said they hoped that Friday’s forum would open the dialogue for the divestment movement.
“It doesn’t really matter where it begins or what topic it begins on, but what matters is strong people who want to talk about how Harvard can solve climate change,” Lanzillo said. “That’s as important as the divestment movement itself.”
The Logic of DivestmentWhile we are not yet accustomed to viewing climate change as a structural issue, Harvard can begin to shift public discourse on the source of and solutions to the crisis by holding fossil fuel suppliers accountable for environmental damage and interference in the democratic process.
As Other Colleges Discuss Divestment, Harvard Stays MumWhile a number of colleges have expressed enthusiasm at the overwhelming Harvard student support for the divestment of the University’s endowment from the fossil fuel industry, many student leaders also voiced concern at the Harvard administration’s silence on the issue.
A Coalition of ResponsibilityAs Americans experience more monster storms, droughts, and wildfires, the reckless practices of the fossil fuel industry will be challenged.
An Open Letter to President FaustWe cannot rely solely on political pressure to weaken the industry and pass climate legislation.
One More Take on DivestmentWhile we applaud the leaders and members of the campaign for engaging students, faculty, and administrators on the crucial issue of climate change, we still, as we have in the past, oppose the campaign’s call for divestment from the fossil fuel industry
“Extraordinarily Rare” Is Not an ExcuseToday we say to President Faust: Climate change is an “extraordinarily rare circumstance,” and it demands the extraordinary action of divestment.