University of Denver Rejects Fossil Fuels Divestment
“stigmatizing individuals based upon a career choice to work for an employer engaged in a lawful enterprise is inappropriate”
This is another painful loss for the “climate justice” crowd, meaning it’s a win for normal people.
Divestment Facts reports:
University of Denver Rejects Divestment, Latest in Tide of College Rejections
After months of meetings and deliberation, the University of Denver (DU) has officially rejected fossil fuel divestment. According to the DU Board of Trustees:
“Regarding divestment, the Board adopted the task force recommendation that divestment in fossil fuel companies, or any other industry, would not be an effective means of mitigating global warming nor would it be consistent with the endowment’s long-term purpose to provide enduring benefit to present and future students, faculty, staff and other stakeholders. Rather, the University of Denver’s greatest ability to mitigate climate change and foster a sustainable future lies in deploying its core competencies: education, research and the ability to foster informed community discourse and in accelerating its sustainability in its operations.”
“A strategy of industry stigmatization drives a wedge between the University of Denver and the fossil fuel companies that represent an important part of the economic base of Colorado and the nation. Equally important, stigmatizing fossil fuel companies inherently involves stigmatization of their employees as well. As a general matter, the panel believes that stigmatizing individuals based upon a career choice to work for an employer engaged in a lawful enterprise is inappropriate.
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