Statement of Support for
Divest Harvard – Divest Yale Action
November 25, 2019
We fully support the actions undertaken by Divest Harvard and Fossil Free Yale and by the Yale Endowment Justice Coalition at the Harvard-Yale football game on November 23.
We join the student activists in asserting that Harvard Management Corporation’s continued investment in the fossil fuel industry is discordant with Harvard’s mission and with the public trust inherent in the Harvard endowment.
We furthermore support the students’ demands that Harvard Management Corporation (1) annually disclose all direct and indirect investments in the fossil fuel industry; (2) release a statement declaring a commitment to divestment of the endowment from direct and indirect holdings in the fossil fuel industry by Earth Day, 2020; and (3) work with students, alumni, and faculty to establish new investment principles that are environmentally sustainable, socially responsible, and community-based.