“Divest from death” read the bubble letters written in chalk on the sidewalk on Tuesday outside of The New School in New York City. The slogan articulates...
“Divest from death” read the bubble letters written in chalk on the sidewalk on Tuesday outside of The New School in New York City .Campaigns to pressure universities to divest for political or ethical reasons go back decades, at least to the 1970s when students pressured schools to withdraw from investments that benefited South Africa under apartheid rule.
The calls for divestment from fossil fuel companies, which started in 2011, make a moral argument but also a financial one, he said, which helps gain the support of the trustees and boards that direct university investments. Fierce disagreement about support or opposition to the war within campus communities is another reason that schools have likely not taken action. Many on campuses hear calls for divestment from Israel or an end to the war asor as glossing over the deaths and pain caused by Hamas' attack on Oct. 7, which killed 1,200 people.
“'Oh, we can’t disclose this. This is difficult to do. This is impossible to parse out where our investment is,'” Esmaeli said. “All these kinds of excuses about why we can’t have control over our own money as an institution, and no one’s buying it.” “Different choices can be made and rules can be changed in order to allow us to have an open endowment, where we know where our endowment is going,” he said.Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
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