SUBSCRIBE TO OUR FREE NEWSLETTER

SUBSCRIBE TO OUR FREE NEWSLETTER

Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.

* indicates required
5
#000000
#FFFFFF
The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact: Lindsay Meiman,Senior U.S. Communications Specialist,[email protected],[email protected],+1 347 460 9082,New York, USA

Harvard "Pauses" Fossil Fuel Investment in Natural Resources Portfolio; Students Celebrate Step Toward Divestment

WASHINGTON

After years of escalated pressure from students, faculty and alumni, Harvard University is taking a significant step toward fossil fuel divestment. Earlier this week, at a Climate Week event entitled, "How Harvard's Endowment is Thinking About Climate," Colin Butterfield, Harvard Management Company's (HMC) Managing Director of the Committee of Natural Resources said that HMC is "pausing" direct investments in oil, gas, and coal in the natural resources portfolio.

"We're heartened to hear Butterfield acknowledge the gross injustice of climate change. Oil, coal, and natural gas are no longer economically, or morally, viable options," says Isa Flores-Jones '19, Divest Harvard Coordinator.

Butterfield's comments come just one month after Divest Harvard's blockade of University Hall. This was the most recent demonstration of a five year campaign, which has called upon Harvard University to divest its 37.5 billion dollar endowment from the top 200 publicly-traded fossil fuel companies with the largest carbon reserves.

Referring to climate change, Butterfield asked, "Who is paying the price?...I clearly feel that we are stealing from future generations."

Harvard University has not yet declared a permanent moratorium on fossil fuel investments. And while Butterfield is no longer considering direct energy investments, he was quick to note that policies on indirect investments are decided by an "Investment Committee." These third party managers are free to invest in oil, coal and natural gas.

There is a precedent for beginning a transition away from indirect fossil fuel investments. Jameela Petuccini, Former Vice President of Sustainability for HMC, is currently leading the way towards full divestment of the Rockefeller Brothers Fund portfolio.

"We're celebrating this pause on direct energy investments," says Naima Drecker-Waxman '18, Divest Harvard Student Outreach Coordinator. "Looking forward, we're excited to work towards a policy that institutionalizes full fossil fuel divestment."

This comes as students across the country are escalating their calls for fossil fuel divestment. Yesterday, students from University of California Berkeley staged a sit-in, calling for full divestment. Students at Swarthmore College continue their occupation of the President's' office. Meanwhile, campaigns at CU Boulder, Columbia University, Ohio State University, Boston University, and Northeastern University continue escalation.

350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.

"),t.type){case"pdf":if(a.default.isFirefox()||a.default.isEdge()||a.default.isIE())try{if(console.info("PrintJS currently doesn't support PDF printing in Firefox, Internet Explorer and Edge."),!0===t.onBrowserIncompatible())window.open(t.fallbackPrintable,"_blank").focus(),t.onPdfOpen&&t.onPdfOpen()}catch(e){t.onError(e)}finally{t.showModal&&l.default.close(),t.onLoadingEnd&&t.onLoadingEnd()}else d.default.print(t,o);break;case"image":f.default.print(t,o);break;case"html":u.default.print(t,o);break;case"raw-html":c.default.print(t,o);break;case"json":s.default.print(t,o)}}}},function(e,t,n){"use strict";Object.defineProperty(t,"__esModule",{value:!0});var r,o=n(0),i=(r=o)&&r.__esModule?r:{default:r},a=n(1);function l(e,t,n){var r=new window.Blob([n],{type:"application/pdf"});r=window.URL.createObjectURL(r),t.setAttribute("src",r),i.default.send(e,t)}t.default={print:function(e,t){if(e.base64){var n=Uint8Array.from(atob(e.printable),function(e){return e.charCodeAt(0)});l(e,t,n)}else{e.printable=/^(blob|http)/i.test(e.printable)?e.printable:window.location.origin+("/"!==e.printable.charAt(0)?"/"+e.printable:e.printable);var r=new window.XMLHttpRequest;r.responseType="arraybuffer",r.addEventListener("load",function(){if(-1===[200,201].indexOf(r.status))return(0,a.cleanUp)(e),void e.onError(r.statusText);l(e,t,r.response)}),r.open("GET",e.printable,!0),r.send()}}}},function(e,t,n){"use strict";Object.defineProperty(t,"__esModule",{value:!0});var r,o=n(1),i=n(0),a=(r=i)&&r.__esModule?r:{default:r};t.default={print:function(e,t){var n=document.getElementById(e.printable);n?(e.printableElement=function e(t,n){var r=t.cloneNode();var o=!0;var i=!1;var a=void 0;try{for(var l,d=t.childNodes[Symbol.iterator]();!(o=(l=d.next()).done);o=!0){var u=l.value;if(-1===n.ignoreElements.indexOf(u.id)){var c=e(u,n);r.appendChild(c)}}}catch(e){i=!0,a=e}finally{try{!o&&d.return&&d.return()}finally{if(i)throw a}}switch(t.tagName){case"SELECT":r.value=t.value;break;case"CANVAS":r.getContext("2d").drawImage(t,0,0)}return r}(n,e),e.header&&(0,o.addHeader)(e.printableElement,e),a.default.send(e,t)):window.console.error("Invalid HTML element id: "+e.printable)}}},function(e,t,n){"use strict";Object.defineProperty(t,"__esModule",{value:!0});var r,o=n(0),i=(r=o)&&r.__esModule?r:{default:r};t.default={print:function(e,t){e.printableElement=document.createElement("div"),e.printableElement.setAttribute("style","width:100%"),e.printableElement.innerHTML=e.printable,i.default.send(e,t)}}},function(e,t,n){"use strict";Object.defineProperty(t,"__esModule",{value:!0});var r,o=n(1),i=n(0),a=(r=i)&&r.__esModule?r:{default:r};t.default={print:function(r,e){r.printable.constructor!==Array&&(r.printable=[r.printable]),r.printableElement=document.createElement("div"),r.printable.forEach(function(e){var t=document.createElement("img");t.setAttribute("style",r.imageStyle),t.src=e;var n=document.createElement("div");n.appendChild(t),r.printableElement.appendChild(n)}),r.header&&(0,o.addHeader)(r.printableElement,r),a.default.send(r,e)}}},function(e,t,n){"use strict";Object.defineProperty(t,"__esModule",{value:!0});var r,o="function"==typeof Symbol&&"symbol"==typeof Symbol.iterator?function(e){return typeof e}:function(e){return e&&"function"==typeof Symbol&&e.constructor===Symbol&&e!==Symbol.prototype?"symbol":typeof e},c=n(1),i=n(0),a=(r=i)&&r.__esModule?r:{default:r};t.default={print:function(t,e){if("object"!==o(t.printable))throw new Error("Invalid javascript data object (JSON).");if("boolean"!=typeof t.repeatTableHeader)throw new Error("Invalid value for repeatTableHeader attribute (JSON).");if(!t.properties||!Array.isArray(t.properties))throw new Error("Invalid properties array for your JSON data.");t.properties=t.properties.map(function(e){return{field:"object"===(void 0===e?"undefined":o(e))?e.field:e,displayName:"object"===(void 0===e?"undefined":o(e))?e.displayName:e,columnSize:"object"===(void 0===e?"undefined":o(e))&&e.columnSize?e.columnSize+";":100/t.properties.length+"%;"}}),t.printableElement=document.createElement("div"),t.header&&(0,c.addHeader)(t.printableElement,t),t.printableElement.innerHTML+=function(e){var t=e.printable,n=e.properties,r='';e.repeatTableHeader&&(r+="");r+="";for(var o=0;o'+(0,c.capitalizePrint)(n[o].displayName)+"";r+="",e.repeatTableHeader&&(r+="");r+="";for(var i=0;i";for(var a=0;a'+l+""}r+=""}return r+="
"}(t),a.default.send(t,e)}}}]).default}); document.querySelector('.all-content-wrapper').setAttribute('id','printable'); ChangeListener('.lead_post_body_main .share-pinterest, .mobile_social_links .share-pinterest', function(el) { el.outerHTML=''; }); ChangeListener('.lead_post_body_main .share-print, .mobile_social_links .share-print', function(el) { el.addEventListener("click", function(){ if (navigator.userAgent.indexOf("Firefox") > 0) {window.print();}else{ printJS({printable: 'printable',type: 'html',targetStyles: ['*'],css: 'https://partners.rebelmouse.com/commondreams/print.css?s=0',style: ".custom-field-after-seconds,.custom-field-popup-bg-color,.custom-field-popup-text-color,.custom-field-location,.no-print { display: none !important; }"}); } }); }); }); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ if (getCookie("popupShown") || (getCookie("hide_newsletter") != null && getCookie("hide_newsletter"))) { console.log("nothing to do"); return; } if(document.querySelector(".popup-modal .mb-2.popup--article #mc-embedded-subscribe") != null) { const popupform = document.querySelector(".popup-modal [name='mc-embedded-subscribe-form']"); popupform.addEventListener("submit", () => { setCookie("hide_newsletter", "true", 365); }); popupform.addEventListener("click", () => { setCookie("hide_newsletter", "true", 365); }); /*document.querySelector(".popup-modal .mb-2.popup--article #mc-embedded-subscribe").addEventListener("click", function(){ // Set the "hide_newsletter" cookie to "true" for 1 year (365 days) setCookie("hide_newsletter", "true", 365); });*/ } const popupBackdrop = document.querySelector(".popup--backdrop"); const closePopupButton = popupBackdrop.querySelector(".close-button"); const afterSecondsField = popupBackdrop.querySelector( ".custom-field-after-seconds" )?.textContent; const scrollingBeginsField = popupBackdrop.querySelector( ".custom-field-scrolling-begins" )?.textContent; const customFieldObj = document.querySelector(".popup--article .custom-field-visible-to-admin-only"); const customBGColor = popupBackdrop.querySelector('.custom-field-popup-bg-color').textContent const customTextColor = popupBackdrop.querySelector('.custom-field-popup-text-color').textContent popupBackdrop.style.setProperty('--background-color', `${customBGColor}`) popupBackdrop.style.setProperty('--text-color', `${customTextColor}`) const after_seconds = Number(afterSecondsField); const scrolling_begins = scrollingBeginsField === "True"; let lastScrollPosition = 0; let userHasInteracted = false; const scrollDeltaThreshold = 5; const showPopup = () => { console.log("---- showPopup ----") if (((customFieldObj != null && getCookie("userIsAdmin")) || customFieldObj == null) && !getCookie("popupShown") ){ popupBackdrop.classList.add("open"); setCookie("popupShown", true, 30); } }; const hidePopup = () => popupBackdrop.classList.remove("open"); closePopupButton.addEventListener("click", hidePopup); const userEvents = ["mousemove", "mousedown", "keydown", "touchstart"]; let userEventListenersRemoved = false; const userInteraction = () => { userHasInteracted = true; if (userEventListenersRemoved) return; userEvents.forEach((event) => { document.removeEventListener(event, userInteraction); userEventListenersRemoved = true; }); }; userEvents.forEach((event) => document.addEventListener(event, userInteraction) ); if (!scrolling_begins && !isNaN(after_seconds)) { setTimeout(showPopup, after_seconds * 1000); } else if (scrolling_begins) { document.addEventListener("scroll", debounce(handleScroll, 50)); } function handleScroll() { console.log("----handle Scroll----") if (scrolling_begins && !userHasInteracted) return; if (scrolling_begins) { const currentScrollPosition = window.scrollY || document.documentElement.scrollTop; const scrollDelta = Math.abs(currentScrollPosition - lastScrollPosition); if (scrollDelta > scrollDeltaThreshold) { setTimeout(showPopup, 0); document.removeEventListener("scroll", debounce(handleScroll, 50)); } lastScrollPosition = currentScrollPosition; } } function debounce(func, wait, immediate = false) { let timeout; return function (...args) { const context = this; const later = function () { timeout = null; if (!immediate) func.apply(context, args); }; const shouldCallNow = immediate && !timeout; clearTimeout(timeout); timeout = setTimeout(later, wait); if (shouldCallNow) func.apply(context, args); }; } // to be implemented: cookies function setCookie(name, value, days) { let date = new Date(); date.setTime(date.getTime() + days * 24 * 60 * 60 * 1000); let expires = "expires=" + date.toUTCString(); document.cookie = name + "=" + value + ";" + expires + ";path=/"; } function getCookie(cname) { let name = cname + "="; let decodedCookie = decodeURIComponent(document.cookie); let ca = decodedCookie.split(";"); for (let i = 0; i < ca.length; i++) { let c = ca[i]; while (c.charAt(0) == " ") { c = c.substring(1); } if (c.indexOf(name) == 0) { return c.substring(name.length, c.length); } } return ""; } }); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener(".newsletter-campaign .custom-field-source-text", function(button){ button.setAttribute('data-before', ''); button.innerHTML=''; }) }); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ /* Checking the position set with a post custom field, if it is not a default one (above) - change the position to custom */ const blockPlacement = () => { const newsletterBlock = document.querySelector('.js-newsletter-wrapper'); const placementPosition = document.querySelector('.custom-field-newsletter-position') ? document.querySelector('.custom-field-newsletter-position').innerText : false; if (!placementPosition) { return newsletterBlock.classList.remove('visually-hidden'); } const targetBlock = document.querySelector('.tab_wrap'); placementPosition === 'above' || placementPosition === '' ? false : targetBlock.insertAdjacentElement('afterend', newsletterBlock); return newsletterBlock.classList.remove('visually-hidden'); } blockPlacement(); }); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ const BoostSection = 2268066621; const topSection = 2268066622; const bottomSection = 2269117349; const sidebarSection = 2269117350; const topContainer = document.querySelector(".boost-post__top"); const bottomContainer = document.querySelector(".boost-post__bottom"); const sidebarContainer = document.querySelector(".boost-post__sidebar"); const thisArticle = document.querySelector(".boost-post-article"); const thisArticleContext =thisArticle.querySelector("script.post-context") let thisPostSections; if(thisArticleContext){ thisPostSections = JSON.parse( thisArticleContext.innerHTML ).post.sections; if (thisPostSections.includes(sidebarSection)) { sidebarContainer.append(thisArticle); } if (thisPostSections.includes(bottomSection)) { bottomContainer.append(thisArticle); } if (thisPostSections.includes(topSection)) { topContainer.append(thisArticle); } } });
OSZAR »