Why I Believe in Divestment

By Grace Cooper

Before I came to Tufts I had never heard the word “divestment”. I was first introduced to the term when I attended Tufts Climate Action’s general interest meeting and listened as past members talked about the history of Tuft’s divestment campaign. After that meeting I knew that divestment meant taking our investments out of fossil fuel companies, which made sense to me, but I didn’t quite understand the importance of divestment or why these students were so passionate about the campaign. As I became more involved with Tufts Climate Action I slowly began to realize just what divestment could do. Yes, Tufts divesting would take about 70 million dollars out of the fossil fuel industry and protect our university from losing money to the carbon bubble, but divestment is more than just about money, in fact the money is probably the least important part. Taking those 70 million dollars out of fossil fuels is a statement. It is taking away fossil fuel companies’ social license to operate by showing the world that it is immoral to profit off of industries that are mainly responsible for destroying our planet and that commit acts of injustice against vulnerable communities. The more I learned about the benefits of divestment from my peers the more it made sense to me, and as it made more sense to me the more I wanted to become a part of the campaign.

What surprised me is that last year Tuft’s Board of trustees refused to divest from the top 200 fossil fuel companies in the next five years. I had always had the impression that the university I applied to was environmentally responsible. This façade came from the eco-reps, recycling bins all over campus, compost in the dining halls, the farmers market and more. But behind all of these little gestures, the school I was proud to attend was shoveling millions of dollars into the very industries that are destroying the earth and did absolutely nothing to change their ways after the very people who are providing their income through extremely high tuition asked them to stop. Part of me is surprised by this, and part of me isn’t. So many people believe that recycling or taking shorter showers will solve all of our climate problems. In the same way, Tufts thinks that if we have recycling bins on campus its ok to profit off of fossil fuel industries. Thankfully my amazing co-members of Tufts Climate Action have stood up and said no, it is not ok. I could not be more proud to join these heroic students in their fight to create meaningful change by guiding our university towards socially and environmentally responsible practices.