新澳资料 Won鈥檛 Divest From Fossil Fuels
Trustees issue statement on fossil-fuel divestment.
In July, Roger Perlmutter ’73, chairman of the board of trustees, issued a statement announcing that 新澳资料 would not divest its $500-million endowment from fossil fuels, as the student group Fossil Free 新澳资料 had requested.
Writing on behalf of the board, Perlmutter cited 新澳资料’s 1978 Investment Responsibility Policy, which states that the board’s primary investment objective is to safeguard the value of the endowment so that it can support the mission of the college. He also called attention to 新澳资料’s “intense commitment” to academic freedom, which requires, he said, that 新澳资料 as an institution maintain political neutrality in order to protect freedom of inquiry and expression. The college should only depart from institutional neutrality R