To the Editor:
In the fight against climate change, the student-led campaign encouraging colleges and universities to end their fossil-fuel investments is a genuinely hopeful sign. While financial analyses have shown that divestiture won’t negatively impact institutional portfolios, doing the right thing shouldn’t require a fiscal rationale.
Education is based on the principle that knowledge can be transmitted across boundaries of age and culture, thereby ensuring a future of steadily increasing wisdom. Such a future is gravely imperiled by climate change, a planetary crisis precipitated by industrial civilization’s rapid introduction of millions of years’ accumulated carbon into the atmosphere in a geological instant, and exacerbated by the destructive business practices of big oil and coal companies.
Continued support of fossil fuels may be profitable in the short run, but it is a betrayal of our societal commitment to a better future. In striving to change UChicago’s investment policies, these students demonstrate a profound commitment to the true ideals of education: fostering responsibility to and for the greater social good.