Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

Climate campaigners in Madison, Wisconsin demonstrate in support of fossil fuel divestment on April 4, 2014. (Photo: depthandtime/flickr/cc)

Climate activists stage a divestment rally on April 4, 2014 in Madison, Wisconsin. (Photo: depthandtime/flickr/cc)

'A Big, Big Deal': Climate Activists Applaud Rutgers University's Fossil Fuel Divestment Plan

"This powerful decision," said Naomi Klein, "sends an unequivocal market message that the era of fossil fuels is finally coming to an end and that our collective future rests with clean, renewable energy."

Brett Wilkins

Climate campaigners on Tuesday welcomed the announcement that Rutgers University will become the latest U.S. academic institution to commit to divesting from fossil fuels in a bid to combat the climate crisis. 

"Divestment is the necessary first step in an economic transition rooted in racial and environmental justice."
—Naomi Klein,
Rutgers University

Rutgers Today reports the move by New Jersey's largest state university follows a recommendation by the school's Ad Hoc Committee on Divestment and approval by its board of governors and board of trustees. The committee—which is composed of students, faculty, and staff—was acting on a request from the student-led Endowment Justice Collective.

Rutgers' divestment plan consists of:

  • Ceasing all new investments in fossil fuels;
  • Divesting from passive index funds with fossil fuel investments within one year and reinvesting in more environmentally friendly versions of those indices;
  • Actively seeking new investment opportunities in renewable energy and energy efficiency categories that deliver competitive rates of return; and
  • Exiting all currently held private fossil fuel investments within 10 years.

According to Rutgers Today, around 5% of the university's $1.6 billion endowment is currently invested in fossil fuels. 

"This decision aligns with Rutgers' mission to advance public health and social justice," said university president Jonathan Holloway. "While the university has taken steps recently to limit investments in this area, approving a policy of divestment from fossil fuels is a significant expression of the values of our institution and our broader community."

Board of governors chair Mark Angelson said that "we are doing our part to ensure a sustainable environment for future generations of students, while continuing their access to an affordable education."

Zunaira Wasim, a junior at Rutgers University-New Brunswick and one of four students on the committee, told Rutgers Today that "divesting from fossil fuels aligns with our scarlet values and with the university leadership on important issues that students rightfully expect from Rutgers."

"Students like me have expressed our desires to see the university rapidly decrease its carbon footprint and will be proud to see Rutgers taking this step," Wasim added. 

Author Naomi Klein, Rutgers' Gloria Steinem endowed chair in Media, Culture, and Feminist Studies, said in a statement that "this powerful decision by Rutgers University sends an unequivocal market message that the era of fossil fuels is finally coming to an end and that our collective future rests with clean, renewable energy."

"Divestment is the necessary first step in an economic transition rooted in racial and environmental justice," added Klein, "a process that must bring good green jobs, as well as safe, renewable energy, to the most impoverished and polluted communities in our state."

Climate campaigners around the country applauded news of Rutgers' divestment. Bill McKibben, co-founder of 350.org, called the move "a big, big deal."

"After years of hard work from students, faculty, and alumni, the administration is now acknowledging that it makes neither financial nor moral sense to try and profit off the destruction of the climate system," said McKibben, according to Insider NJ. "One of America's foremost educational institutions is making it clear that it stands with the future."

Rutgers joins the growing list of colleges and universities in the U.S. and around the world to choose divestment as a method of fighting the worsening climate emergency. Last May, the University of California became the nation's largest university system to sell off all its fossil fuel investments. 


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

In Telling Slip, George W. Bush Condemns the 'Unjustified and Brutal Invasion of Iraq'

"It's hard to get past the nihilistic evil of killing hundreds of thousands, making millions into refugees, and turning it into stand-up to defuse the awkwardness of your hypocrisy," responded one journalist.

Jake Johnson ·


Green Groups Urge California Gov. Newsom to Close Aging Nuclear Plant on Schedule

"Diablo Canyon is dangerous, dirty, and expensive," a coalition of environmental organizations said in a letter to California's Democratic governor. "It must retire as planned."

Brett Wilkins ·


'After Which Failed Pregnancy Should I Have Been Imprisoned?' Asks Rep. Lucy McBath

The congresswoman highlighted how right-wing attacks on abortion rights could also impact the healthcare available to patients who experience miscarriages and stillbirths.

Jessica Corbett ·


'A Slap in the Face to Voters': Kansas Supreme Court Upholds GOP Map

"This case is only one skirmish in the wholesale assault on democracy in Kansas and around the country," said the head of the state's ACLU.

Jessica Corbett ·


Ahead of House Vote, Analysis Details How Big Oil Price Gouging Rewards Wall Street

"Congress has a narrow window of opportunity to stop profiteering at the pump and secure a more stable, sustainable future for all. It's time to act—before it's too late."

Brett Wilkins ·

Common Dreams Logo