On Wednesday morning we began blocking the main entrance to Massachusetts Hall, which houses the office of Harvard University President Drew Faust and other top administrators. We are here to demand an open and transparent dialogue with the Harvard Corporation--Harvard's main governing body--on fossil fuel divestment. To date, President Faust and Harvard University have rejected the case for divestment and refused to engage in public dialogue about divestment and climate change. Alongside the 72% of Harvard undergraduates and 67% of Harvard Law students, as well as the students, faculty, and alumni of Divest Harvard, we refuse to accept our university's unwillingness to hold a public meeting on this critical issue.
We are here today because we believe in a better Harvard. We are here because it is our duty to act. We are here today because it is our moral responsibility as students to ensure that Harvard does not contribute to and profit from the problem but instead aligns its institutional actions and policies with the shared interests of society.
We take this action with the conviction that Harvard can, must, and will be a leader in responding to the climate crisis. We owe it to the world's less fortunate and future generations to lead the way to a livable planet.
Human-made climate change is already severely disrupting weather patterns and causing misery to those most vulnerable to the effects of drought, flooding, and famine. Despite the universal acknowledgment by scientists and world governments that drastic action is needed to address this problem, we continue to extract and burn carbon energy sources at an accelerating rate.
Unless we act swiftly to restructure our economy and to end our consumption of fossil fuels, the planet faces catastrophic disturbances in the very near future. The latest report from the United Nations Intergovernmental Panel on Climate Change, which warns that we have less than 15 years to overhaul our energy economy, is the latest recognition that the time for bold and courageous action is upon us.
Harvard enjoys a privileged position. It is a global leader in research, thought, and policy, and its alumni, faculty, and administrators enjoy tremendous influence over our economy and political culture. Harvard has the moral authority to break the stranglehold of passivity when our governments are unable or unwilling to address climate change's impending menace. And even if Harvard were not a prominent institution, the moral imperative still exists to stop profiting from damage done to others. The fact that Harvard chooses to calculate profit from corporate activities that push damages onto others--including ourselves and our children--is intolerable, ultimately unsustainable, and must stop.
Harvard's divestment from the fossil fuel industry will accomplish two important goals. First, it will allow Harvard to retain the moral integrity of an institution purporting to care about a livable future. Today the Harvard community profits from fossil fuel investments because the true costs of oil, coal, and gas are born by other communities. Communities close to extraction sites are being robbed of their health and communities on the frontlines of climate disasters are being robbed of their lives and cultures. Younger generations, including Harvard's own students, are being robbed of a chance at a livable future. It is unconscionable and illogical for us to continue supporting an industry that violates basic human values and the fundamental purpose of our own institution.
Second, divestment will send a strong message that our society can no longer tolerate business as usual with the fossil fuel industry. The corrupt political practices and shameful climate denial peddled by gas, oil, and coal companies have stood in the way of proactive energy policies for far too long. Harvard's wealth and influence bring with them a special responsibility to act, and this is an opportunity that we cannot afford to miss.
As the university demonstrated when it divested from tobacco and partially divested from Apartheid, Harvard's endowment can be put into alignment with shared values. We are not asking our university to inject politics into its finances: we are asking it to stop sponsoring and profiting from climate change. By investing in fossil fuel companies, Harvard itself is responsible for their behavior. President Faust's recent announcement that Harvard will sign onto the non-binding Principles for Responsible Investment and the Carbon Disclosure Project implicitly recognizes that the university cannot ignore its social responsibility when it comes to its investments and climate change.
As over one hundred Harvard faculty argued in their letter to President Faust earlier this month, it is far too late for business as usual and statements to continue that do not commit the university to action. The governing Corporation's refusal to hold an open meeting on the issue of divestment--as well as the President's recent denial that fossil fuel companies prevent political action on global warming and a Corporation member's suggestion that Harvard students thank BP for its energy practices--betray a disconcerting lack of understanding and urgency with respect to the impending risk of climate disaster.
We stand in solidarity with students and activists around the world who are raising their voices to demand that our institutions and leaders reject the carbon economy and begin aggressive action toward a greener future. We welcome members of the Harvard community and the public to our peaceful gathering in front of Massachusetts Hall. And we invite President Faust and the Harvard Corporation to join us in an open and transparent meeting to discuss the divestment of Harvard's endowment from the fossil fuel industry.
The world, and Harvard as part of it, cannot wait any longer.