Word: divestments
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Dates: during 2000-2009
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...strikers’ nine-day effort was one of the most prodigious protests by Harvard students in decades. According to Crimson archives, the last time undergraduates held a multi-day hunger strike was in 1983, when a handful fasted for a week to call on the University to divest from apartheid South Africa...
...Laconi said that he does not expect the Graduate Council to play an active role in campus activism. “We don’t take part in taking stances on partisan political issues,” he said. Yet last year, the council supported a campaign to divest from the Sudan-linked oil company Sinopec. Laconi said that the position the incoming council will take on the Sudan divestment issue has “yet to be determined” by the representatives. The other graduate students elected to serve in the meeting May 16 include Ashley...
...Sunday morning at the end of April, the Harvard Darfur Action Group (HDAG) drew a crowd of 40 students to a vigil on the steps of Memorial Church before joining a citywide rally. The group’s demand: that Harvard adopt a policy of divesting from companies that do business with the Sudanese government.Harvard continues to hold investments in firms accused of financing the ongoing genocide in Darfur. And despite selling its direct stakes in two oil firms with ties to Sudan, the University continues to maintain “indirect” investments in such companies through funds...
...Undergraduate Council (UC) urged Harvard to further divest from companies with ties to the Sudanese government in an uncontested vote last night. The University has in recent years ended its direct investments in two Chinese oil companies that do business in Sudan, but still holds indirect investments in these companies and others through index funds managed by Barclays, a British bank. Representatives of the Harvard Darfur Action Group (HDAG) were on hand to present yesterday’s legislation, which included both a position paper and a resolution urging the administrators of Harvard’s endowment to adhere...
Let’s imagine that Harvard decided to divest from every offending oil company in the Sudan within a few years of its launching operations. Given that it costs hundreds of millions of dollars to begin drilling, such large sunk costs would make the company loathe to pull out. In contrast, if oil companies knew before entering or expanding operations that doing so would make them subject to divestment, they might behave differently. Only a targeted divestment policy, by defining the actions that warrant divestment, would effectively deter an oil company from entering the country or proactively affect...