Will be interesting to watch. Would Yale stop using electricity, too?
From the Yale Daily News:
But in its 40-year history, the ACIR has only divested from two causes, University President Richard Levin said in a Thursday email. The first divestment occurred in the 1970s and involved companies related to South African apartheid, and the second took place in February 2006, when the Yale Corporation adopted the ACIR’s recommendation that the University divest from Sudanese government bonds and seven oil companies operating in Sudan.
“Our guidelines recommend using our role as a shareholder to express voice on issues where a company is engaged in causing ‘social injury,’” Levin said. “If the use of voice fails, exit in the form of divestment is the final step: taken when a company is engaged in producing ‘grave social injury’ and after all attempts at persuasion have failed. It is an expression of desperation about the futility of voice.”