Request for the Formation of an Ad Hoc Committee on Coal and Oil Investments

Scott Bloomberg, A. Schaer
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Abstract

This white paper argues that the University of Michigan's Board of Regents should form a committee to consider divesting the University’s endowment from coal and oil investments. The paper details the University's three-prong test – created by the school's prior divestments from companies doing business in apartheid South Africa and from tobacco companies – for determining whether to form a committee to consider divestment. The test requires: 1) a consensus on campus surrounding the issue; 2) that the activities of the particular industries must be antithetical to the University’s core values; and 3) that the subject industries must be uniquely responsible for the problem.

The white paper explains why coal and oil investments meet this standard. First, there is a consensus regarding climate change across all levels of campus. The Graham Sustainability Institute’s most recent survey found that around 89% of undergraduate students, 93% of graduate students, and 93% of faculty think that climate change is happening. The study found that a similar percentage believed humans are contributing to it, and that the issue is important to them personally. A consensus is further demonstrated by the educational and extra-curricular pursuits of students and the operational changes the University has made to reduce greenhouse gas emissions. Few significant issues, if any, enjoy this level of campus support.

Second, the activities of the coal and oil industries are antithetical to the University’s core values. In two ways this is true. These industries offend the University’s core values of sustainability and academic integrity. These were the crucial elements in the University’s choice to divest from tobacco companies in 2002.

And third, the coal and oil industries are uniquely responsible for climate change. The pollution from their industries is a chief driver of climate change, and their political and misinformation campaigns have undermined progress on this issue.
要求成立一个煤炭和石油投资特设委员会
这份白皮书认为,密歇根大学董事会应该成立一个委员会,考虑从煤炭和石油投资中剥离大学的捐赠基金。这篇论文详细介绍了该大学在决定是否成立一个委员会来考虑撤资时采用的三段式测试——根据该校此前从在种族隔离制度下开展业务的公司和烟草公司撤资而制定的测试。测试要求:1)校园内对该问题达成共识;2)特定行业的活动必须与大学的核心价值观相对立;3)主题行业必须对这个问题负唯一的责任。白皮书解释了为什么煤炭和石油投资符合这一标准。首先,校园的各个层面都对气候变化达成了共识。格雷厄姆可持续发展研究所(Graham Sustainability Institute)最近的一项调查发现,大约89%的本科生、93%的研究生和93%的教师认为气候变化正在发生。研究发现,有相似比例的人认为是人类造成的,这个问题对他们个人很重要。学生对教育和课外活动的追求,以及大学在减少温室气体排放方面所做的改变,进一步证明了这一共识。很少有重大问题,如果有的话,享受这种程度的校园支持。其次,煤炭和石油工业的活动与大学的核心价值观背道而驰。这在两个方面是正确的。这些产业违背了牛津大学可持续发展和学术诚信的核心价值观。这些都是牛津大学在2002年决定从烟草公司撤资的关键因素。第三,煤炭和石油工业对气候变化负有独特的责任。他们的工业污染是气候变化的主要驱动因素,他们的政治和错误信息宣传破坏了在这个问题上的进展。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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