Climate Progress has obtained exclusive video of Harvard President Drew Faust offering a less-than-convincing defense of her decision not to divest the University of fossil fuel investments.
A couple of days ago, Harvard divestment activist Alli Welton confronted Faust in Harvard Yard. Here is the video:
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What is especially telling is the exchange that begins at about 50 seconds:
Welton: “If Harvard doesn’t help us who do we have to turn to….”Faust: “Harvard does help you. Harvard helps by making discoveries that enable this transition….”Welton: “But the fossil fuel industry stands in the way of their implementation.”Faust: “That is not the case.”
Does Faust seriously believe that? The problem with advancing a morally indefensible position is that your argument quickly becomes a house of cards.
The oil, gas, and coal industries have spent over $2 billion lobbying Congress since 1999. In 2009 alone, the oil and gas industry “unleashed a fury of lobbying expenditures” against climate legislation, “spending $175 million — easily an industry record — and outpacing the pro-environmental groups by nearly eight-fold, according to a Center for Responsive Politics analysis.”
Indeed, the fossil fuel industry is not content these days to merely block new legislation to advance clean energy. They are working in a numerous states to roll back existing clean energy standards.
Faust’s response to how Harvard is helping its students is a telling one. Rather than talking about how Harvard is pushing for immediate climate action that could spare its students the worst impacts, she touts scientific “discoveries,” few of which are likely to achieve significant success in the marketplace fast enough to help save the climate.
Faust appears not to understand the urgency of the climate crisis, so she is willing to enjoy the (short-term) benefits of the status quo and let her students fend for themselves in the future. As I’ve argued, by continuing to embrace fossil fuels, Harvard, like the original Dr. Faust, is trading its moral integrity for worldly gains (see Jefferson’s “Brilliant Statement Of Intergenerational Equity Principles“).
For more on the Divest Harvard movement, click here.