Earlier today Boston University President Robert Brown made the disappointing announcement by its Board of Trustees to divest from the oil and natural gas industry. This decision is yet another harmful step in the wrong direction in our battle to reduce carbon emissions. Jeff Eshelman, Chief Operating Officer of the Independent Petroleum Association of America, pushed back on the significance of Boston University’s announcement:
Today’s announcement fails to mention if BU even had direct investments in the industry in the first place, which they haven’t yet disclosed. The school does acknowledge that it will take years more to fully divest from indirect investments, but they don’t say at what cost to students or that divestment carries no benefit for the environment. It’s time to focus on solutions, innovation, and collaboration, not empty gestures that will only end in more cost to students.
For media inquiries, please contact Divestment Facts spokesperson Matt Dempsey at [email protected]