The Presidential Task Force to Examine Divestment has just submitted a report on fossil fuel divestment to the Barnard Board of Trustees, according to an email sent by Robert Goldberg, chief operating officer of Barnard College. In this report, the task force recommends that the College divest from fossil fuel companies that deny climate change. The Board of Trustees votes on the task force’s recommendations in March.
Read the full email below:
Dear Barnard Community,
I am writing to let you know that the Presidential Task Force to Examine Divestment has just submitted its full report on fossil fuel divestment to the Barnard Board of Trustees. The Task Force, comprised of trustees, faculty, staff, and students, was formed in response to a campaign led by the student group Divest Barnard and has met regularly over the last nine months. Tremendous thanks are due to the Task Force members for their diligence and care throughout this important process.
After careful review, the Task Force recommends that the College divest from all fossil fuel companies that deny climate science or otherwise seek to thwart efforts to mitigate the impact of climate change. The recommendation would align the College’s investments with its core mission, centered on academic freedom and scientific integrity. It also gives us the ability to distinguish between companies based on their behavior and willingness to transition to a cleaner economy and could create incentives for the poorest performers to change their ways. In addition, the Task Force recommends that the College undertake a robust climate action program to reduce its carbon footprint, and appoint a sustainability officer or dean to lead a campus-wide effort to set goals and help further instill a culture of sustainability across the campus.
To review the full report, visit https://barnard.edu/vision-
The Board of Trustees Committee on Investments received the report this morning and expressed its appreciation for the hard work of all of the Task Force members. Pending a full review of implementation issues, the Committee on Investments expects to recommend approval of the Task Force’s recommendations to the full Board at its next meeting in March. Before that point, we will host a series of community forums to discuss the issue of divestment further.
Along with President Spar, I look forward to continuing the dialogue on this important issue.
Chief Operating Officer