Fossil Free Pitt presses for divestment by April

Photo courtesy of Fossil Free Pitt

Fossil Free Pitt has formally called on the University to divest from fossil fuels by April 2020.

By Elise Lavallee and Emily Wolfe
September 30, 2019

The University of California system voted on Sept. 17 to divest completely from fossil fuels by the end of the month. The decision prompted the students who lead the Fossil Free Pitt Coalition — which has worked for years to convince Pitt to do the same — to say Pitt is out of excuses.

About 10 students from the group drove to Johnstown for Friday’s Board of Trustees meeting, where they interrupted Chancellor Patrick Gallagher’s report to demand the board vote on divesting from fossil fuels at its meeting on Feb. 28, 2020.

Eva Tansky Blum, the chairperson of the board, told the group its request needed to come through the proper channels. But Anaïs Peterson, a member of the coalition and executive vice president of Student Government Board, said Monday that the group has tried those channels without success. The group collected several thousand signatures on a petition to divest and, last year, helped pass a student referendum with the same goal in mind.

“We’ve been around since 2014 and we have been desperately trying to use the channels the University has set out for us and we have gotten nowhere,” Peterson said.

The University of California system said in a Sept. 17 Los Angeles Times op-ed that its decision was a financial one, writing that continuing to invest in fossil fuels is a “financial risk.”

The coalition said the UC system’s decision, and recent research, hurt the University’s arguments that divesting from fossil industries creates a financial risk.

“Pitt has told us there was not a strong enough moral argument, they told us there wasn’t a strong enough economic argument, they told us it was too hard,” Peterson said. “Every single one of their arguments has been proven wrong.”

The coalition said in a letter the disruptors read to administrators that if the University doesn’t meet the group’s demand, its members will take “appropriate action.”

Peterson did not say what action the coalition plans to take if the University doesn’t hold the vote or votes not to divest, but she said the group believes its efforts will be successful.

“We are making sure the University understands we are not going away, we are not going to weaken, and we are not going to give up until Pitt divests,” Peterson said in an email. “We will not be silent or complicit as the administration runs this University like a corporation. The University of Pittsburgh should be accountable to its students over all else and we will work until that happens.”

Gallagher announced in August that Pitt would work to develop socially responsible investing strategies for its endowment. The decision came after the July release of a University committee report, which recommended that the University consider “the importance of the social issue to the University community” while pursuing SRI strategies.

Coalition members released a statement at the time which said they appreciated the steps Gallagher was taking, but were disappointed that he did not specifically name fossil fuel divestment in his announcement.

“Our chief financial officer is working toward the goal of presenting the environmental, social and governance criteria to the investment committee of the Board of Trustees for consideration by February,” Pitt spokesperson Kevin Zwick told the Pittsburgh Post-Gazette Monday.

At the board meeting, the coalition read a letter to the board formally calling for the February vote and for the University to divest completely by April 2020. According to the letter, Fossil Free Pitt has worked to make the University aware of the negative impacts investing in fossil fuels can have on climate and local communities.

“For six years we have presented the data, the facts, the stories of people whose lives have been destroyed by this toxic industry, and for six years you have said that is not reason enough,” the letter reads. “It isn’t enough that children in Greene County are dying of rare cancers. It isn’t enough that our air and water are poisoned? It isn’t enough that we are facing a worldwide climate catastrophe. What would be enough for you?”

Fossil Free Pitt is collecting student signatures on the letter in a Google Form online, which the group is circulating along with video of its disruption of the meeting.