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Fossil Fuel Divestment In U.S. Higher Education: Endowment Dependence And Temporal Dynamics, Alexander R. Barron, Rachel C. Venator, Ella V.H. Carlson, Jane K. Andrews, Junwen Ding, David Deswert

Environmental Science and Policy: Faculty Publications

Since 2012, students and others have pushed U.S. Higher Education Institutions (HEIs) to divest their endowments from fossil fuel producing industries. In the past decade, fossil fuel divestment has become the fastest growing divestment movement in history, with over 140 U.S. HEIs announcing divestment commitments. We conduct a quantitative analysis of the three phases of U.S. 4-year HEI divestment announcements (as well as rejections of divestment) to better understand the dynamics. Announcements began (2012-2017) with a number of schools divesting, followed by a second phase where new divestment announcements slowed. The current phase, which began around 2019, shows a renewed …