18 Feb 2017

Ineffective 350.org divestment campaign should give way to
direct corporate actions

Students at Dalhousie University in Halifax are a determined lot. Campaigning against the burning of fossil fuels, they have occupied the office of school president Richard Florizone.

The students also created a six-foot-high dinosaur to signify that investing in pollution-causing industries is a skeleton in the university’s closet.

Divest Dal is one of at least 34 academic-based campaigns across the country pressuring administrations to divest holdings in fossil fuels on ethical grounds.

However, the Dal effort suffered a setback when the Dal administration announced it would not sell off an estimated $20.5-million in fossil fuel holdings.

“We did not accept the Board’s no vote . . . .” says Laura Cutmore, a Divest Dal organizer, in an email. “We will continue to campaign towards divestment for as long as it takes.”

Students at Dalhousie University (Halifax, NS) protesting.

Divest Dal works with the support of 350.org  by far the largest group in the world involved in campaigning, and they have a lot of faith in 350.org’s leadership.

350.org, which operates gofossilfree announced with considerable fanfare that the campaign urging institutions, mostly universities, churches, and pension funds to divest their endowment holdings in fossil fuels is working well.

Canadian 350.org organizer Cam Fenton wrote in an email: “In a matter of years it has grown from a student led campaign on a few campuses to something that is impacting some of the largest political and financial institutions on the planet.”

The 350.org website claims that “our movement is strong and the fossil fuel industry is fighting for its life.”

Whoa! Not so fast.