Word: divestment
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Dates: during 2000-2009
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Currently, students and professors are calling for Harvard to divest its holdings in a Chinese oil utility, PetroChina, that does business with the government in Sudan. Historically, Harvard has dragged its moneyed feet on divestment; in fact, a campaign has never actually led to full divestment. But Harvard has responded to pressure to divest from irresponsible assets, such as holdings in tobacco companies...
Student civil rights activists suggest that Harvard should divest its $590,000 of Mississippi Light and Power Company bonds and its $12 million in Middle South Utilities Company stock, as both companies have segregated facilities and discriminatory hiring and promotion practices. The University rebuffs the suggestion, leading to student condemnation of President Nathan M. Pusey ’28. Students also protest the University’s holdings in General Motors and several utilities companies accused of polluting...
Hafsat D. Abiola ’96, daughter of the democratically-elected president of Nigeria, calls on President Neil L. Rudenstine and the Undergraduate Council to support a campaign for the University to divest from Nigeria. The UC, dozens of professors, and several student organizations support her efforts. Abiola calls for divestment when the Nigerian military junta, which seized the country in 1993 and imprisoned Abiola’s father, hangs 11 activists, including Nobel Peace Prize nominee Ken Saro-Wiwa. Harvard keeps its holdings in Nigeria, including $35 million in Shell Oil, a participant in business with Nigeria?...
Students first call for the University to divest from Angola and South Africa, beginning 20 years of continual protests of Harvard’s investment in companies that support racist governments...
...University receives wide-spread criticism when Nobel Peace Prize winner and South African Archbishop Desmond M. Tutu publicly endorses three pro-divestment candidates for the Board of Overseers in 1986 and tells the Boston Globe that he will return his honorary degree if the University does not divest. Tutu resigns from the board...