Grist / Keith Bedford/The Boston Globe via Getty Images College students fighting to get their schools to stop investing in fossil fuels have stumbled on a new idea that could bring fresh attention to their cause: Those investments might be illegal. Students with the group Fossil Fuel Divest Harvard filed an official complaint with the Massachusetts attorney general’s office last Monday alleging that Harvard’s investments in oil, gas, and coal violate the Uniform Prudent Management of Institutional Funds Act, or UPMIFA, a state law that regulates how nonprofit institutions can spend their endowment funds. The move follows in the footsteps of Boston College students who filed a similar complaint with the attorney general’s office in December. “Our hope is that attorney general Maura Healey, if she chooses to take action on this, will hold Harvard accountable for its dangerous fossil fuel investments,” said Sofia Andrade, a sophomore at Harvard and one of the organizers of Fossil Fuel Divest Harvard. “And our hope is that this sends a powerful signal to other institutions about what investments are acceptable.” In the 56-page complaint , the students write that under UPMIFA, Harvard’s endowment managers are bound by three duties: to consider the […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.