News

Students and alumni pledge to withhold donations until Stanford divests from fossil fuels

 

A group of students interrupted Stanford University's annual senior gift announcement Friday afternoon, in protest of the university's continued investment in the fossil fuel industry, according to Stanford student body officials.

Student body officials said students from Fossil Free Stanford hung three banners from the student union building during a press conference with university advancement officers.

A student-organized pledge to not donate until Stanford divests its $22.2 billion endowment from the oil and gas industries has over 1,000 signatures from students and alumni.

Student body officials said the graduates are leaving behind hundreds of underclassmen to carry on the campaign after they leave.

Stanford freshman Zhanpei Fang said in a statement, "By withholding my Senior Gift and all future donations until Stanford divests from fossil fuels, I am not simply expressing my dissatisfaction with Stanford; rather I am expressing hope that I can one day donate to a school whose investments match my values."

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Comments

1 person likes this
Posted by Anonymous
a resident of Another Palo Alto neighborhood
on Jun 12, 2016 at 1:03 pm

Unless the list contains some big ticket donors, it isn't going to make a difference. Stanford probably pays more in management fees than it will receive from 1000 random donors. However, every little bit helps.


5 people like this
Posted by Fossil-Fuels-Power-The-World
a resident of Another Palo Alto neighborhood
on Jun 12, 2016 at 2:04 pm

Maybe if Stanford freshman Zhanpei Fang had gone a little farther and promised to not use any energy that was fossil-fuel based for the rest of his life, then he might have shown some real commitment to his theatrics. Otherwise, he just managed to get his name in the paper.


11 people like this
Posted by How About This
a resident of Stanford
on Jun 12, 2016 at 2:18 pm

What if donors and alumni, as well as parents of students and alumni, hold off on ANY contributions until Stanford gets really serious about its status as the school with the highest rate of on-campus sexual assaults? And stops trying to sweep the reports under the carpet? And acts with compassion and dignity in offering condolences and counseling to the victims, as lesser schools have done?


2 people like this
Posted by member
a resident of Another Palo Alto neighborhood
on Jun 13, 2016 at 8:35 am

Lesser schools? If they have acted with compassion and dignity in offering condolences and counseling to sexual assault victims I would most certainly not refer to them as a "lesser school"!


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