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Article

26 Oct 2015

Author:
Eric Convey, Boston Business Journal (USA)

Massachusetts Institute of Technology announces plan to fight climate change; does not divest from fossil fuels

"MIT announces plan to fight climate change, but without one component activists sought", 22 Oct 2015

MIT President Rafael Reif Wednesday unveiled a broad plan to fight man-made climate change but stopped short of divesting the school's $13.5 billion endowment of investments in fossil fuel companies. The plan calls for:

  • Fostering improved understanding of climate change.
  • Accelerating progress on low-carbon technologies.
  • Creating academic programs that use both traditional and online work to foster study of sustainability.
  • Expanding online executive education to include more work around sustainability.
  • Reducing carbon emissions on the MIT campus in Cambridge.

As for resisting calls from activists to divest of companies in the fossil fuel sector, the plan states that "well-crafted policies can harness the creative forces of industry to serve the common good.”