THE TUFTS DAILY
Mostly Sunny 30/20
VOLUME LXVII, NUMBER 23
by Victoria
Leistman
Daily Editorial Board
University President Anthony Monaco in a Feb. 12 announcement stated that the university will adapt three recommendations from the Tufts Divestment Working Group. The Board of Trustees, during their Feb. 8 meeting, agreed to adapt the recommendations, which include refraining from divestment at this time, creating a separate Sustainability Fund — which would allow donors to ensure that that their contributions are not invested in fossil fuels — and pursuing other courses of action to expand climate change awareness. Monaco established the Divestment Working Group last April in response to a written proposal that members of the student-run organization, Tufts Divest for Our Future, had presented to the Investment Committee of the Board of Trustees in February 2013, according to Tufts Divest member Devyn Powell, a senior. Executive Vice President Patricia Campbell, who served on the working group, said that each member was chosen to create an accurate representation of students, faculty, Trustees and the administration. The 11 members included were Trustees Laurie Gabriel (J ‘76), Bill O’Reilly (A ‘77; A13P) and Andrew Safran (A ‘76; F ‘77); Advisory Committee on Endowment Responsibility (ACER) student representative Andrew Peng, a senior; Tufts Divest student representatives junior Lila Kohrman-Glaser, sophomore Ben Weilerstein and Powell; and faculty members Kelly Sims Gallagher, R. Bruce Hitchner and Ann Rappaport, in addition to Campbell. Hitchner said that all entities serving on the group approached the three charter points with different perspectives and levels of understanding, but that their collaboration was necessary. “I thought engagement [of] students, faculty and members of the Board of Trustees and administration was a good mix for this purpose, and an essential mix,” he said. “It’s important that all those perspectives be continually taken into account when it
TUFTSDAILY.COM
Tuesday, february 25, 2014
University will not divest from fossil fuels ‘at this time’
comes to important decisions within the university.” Katie Walsh (F ’13), who was initially chosen to serve on the working group before she graduated last spring, said that she feels the members of the group represent only a minority of the community. The composition reflected an imbalance in the decision-making process and disregard of the recommendations made from Tufts Divest, she said. “Everyone was cherry-picked by the university,” Walsh said. “From the get-go, the formation was decided. We had other recommendations, other professors, other knowledgeable staff — folks with a lot of expertise and background in business. We recommended different Trustee members. From the initiation of the working group, it was very much a university-driven and university-decided process.” Weilerstein, who took Walsh’s place on the group when she graduated, said that he also felt from the onset that the group was created without the intention of seriously considering student voices on the issue of divestment. “The way that they set up the working group [and] the questions that they asked going into it were meant to basically cut off the option of divestment, were meant to show why divestment wasn’t a good option or wasn’t a good idea, instead of looking for ways that we could make it work,” he said. Campbell said that all members were actively heard and respected during the working group’s seven meetings. “I would say it was a very open dialogue,” she said. “I think it was clear from the start that the students did have a particular point of view and were advocating from the point of view of divestment. Everyone was able to participate fully.” Gabriel, the chair of the Board of Trustees’ Investment Committee, agreed, and said the working group took on a serious tone. “I think that everybody on the committee came into the conversation recognizing that global climate change is a serious issue and that if we could do something
Arianna Huffington to speak at Murrow Forum Editor-in-chief and President of the Huffington Post Media Group Arianna Huffington will address the Tufts community at the ninth annual Edward R. Murrow Forum on Issues in Journalism, according to Director of the Communications and Media Studies (CMS) Program Julie Dobrow. “We always try to get an A-list journalist to come for our Edward R. Murrow Forum on Issues in Journalism and it seemed to us that while we have had a lot of television journalists who have come, we have had far fewer print journalists,” Dobrow said. “Of course now that online news is such an incredibly important part of the whole complexion of news, we could think of few people who have had more of an impact on online news than Arianna Huffington.” Online platforms, like the Huffington Post, have sped up the news cycle, which Dobrow said she is interested to hear more about from Huffington. “I’m hoping she will talk with us about her perceptions about what online news has meant for all of the competition in print broadcasting and other online sources,” Dobrow said. “Does online news continue to democratize news for us? Does it mean we increasingly can read about or tune into only the news that which we basically already agree?” Dobrow emphasized that both Murrow and Huffington have participated in revolutionary changes to news media. “One of the things that characterized Murrow was that he did a lot of really cutting edge things in his day,” she said. “When news went from radio to television, he was right there making that transition, he was very important in that. [Murrow] was amazing about contextualabout it, we were all in favor of doing that — provided that it made sense for the university,” she said. Campbell said that employees of the school’s Investment Office put together a model representing the effects that divestment would have on the university. The working group then discussed the risks, ben-
Zhuangchen JJ Zhou / The Tufts Daily
Courtesy Wikimedia Commons
Huffington will speak at the Murrow Forum in April. izing news and I think that is something that potentially the Huffington Post does as well. ... I wanted to have Ariana Huffington come here because just like Edward R. Murrow, she in her own way has really been a trailblazer in the way that news has been presented to us. According to her bio on the Huffington Post website, Huffington won a Pulitzer Prize for national reporting in 2012 and was named to Forbes Most Powerful Women list in 2013. This year’s forum will be held at 12 p.m. on April 16 in the Cohen Auditorium. — by Justin Rheingold
efits and feasibility of that model. Hitchner explained that the model was put together to look at and understand how the endowment is managed, and revealed the complexity of the divestment concept. “Rather than to simply say if [divestment] is good or bad, we could actually put together a model of what divestment would look like,” he said. “Initially, my view was that this might be best done by an outside firm. But the resources for doing that were not available, and so it was done in house by the Investment Office. It’s probably fair to say that it’s hard to have gotten a totally objective perspective on that, but there was undoubtedly some risk no matter what you did with divestment.” According to Monaco’s announcement, the model revealed that even the most conservative divestment approach would affect 60 percent of the university’s investment strategies and result in a $75 million loss to the endowment. Weilerstein said that he was frustrated that so much time and weight was given to the model conducted by the Investment Office, instead of seeking out third-party consultants and considering alternative routes. “Their energy was very focused on proving how we couldn’t do it, not [on] finding how we could do it,” he said. According toWeilerstein, alumnus Michael Kramer (A ‘88) of Natural Investments, LLC was consulted by the working group and offered alternatives that were not taken. “They spent so much time with this model,” Weilerstein said. “And yet [Kramer] identified managers that we can begin to switch to and [he] identified alternatives that we have. We know we can’t divest all of
Boston-area students stood with pro-divestment signs outside a Jan. 24 meeting between Tufts Divest For Our Future and the Board of Trustees at the Tufts School of Dental Medicine campus.
Inside this issue
Where You Read It First Est. 1980
see DIVEST, page 2
Today’s sections
Students, professors discuss prevalence of protests on campus.
From episode one, ‘House of Cards’ season two keeps its audience on the edge of its seats.
see FEATURES, page 3
see ARTS, page 5
News Features Arts & Living Editorial | Op-Ed
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