Cancel Puerto Rican Debt

By Adriana Colon and Jamie Chan

The English version of this article can be found here: https://yaledailynews.com/blog/2018/11/14/colon-cancel-puerto-rican-debt/

La universidad de Yale tiene un largo historial de inversiones en intereses que causan daños sustanciales a la sociedad. Durante la década de los 80, Yale invirtió en múltiples empresas que estaban comprometidas con la segregación racial de Sudáfrica. Recientemente, Yale obtuvo lucrosas ganacias provenientes de su inversión en fondos de cobertura en la crisis de deuda de Argentina, y todavía continúa generando ganacias de sus inversiones en la industria de combustibles fósiles. Hasta el sol de hoy Yale continúa su legado de beneficiarse a base de inversiones predatorias. Al menos cinco de sus administradores de inversiones son acreedores de la deuda esterna de Puerto Rico; Baupost, LLC; Cyrus Capital; Fortress Investment Group; Corbin Capital Partners; y Carmel Asset Management.

Una de las organizaciones estudiantiles dentro del campus de la universidad, Fossil Free Yale, ha estado exigiendo que Yale desinvierta en la industria de combustibles fósiles desde 2012. Ahora, están trabajando para la promover una campaña llamada “Cancela la Deuda”. Esta campaña exige que Yale presione a sus inversionistas a que paralicen la colección predatoria de la deuda puertorriqueña y si los gestores se rehúsan, la universidad Yale debe remover sus inversiones en esos fondos. Estas inversiones predatorias claramente retrasan e impiden el progreso de Puerto Rico. La oficina a cargo de  las inversiones de Yale no considera estas acciones lo suficientemente inmoral para que la universidad retire sus inversiones. Los problemas de combustibles fósiles e inversiones en deuda tienen fuertes vínculos con el estado actual de la isla debido al hecho que las las naciones insulares y comunidades de color son los más se ven más severamente impactados por los cambio climáticos y los desastres naturales.

Desde Mayo del 2017, Puerto Rico ha sido declarado en estado de bancarrota, con una deuda pública de aproximadamente $120mil millones de dólares y múltiples dudas de pensiones. Mucha gente cree que ésta deuda fue creada ilegalmente por los Estados Unidos basada en una combinación de leyes de impuestos sobre negocios explodorase injustas y la exclusión sistemática de los Puertorriqueños del órgano político que aprueban a estas leyes. Por esta razón, los ciudadanos de la isla no deben ser responsables de pago la deuda. Sin embargo, la universidad de Yale no está de acuerdo con esto. Baupost y Cyprus Capital, los quinto y séptimo más grandes administradores de inversiones de Yale, tienen $911 y $93 millones respectivamente en bonos de COFINA. COFINA es  la autoridad de impuesto sobre ventas de Puerto Rico. Baupost es el propietario más grande de bonos de COFINA. Con otros, Baupost y Cyprus Captial han demandado a Puerto Rico, exigiendo que el gobierno pague primero sus bonos antes de antes que el gobierno puertorriqueño atienda sus obligaciones con los ciudadanos de la isla.

El repago a los propietarios de deuda se ha convertido el deber primario del gobierno de Puerto Rico, dejando en un segundo plano el bienestar social de los residentes de la isla. PROMESA (the Puerto Rico Oversight, Management, and Economic Stability Act) fue aprobado en 2016 por el gobierno de EEUU para crear La Junta de Control Fiscal (o “La Junta”) para supervisar la reestructuración de la deuda. La Junta es inherentemente antidemocrática, en esta junta los puertorriqueños no tienen derecho al voto. Los puertorriqueños no pueden votar por el presidente de los Estados Unidos, ni tampoco se les permite votar por “los representatives” forzados en la isla por los EEUU, debido a el status territorial de la isla.  

En lugar de ayudar a Puerto Rico a alcanzar un nivel sostenible de deuda, La Junta ha forzado al gobierno de Puerto Rico a reducir el gasto público para así poder pagar a  los propietarios de su deuda. La presión creada por los inversionistas de Yale ha incrementado en gran manera este problema. El plan de La Junta consiste en su mayoría en promover medidas de austeridad, estas medidas incluyen el cerrar cientos de escuelas públicas y reducir la asistencia médica y pensiones a la ciudadanía. Simplemente, La Junta está comprometiendo el futuro desarrollo y bienestar de la isla para beneficiar a los intereses de inversores privados. La presencia malévola en la isla de La Junta ha dado nacimiento a nuevo dicho popular en Puerto Rico conocido como, “PROMESA es pobreza.” Miembros de La Junta  de benefician de la explotación de la isla atravez de salarios exorbitantes de millones de dólares, mientras el ingreso mediano de un hogar puertorriqueño es de solo $20mil dólares anuales.

La recuperación de la isla después de la destrucción causada por los recientes huracanes Irma y María el pasado septiembre ha sido prácticamente imposible, debido a la continua crisis financiera y la opresión impuesta por los cobradores de la deuda externa. La participación de Yale en inversiones relacionadas a combustibles fósiles afecta a todos sus alumnos.La deproporciante inversión de Yale en la deuda de Puerto Rico causa daños irreparables en las vidas de sus estudiantes puertorriqueños contribuyendo a la historia larga de abuso en contra de los estos ciudadanos, tanto para los que residen en la isla como en el  extranjero. Éste comportamiento es inaceptable, especialmente cuando la Universidad de Yale alega tener un compromiso de proveer igualdad de oportunidades a todos sus estudiantes independientemente de su origen.

La trayectoria para el desarrollo continuo de Puerto Rico debe ser una decisión a manos de  los residentes de la isla. Los estudiantes de Yale tienen la oportunidad y la responsabilidad de exigir que la universidad administre éticamente sus inversiones, y no obstruir la recuperación de Puerto Rico. Este sería un primer paso para que Puerto Rico pueda ejercer su soberanía.

Aprender más sobre cómo puede apoyar la Cancela la Deuda campaña por entrar en la lista de correo de Fossil Free Yale y leyendo sobre el movimiento a www.yalecancelthedebt.org.

#ResistReject Denial and the Alumni Apartheid Panel

#ResistRejectDenial

On January 23rd, Fossil Free Yale participated in a nation-wide, post-election action coordinated by 350.org and the divestment student network.  This national day of action, tagged #resistrejectdenial, showed that students and allies across the country will stand up against the climate deniers that populate the new administration’s cabinet.  In our action, we entered Woodbridge Hall with a group of students holding signs with the faces of especially egregious climate deniers in the cabinet: Rex Tillerson, Scott Pruitt, and Rick Perry.  Three of our freshmen spoke, highlighting the dangers of each cabinet nominee, and speaking about their personal stakes.  Mary Evelyn Tucker, one of our faculty allies from the Divinity School, also spoke, referencing a passage from Yale‘s very own handbook, The Ethical Investor, about the university’s moral obligation to divest in a “world in flames” situation.  FFY and friends filed out with a song.

Apartheid Divestment Panel
On February 9th, Fossil Free Yale and Yale Students for Prison Divested hosted four Yale alumni who were lead organizers in the South African apartheid divestment movement of the 1980s. Inspiring Alumni Charlotte Hitchcock and Andrea van den Heever were also scheduled to come but travel plans were cancelled due to an intense snowstorm. These four extraordinary organizers — Matthew Countryman, Elizabeth Juliver, Michael Moran, and Jon Ritter — spoke about divestment as a tactic, organizing at Yale, building coalitions with other student groups, unions, and New Haven-ites, putting together thousand-person demonstrations, and what it was like to build and live in a model Shantytown on Beinecke Plaza.  Roughly one hundred members of the Yale community came out for the event (despite the blizzard and the cancellation of classes), and it was followed by a march to Beinecke Plaza, where the Shantytown once stood and where the President still works.

Alumni for a Responsible Endowment
Thank you to the alumni who signed our online letter to the Yale Corporation recommending that the University divest from the fossil fuel industry.  You can read the letter here  – and it’s not too late to add your signature!

Fossil Free Yale Rally: Invest In Our Future! Divest From Its Destruction!

On Sunday, December 4th, 2016, Fossil Free Yale held a rally at Sterling Memorial Plaza.  About 125 members of the Yale community attended, including undergraduate, graduate students, and faculty.  The action kicked off our campaign in the post-election world. In a Trump America, we can no longer count on the federal government to take action to ensure a liveable planet, so we need every institution to do what it can to protect our futures–starting with Yale. We’re calling on the administration, as well as students, faculty, and staff to come together to take action on climate.

On the chilly December afternoon, FFY and supporters congregated around the Women’s Table.  In the backdrop of the rally stood a ten foot mural a painting depicting our vision of a better future.  Students made speeches, including representatives from FFY–who spoke about the power of organizing, the urgency of the current moment, and the need for reinvestment, respectively–and a representative from the Association of Native Americans at Yale, who spoke about the current battle to stop the Dakota Access Pipeline.   In between speeches, students chanted, sang, and held hand-drawn signs depicting Indigenous water protectors facing off with law enforcement officials.   

The rally came just two days after Fossil Free Yale, along with a coalition of student groups, published and delivered a new letter for the Yale Corporation. The letter to the Corporation included suggestions regarding what transparency measures they might take. This September, the Corporation’s declared that it intended to improve transparency through a number of reforms, and this letter aimed to detail what students would like to see change as far as Corporation accountability and decision-making. The rally was therefore also intended to put pressure on the Corporation to consider the suggested measures in their upcoming meeting.

In addition to this weekend’s activity, FFY has been working with the ACIR (Advisory Committee on Investor Responsibility), and, based on a response to the group’s proposal last spring, has reason to believe that the Yale Corporation is considering divestment from ExxonMobil! This is a tremendous victory, and we hope that through continued demonstrations of student support, the Corporation will take the ACIR’s recommendation seriously.

Finally, this Sunday’s was the first campus action focused on climate and environment since Trump was elected.  With a president-elect who doesn’t believe in climate change, wants to pull out of the Paris agreement, and pushes a 100 day plan based in fossil fuel extraction, the stakes are higher than ever.  This rally was inspired in part by the energy coming from the thousand person meeting on November 14th at Yale Law School and the climate change working group that was created there.  FFY is excited about its broadening base, with the graduate students and faculty that have become, in this moment of increased urgency, part of the movement.

Looking forward, keep an eye out for Yale Prison Divest’s open meeting with the ACIR on December 12th, and their combined panel on apartheid divestment, featuring alumni that participated in Yale’s apartheid divestment movement in the 1980s, on January 26th!

October Updates

A Moment in Transition

Momentum is building in the fossil fuel divestment movement throughout the world.  Congratulations to King’s College not only on divestment but on reinvestment in clean energy, to Fossil Free Otago Uni and the University System of Maryland on full divestment from fossil fuels!  We’re looking to Northeastern University whose divestment campaign staged a “Camping for Climate Justice,” a 12 day occupation on their Centennial Common this month.  We’re looking to Harvard, whose Corporation declared this week that it will start to “move away” from coal investments. And of course, Yale, we’re looking to you.  The divestment movement is winning.

Corporation transparency initiative

On September 14th, the Yale Daily News published “Corporation To Deliberate Transparency”  a front-page story announcing a new transparency initiative by the Yale Corporation.  According to the article, in response to demonstrations of frustration with the inaccessibility of the Corporation by FFY and other student groups, the Corporation will consider a “comprehensive plan on increased transparency and accessibility.” The plan includes increased opportunity for students to interact with Corporation members, investigations into how governing bodies function at like institutions, and more communication with the faculty.  Stay tuned for Fossil Free Yale actions that aim to hold the corporation accountable to these vague initiatives and demand specific changes in engagement.

Letter to the Corporation

A coalition of student groups is following up the Corporation’s potential transparency initiative by drafting a letter with what we want to see change.  The way the Yale Corporation operates is incredibly important to many student groups for many different reasons.  Prison Divest, Students Unite Now (SUN), Yale Student Environmental Coalition (YSEC), and FFY have worked together to co-write and co-sign a letter that we will deliver i.

 

Ban Ki-moon, Spring Escalation, and $10 Million Divested

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It’s been a crazy whirlwind of a day. United Nations Secretary General Ban Ki-Moon came to campus and spoke in support of FFY, Yale announced new steps toward partial divestment, and other divestment campaigns took powerful action across the country. There’s a lot to be pumped about and a lot of work left to do.

Here’s a brief summary of what went down:

1. The Yale Investment Office sent a letter to the Yale community saying that two of Yale’s external fund managers have chosen to divest $10 million from fossil fuel companies. It’s a victory, but a limited one.

Just two hours before Fossil Free Yale’s planned action during Ban Ki-Moon’s keynote address, David Swensen released a statement implying that the university was taking active steps to divest its endowment from the fossil fuel industry. The Yale Daily News followed up with the headline “Yale begins divestment from fossil fuels.” Our initial excitement was followed by intense confusion.

In fact, this letter didn’t reflect any commitment to divestment on the part of the university, just the individual actions of two outside fund managers. This partial divestment was done not because of concerns about racial justice or climate justice, but because Yale investors, as usual, are most concerned with their bottom line. We remain committed to winning binding, comprehensive, and morally unambiguous divestment from the fossil fuel industry, and the Yale Corporation remains committed to being opaque, inaccessible, and putting profit over people.

Still, this is a very exciting win for our campaign. This progress is the result of strong organizing all across this campus (and country!), and opens more space for the change we need. The Corporation has heard students and shown that they feel our pressure, and we must fight harder than ever to hold them accountable for the injustices they fund.

2. Fossil Free Yale and Association of Native Americans at Yale partnered for direct action at Ban Ki-Moon’s keynote address. Ban Ki-Moon said he’s “grateful” for our work and urged Yale and other universities to fully divest!

Tuesday afternoon, 120 people attended a rally put on by FFY and ANAAY immediately following UN Secretary General Ban Ki-Moon’s keynote address at this year’s Global Colloquium of University Presidents. The rally followed leafleting before the keynote and disruption by FFY members inside the keynote.

The theme of this year’s colloquium is cultural heritage, and the purpose of the actions was to put pressure on the dozens of elite university presidents in attendance. They cannot claim to preserve cultural heritage while actively profiting from extractive industry, racial injustice, and climate crisis. Before the keynote, we were outside, handing out leaflets and having conversations with those attending about our mission and the hypocrisy of supporting “cultural heritage,” while investing in an industry that actively destroys it and exploits indigenous communities while extracting their resources.

During the keynote, FFY members stood in somber silence at the first mention of climate change. They held large banners reading: “The UN supports divestment. Universities, when will you?” Ban Ki-Moon interrupted his speech to thank them and call for divestment! Later in the speech, he directly addressed divestment again, and urged all universities, not just Yale, to fully divest.

After the event, over 100 undergrads, grad students, reporters, and other community members joined at a rally to hear incredible speeches from Prison Divestment, FFY, and ANAAY. We chanted “Divest the Rest!” and ended with a song, both celebrating our victories and committing to further action. Campaigns worldwide stood in solidarity with our action through pictures and statements of support — check out the pictures on our Facebook page.

3. UMass Amherst and Harvard took bold action

This is a spring of badass student organizing across the country. Today 115 students with UMass Fossil Fuel Divestment Campaign occupied Whitmore Administrative Building, resulting in 15 arrests. They will be back tomorrow with even more students, for hours more of negotiations. Four student organizers with Divest Harvard were also arrested. We stand in solidarity with these campaigns, and are so excited to see that STUDENT POWER CREATES CHANGE. Sending so much love to those organizing for justice everywhere, and everyone that supported us today! Another world is possible, and it gets closer with every act of collective resistance.

In solidarity,

Fossil Free Yale

New Demands to Corporation: Respond to our most recent proposal and have an open meeting

On Friday, March 24th, FFY sent out a letter to the members of the Yale Corporation stating our hopes for cooperation this spring, and our willingness to take action without it.  The letter, which you can read here, reiterates our ask that the Corporation respond to our latest proposal either by supporting divestment, or defending inaction, and also requests the University create an open meeting where students can present on University issues. We require a response from the Corporation by April 7th, and warned that we will escalate our actions if they do not.

Attached are some excerpts and a link to the letter.

FFY on why the Yale Corporation should have an open meeting:

“Fossil Free Yale has tried to engage with Yale’s administration through every established channel. When the ACIR asked us to draft a divestment proposal, we drafted a divestment proposal. When the ACIR asked us to hold a student referendum, we demonstrated that 83% of undergraduate students who voted on this issue support fossil fuel divestment. When the ACIR asked us to present new information, we drafted a new proposal, expanding on existing arguments. We have met with the ACIR countless times over the past three years, and yet we leave every meeting as confused about the inaction of the Yale Corporation as ever. We would like to engage productively with the administration on divestment, but thus far we have not been given the opportunity. The existing process keeps students far removed from those who actually make important decisions about the community we live in and care about. President Peter Salovey has repeatedly praised the student body for raising questions and starting difficult conversations on campus. But it’s impossible to have an authentic dialogue when student advocates are not allowed to meet with those who truly have decision making power: the Yale Corporation. A yearly open meeting would provide a platform for such engagement and would benefit both the Corporation and the student body by facilitating communication.”

And FFY reiterating why Yale must divest:

“The fossil fuel industry causes mass damage to human health and the environment through its contributions to climate change, harmful extraction and refinement processes, and campaigns to mislead the public and produce socially suboptimal governmental policy. These harms are inherent to the business model of fossil fuel companies, so shareholder engagement has limited potential to effect sufficient and lasting change. We, Fossil Free Yale, argue that divestment is the most effective response. By contributing to a global movement, divestment can influence a shift in governmental policy toward appropriate regulation of the fossil fuel industry. In the past, divestment movements have been proven effective when leading cultural institutions divest, as when Yale divested from South Africa in the 1980s.”

By Friday, April 7th, we ask that Yale reply to these asks. We hope that this spring will be a season of productive engagement, when the Yale Corporation and Fossil Free Yale can work together towards a more sustainable, ethical university and world

Read the whole letter here: LettertotheCorporation324

Speak Out: What would you say to the Yale Corporation?

FFYSpeakOut_20160219_007Fossil Free Yale (FFY) held a Speak Out action with the prompt: “What would you say to the Yale Corporation?” on Friday, February 19th beginning at 1:00 in Beinecke plaza. The action was planned in response to the new that the Yale Corporation met this past weekend. Details of the meeting’s purpose, length, and location have not been disclosed, and no students or faculty representing Fossil Free Yale or any other student groups were allowed to attend.

On Friday,  50 students gathered to share their stories and thoughts about fossil fuel divestment and climate justice, as well as their relationship to Yale’s power structure. With regards to climate injustice, many spoke out about the benefits of divestment and the ability of Yale, as a renowned university, to impactfully stigmatize injustices of the fossil fuel industry. Some shared stories about challenges specific communities have faced due to climate injustice. With respect to the power structure of Yale, many mentioned the lack of transparency in decision making processes and the lack of response to student campaigns. Students spoke about the campaign to change the name of Calhoun College to Thompson College, the organizing last semester of Next Yale, and the ongoing effort to reduce or eliminate the Student Income Contribution. The event made space for students to share these stories, as well as to communicate their positive visions for the Yale campus and society as a whole.

Students made these statements in a big circle, which included a row of four chairs occupied by empty suits, meant to represent the Yale Corporation’s absence and lack of engagement with students. The empty suits also symbolized administrators’ (such as those on the ACIR) unwillingness to push the boundaries of their formal roles.

Before and during the action, students wrote their positive visions for Yale and how they felt personally connected to the divestment movement on bright orange ribbons. These ribbons were read to the crowd and collected on a string, to create an art piece that encourages the empowerment of student voice.

FFY was inspired to pursue this issue by challenges they have encountered in trying to engage the Corporation in discussions about divestment. They met with the ACIR for the eighth time this spring semester, and presented a third version of their proposal. FFY requested that the ACIR issue a public statement in support of divestment, pass the proposal onto the Corporation, and that the Corporation either meet with members of FFY, or allow a student or faculty member to observe their meeting. Nevertheless, FFY has felt it cannot progress towards divestment through these administrative channels. They have been redirected to only discuss their requests with groups who cannot make the decisions, and their dissatisfaction was reinforced when the Corporation met last weekend without giving any information how the meeting was arranged or what was decided. The Speak Out  action would divert from administrative channels to empower the Yale divestment movement with student support. It was also meant to inspire students across campus to challenge the way that Yale’s decision making and administrative power is consolidated in a corporate structure that lacks transparency.

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Students Call for Public Statement from Advisory Committee on Investor Responsibility

On Tuesday, January 26th, at 4:30pm, Fossil Free Yale, a student organization calling for the Yale endowment’s divestment from Fossil Fuels, presented at an open meeting with the ACIR (Advisory Committee on Investor Responsibility).  The ACIR advises the Yale Corporation on ethical investment of the endowment.  Forty-five students and a handful of faculty and community supporters showed up to the public meeting at the Yale Law School, where Fossil Free Yale representatives presented their new proposal. It argued for fossil fuel divestment on the grounds that the grave social and environmental injuries caused by the fossil fuel industry require that Yale take action to maintain its standards of ethical investing.  After presenting the proposal, Fossil Free Yale asked the ACIR to publicly declare their support of fossil fuel divestment, pass the new proposal on to the Yale Corporation, and increase transparency in their meetings with the Corporation. Members of Fossil Free Yale, and their supporters, left the meeting following their presentation, symbolizing their desire for immediate action. They stated on Tuesday that, going forward, they will be focusing on organizing and amplifying student voice on Yale’s campus.

The meeting is part of a long history of engagement between the ACIR and Fossil Free Yale; this was the ninth time that the two groups have met. The ACIR’s primary role has been to present Fossil Free Yale’s divestment proposals and recommendations for divestment policy to the CCIR (Corporate Committee on Investor Responsibility), which provides direct guidance for the Yale Corporation’s use of the endowment. Up until this point, the ACIR’s recommendations have been private, and Fossil Free Yale has been excluded from all meetings with the CCIR.

Fossil Free Yale has been running an active campaign for divestment for three years and organized a 49 person sit-in in Woodbridge Hall last April, during which 19 arrests were made. They have demonstrated student support and commitment to divestment, but have been met with administrative inaction.
“We feel that we have exhausted the ACIR as an administrative channel. After years of meetings and three separate proposals, it’s time for the ACIR to make public their recommendation and fulfill their responsibility to advise ethically,” said Phoebe Chatfield ‘18. “It is our hope that we and the ACIR can stand together in support of fossil fuel divestment while our campaign pursues more direct action.”

You can read our new report here: Report to the ACIR 1.25.2016

EARTH DAY 2015

In 2014, the global temperature was 1.24º above the 20th century average, making it the warmest on record. The sea level was 60.65 mm higher than in 1870. CO2 levels rose to 400 parts per million, the highest ever. In human terms, that meant hundreds of thousands of people displaced, communities ravaged by natural disaster, and severe drought and flooding worldwide. The Earth (as we know it) is at a breaking point.

This Earth Day, let’s take time to look at the true state of climate change and environmental degradation. There has been much progress made this year, with social and political movements pushing for change all over the world, and that progress needs to be celebrated. But in the face of this momentous crisis, we need to remember how much more work needs to be done. As our politicians deny the existence of the crisis and stall attempts at action, as the industry continues to explore for more and more carbon-intensive fuels, and as our very own administration fails to take serious action and refuses to engage in dialogue with us, the crisis is worsening. People all over the world are threatened, especially those peoples who are already most vulnerable.

This earth day, let’s take time to look at the true resistance springing up around the world. We are inspired by the communities who are standing up against extraction and refinement, standing up for their health and safety in the face of exploitative industry. We are inspired by the peoples across the world learning to value the planet and each other. We are inspired by the young people everywhere committing themselves to bring about change. It is this responsibility and strength that is needed from all of us.


2015 can be the year that we turn the tides on this crisis, but first we must recognize the urgency and the mobilization that it truly requires.

Statement on our Sit-In

Friends of Fossil Free Yale,

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Photo: the 19 students arrested and ticketed by Yale during peaceful protest

We want to start off by giving thanks. We are incredibly humbled by the overwhelming support we received not only on the Yale campus but across the country. Thank you to everyone working on all fronts of the divestment and climate justice movement who expressed love and solidarity. We felt the strength of this movement behind us throughout the day, and know that the true meaning of our action is realized in the context of this global campaign. Thank you to the over 150 people who showed up for us, stayed with us, celebrated with us, got angry with us, and received 19 of us outside Woodbridge Hall at the end of the day. It’s difficult to express just how much your presence meant, and will continue to mean to us going forward. You all gave us the courage we needed, and we could not have done it without you. Thank you all so much.

We also want to thank the Yale Police Department and the administrative staff in Woodbridge Hall for the respect and accommodation they showed to us while we were in the building. We appreciated your patience and understanding about why we needed to take this step in our campaign.

While we are very proud of what we accomplished on Thursday and the way our community came together with love and support, we know that much more work lies ahead before we can truly celebrate. We must remember why we decided to take this action, and why we believe in fossil fuel divestment. There is an incredible amount at stake here. Each day that continues with business as usual, we inch closer to climate catastrophe, and each day the fossil fuel industry continues to exploit our planet and our peoples for the sake of profit. Lives continue to be lost. Sitting in Woodbridge Hall and risking disciplinary action and arrest will never compare to the risks faced by those living on the frontlines of the struggle for climate justice. Even as we celebrate victories in our campaign, we must never forget for what and whom we do this work. Our work is far from over.

Shortly after entering Woodbridge Hall, FFY organizer Phoebe Chatfield read a statement to President Salovey asking that the Yale Corporation publicly commit to reconsider divestment. President Salovey responded by redirecting us back to the bureaucratic channels through which we have been working for two years with little progress. This was not a response. Our demand was not that Yale explain its administrative processes, nor was it that Yale commit to divestment while we were still in Woodbridge. Rather, we demanded only that decision-makers address the social injustices of the fossil fuel industry and recognize the widespread community support for divestment. Our ask was merely that the administration commit to reconsider our proposal in full. Yale’s failure to engage in a conversation on climate justice shows just how unaccountable the true decision-makers are to the Yale community, which has demonstrated overwhelming support on all fronts. We believe in the justice of our cause, and we will not be satisfied until Yale chooses to divest from fossil fuels.

The administration’s reaction on Thursday made it clear that they are unwilling to engage with this issue authentically. In this way, Yale continues to disappoint us. The University has disappointed us by ignoring the premise of our arguments, by avoiding real dialogue, by pointing us to unaccountable and ineffective administrative channels, and ultimately, by deciding that they would rather arrest and punish 19 students than commit to engage in true conversation.

Yale further disappointed us with an aggressive reaction to peaceful protest. University Secretary and Vice President for Student Life Kimberly Goff-Crews threatened students engaging in civil disobedience with disciplinary action that could result in suspension or expulsion. Yale disappointed us once again when representatives from the University tried to spin the story, claiming that students were not actually arrested but only cited with “infractions.” This is a blatant attempt to cover up what administrators know was an embarrassing display that contradicted the values of the University. The Yale Police informed us that we were being arrested multiple times, and our legal counsel confirms that arrests took place. No other University administration in the United States has arrested a single student for attempting a sit-in for fossil fuel divestment. Yale arrested 19. Yale has made clear whose side they are on, and it is not the side of the students.

As Thursday’s action demonstrates, the state of our campaign is stronger than ever. We are excited to move forward on all fronts. As of Friday, April 10th, 62 Yale professors have signed a letter of support urging the Corporation to reconsider fossil fuel divestment, with more signatures added every day. We have meetings planned with the Advisory Committee on Investor Responsibility, with whom we will continue discussing arguments for divestment. And, we are excited to continue working with other groups and students on campus. Our sit-in and our campaign for divestment is a part of a larger movement for student voice on this campus known as Unite Yale that works in solidarity with students organizing around cultural centers, financial aid, and mental health reform.

Lastly, we still need your support. On Thursday, Yale fined 19 students $92 each. The combined total of the fines is $1,748, a significant financial burden for these individuals and our campaign. Please donate here to help defray the cost: www.fossilfreeyale.org/donate. Any amount helps.

Onwards and in solidarity,

Fossil Free Yale