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KEMPFF | Invest in Ithaca

My life flashed before my eyes when I saw the 10-foot-tall, paper-mache capitalist. Last March, climate protesters held up the roads throughout Central Campus to campaign Cornell’s divestment from fossil fuels. I have to hand it to them; anyone who is willing to stand outside in Ithaca in March must be really committed. In just a few short months, word came from the bureaucrats in Day Hall (or wherever they work): Cornell’s seven billion dollar endowment would be effectively divesting from fossil fuels. This was not only a win for climate activists, but for anyone who cares about socially responsible investing.

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GUEST ROOM | Our Students Are Paying for a ‘Fat and Happy’ Budget

In response to The Sun’s Oct. 29 article, “Cornell Bleeds Red Ink in Latest Financial Report with Operating Losses of $104 Million,” as an alum, parent and long-time volunteer for the University I was not surprised by the bad news. While student tuition and alumni contributions continue to rise, once again University expenses outpaced revenues. In the world of finance, most businesses and not-for-profits lose money by either not generating enough revenue or they pile on too much administrative overhead. Many iconic brands like Eastman Kodak, Lehman Brothers and Enron filed for bankruptcy or closed because executives rewarded themselves with fat salaries and happily ran to the bank while taking their eye off the true meaning of their business.

Fossil Fuel

EDITORIAL: Time to Divest From Fossil Fuels

The moral case for Cornell divesting from fossil fuels has long been clear. Simply put, the University should not hold equity in resource extraction firms that have sent the planet hurtling toward climate ruin. An overwhelming body of science tells us the fallout of human-caused climate change will come in the form of severe developing-world food insecurity, more frequent extreme weather events and worse economic growth. Projections indicate death, disease, dislocation and malnutrition will sharply rise, especially for the global poor. The cost in human misery will be enormous.