Students calling for UNC to divest from coal are looking to the 1980s for inspiration in their ongoing campaign asking administrators to take a moral stance on climate change.
In 1987, student-led protests culminated in UNC divesting funds from companies doing business in South Africa in response to apartheid.
And now, Stewart Boss, events coordinator of the Sierra Student Coalition’s Beyond Coal campaign and a Daily Tar Heel columnist, said the campaign is urging the University to divest from coal to set an example.
Jim Leloudis, a history professor and associate dean of UNC’s honors department, said divestment campaigns in general call into question the ethical responsibility universities have in controversial areas.
“There are two sides. One is that the endowment and those that manage it have a responsibility to maximize yield,” Leloudis said. “On the other side, the university does indeed have a special ethical responsibility.”
The apartheid divestment campaign has served as a model for the length of the current effort.
“It inspires and reminds students that we’re in it for the long haul,” Boss said. “It doesn’t get won in a day, a semester or even a year.”
Students voted in February to approve a referendum encouraging divestment of coal from UNC’s $2.1 billion endowment. Student Congress also passed a resolution March 5 to support divestment.
But Boss said some students hoped to present to the Board of Trustees’ budget committee at next week’s board meeting and were told they could not.