MIT rejects fossil fuel divestment but is still a leader on climate change

Published: 26 Oct 2015

Source: The Conversation (US)

The Massachusetts Institute of Technology announced this week a new climate change action plan that rejects calls from activists to divest its endowment from the fossil fuel industry. MIT over the next five years will dedicate more than US$300 million to the creation of eight low-carbon energy research centers, where faculty and students will partner with industry on developing breakthrough technologies. For example, among the research centers planned by MIT is one focusing on developing carbon capture and sequestration. Many experts warn that thousands of coal and natural gas plants worldwide will have to be fitted with the technology in order to limit global emissions to safe levels. Rapid development and adoption of carbon capture technology will require close collaboration between leading research universities like MIT and the fossil fuel industry. The university also plans new environmental sustainability degrees and courses, and to use its international convening power to spark collaborations and ideas across societal sectors.