The Financial Implications of Divesting
By: Rohan Upadhyay On February 16th, Dores Divest filed a legal complaint - alongside students at Stanford, Yale, MIT, and Princeton - with the Tennessee attorney general to compel Vanderbilt to divest from fossil fuel investments. The complaint invoked the Tennessee Uniform Prudent Management of Institutional Funds Act (UPMIFA), which states that nonprofit funds must invest responsibly with regard to the community’s well-being. They argue that Vanderbilt disregards this principle. To learn more about the motivations, arguments and goals of the complaint, I spoke with Miguel Moravec, a co-founder of Dores Divest. I also spoke with Joshua Doh, a student…