Following in the year-old footsteps of the University and other peer schools, MIT announced Monday that it will divest from companies that it believes are complicit in the mass death occurring in Darfur.
"MIT invests for the purpose of preserving the capital of MIT's endowment and earning a return on capital that is consistent with MIT's longterm investment horizon," a statement released by the school's news office read. "At the same time, MIT will not invest in a company whose actions or expressed attitudes are abhorrent to MIT."
The announcement comes after MIT students orchestrated a school-wide push for divestment, collecting over 500 signatures last year requesting "targeted divestment" by December 31. The school's undergraduate and graduate student governments both voted for divestment by wide margins last year.
Princeton announced last June that it would pursue a similar divestment strategy, though the University noted at the time that it did not believe it had any direct holdings in companies based in Sudan. The policy that was implemented forbade future investments in companies directly or indirectly associated with the region.
Yale, Stanford and Harvard had already announced divestment plans at the time the University publicized its divestment plans. The University of Chicago announced earlier this year that it would not divest from companies involved in Sudan.
Since 2003, tens of thousands of Sudanese have been killed and millions more uprooted from their homes as a civil war rages between Sudanese rebels, government forces and Arab militias. The United States government has officially recognized the Darfur conflict as genocide.
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