Colorado Recognizes the Flaws of Divestment

In a recent interview with The Daily Caller, Heidi Ganahl talked about her recent win for the at-large seat on the University of Colorado (CU) Board of Regents. During the long campaign, Ganahl was up against a “well-funded environmental machine,” aimed at pressuring college-board members to adopt their political agendas and adjust the university’s endowment to meet those wishes.

This shouldn’t come as a surprise as more and more environmental groups are being exposed as fronts for billionaires who are out of state, and therefore, out of touch, with the needs of universities or pensions they’re fighting to infiltrate. In this case, Alice Madden, Ganahl’s opponent and Ganahl were hoping to secure the CU Board of Regents $3.5 billion budget, which oversees 61,000 students across four campuses for their policy agendas.

Madden, whose behind-the-scenes funders consisted of Tom Steyer, a major supporter of the divestment movement, and George Soros, a supporter of divestment measure campaigns that have been waged by activists groups to the Board of Regents. Even though the Board rejected a divestment proposal last year with a 7-2 vote, pressure continued to build throughout the campaign as activists believed a Democratic majority on the Board would carry out their demands for divestment of fossil fuels.

In reality, as decided by the November 8th election, Colorado cares more about the cost of tuition, generating jobs, and restoring free speech to campuses, according to Ganahl. Specifically, “she believes in ‘feisty debate’ and that colleges should focus on ‘teaching students how to think, not what to think.’”

Colorado’s decision to put Ganahl on CU’s Board of Regents underscores the direction that Colorado wishes to take their university system – away from divestment measure that could threaten the strength of the endowment and thus the future of the state’s education system. And like other schools, such as Harvard University, Massachusetts Institute of Technology, and Stanford University, CU recognizes that there is no real environmental benefit for fossil fuel divestment – it’s just a costly political stunt that endangers future beneficiaries of endowments or funds – a stunt that is proven by Colorado’s recent election.

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