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Title: Divestment as a powerful tactic
Contributor(s): Branagan, Marty  (author)orcid 
Publication Date: 2015
Open Access: Yes
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Open Access Link: Access Link
Abstract: Our universities are under attack not just from successive governments led by the major parties, but from the powerful corporate interests pulling their strings. But divestment can be used as a tool to benefit both the environment and our sector. We saw the power of corporate interests when Kevin Rudd tried to introduce a reasonable tax on the mining of non-renewable resources, similar to the tax on oil extraction by the Norwegian Government which has resulted in a massive 'sovereign wealth fund' for that country's future. In Australia, however, the mining industry outspent the Government tenfold, funding a $22 million advertising campaign against the tax, which dwarfed the Government's spending on promoting the tax. The tax was watered down considerably to appease the mining interests, and Rudd was deposed not long afterwards.
Publication Type: Journal Article
Source of Publication: Advocate, 22(3), p. 27-27
Publisher: National Tertiary Education Union
Place of Publication: South Melbourne, Australia
ISSN: 1329-7295
Field of Research (FOR): 139999 Education not elsewhere classified
169999 Studies in Human Society not elsewhere classified
Socio-Economic Outcome Codes: 970113 Expanding Knowledge in Education
939999 Education and Training not elsewhere classified
960302 Climate Change Mitigation Strategies
HERDC Category Description: C3 Non-Refereed Article in a Professional Journal
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