STANFORD (CBS SF) -- Stanford University students and supporters were holding a rally Friday culminating a five-day sit-in calling for the college's divestment from the fossil fuel industry.
More than 100 students have been camping out at the main quad since Monday afternoon outside University President John Hennessy's office demanding administrators divest from the top 100 oil and gas companies.
The action was organized through Fossil Free Stanford, a student organization that has been working on the effort for nearly three years, organizer Michael Peñuelas said.
The group was inviting the administrators to address any concerns at the 11 a.m. rally, when students will be prepared to accept any charges the university may file against them, according to Peñuelas.
On Thursday night, the university sent the group a notice stating that administrators are considering suspension of their request for divestment from oil and gas companies due to the action, which was a disappoint for Peñuelas.
The notice also stated that if students didn't leave the quad with their belongings by 5 p.m. Friday the university would review them under its Fundamental Standard, which outlines conduct expected from students, Peñuelas said.
The students have also violated the college's use of the main quad policy and trespassed in violation of state law since they are blocking an administration building, according to university officials.
The sit-in is surrounding a building housing the university's president and provost offices, where no staff have shown up since Monday, Peñuelas said.
The students plan to leave the quad at the end of the rally to participate in a Transgender Day of Remembrance scheduled in the afternoon, Peñuelas said.
The university has a Thanksgiving recess scheduled next week.
The group held a meeting with Hennessy on the issue last week and attempted to schedule another one with him for Friday, according to organizer Michael Peñuelas.
Throughout this week, professors have held classes at the quad in support of the group's cause and teach-ins on environmental issues, Peñuelas said.
About 30 alumni rallied with the students on Thursday calling for divestment and said they will not make contributions to the university unless they follow through with the divestment, Peñuelas said.
Seniors have also pledged to not donate to the senior gift, a fundraiser that helps contribute to The Stanford Fund to assist in university scholarships, academic programs and student organizations, according to Peñuelas.
Last year, the university divested from the coal industry after a petition brought forward by Fossil Free Stanford and recommendations from the Advisory Panel on Investment Responsibility and Licensing.
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