Late last week, Georgetown University announced a major decision — “to divest from fossil fuel investments over the next decade—including divestment from public securities within five years and private investments within ten years.” University President Jack DeGioia gave credit to members of the University community and to the Pope whose 2015 encyclical, Laudato Si’: On […]Continue Reading 197 words
We wanted to give a shout out to all the #FriendsofthePlanet who signed the Harvard Forward petition or nudged a friend or family member to do it! We were one of the first publications to give them media coverage and raise the profile of their campaign to get enough signatures to put five candidates on the […]Continue Reading 174 words
On Friday, during the show “Squawk Box,” CNBC Market Analyst Jim Cramer compared oil and other fossil fuel stocks to “the stigma attached to investing in tobacco companies” as shares of both Chevron and Exxon both fell in early trading Friday after announcing quarterly results. And from the Big Ten to the Ivy League, universities are becoming a focus of divestment efforts — student leaders from across the Big Ten Conference last weekend called on their institutions to begin divesting from fossil fuels, representing 500,000 undergraduate students across 14 institutions.
Why This Matters: We are reaching a point where a consensus of public opinion — particularly young people who are pressuring their elders to change — is that fossil fuel stocks are bad investments, not just bad for their impact on climate change.Continue Reading 549 words
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