Monday, October 10, 2016

5 Questions about Divestment Strategies as Fossil Fuels take Center Stage

This article shows that the debate between advocates and opponents of divesting from fossil fuels is hardly settled. The big success in this movement was the recent decision of Stanford University to divest its endowment from some 100 publicly traded coal companies. The size of Stanford’s endowment, topping $18 billion, grants the fossil fuel divestment movement, largely still based among university students, a momentous success that could impel other big tax-exempt institutions—for example, Harvard University, controlling the nation’s largest university endowment—to follow suit. Finally, they Assume that the divestments of universities, foundations, and pension funds won’t stop investment in fossil fuels, and that other investors will step in and buy, perhaps at bargain rates. A divestment campaign isn’t really an economic campaign; the target is political change. And realize that fossil fuel divestment is a political movement, not a narrow political campaign.

https://nonprofitquarterly.org/2014/05/15/5-questions-about-divestment-strategies-as-fossil-fuels-take-center-stage/

1 comment:

  1. Good way to put it that it isn't really a economic campaign as it is a social and political movement for change.

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