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Gates dismissed the calls of the fossil fuel divestment movement – which has already persuaded more than 220 institutions worldwide to divest – on the basis that it would have little impact.
"People understandably fear that there are constraints or limits to their fiduciary responsibility," said Amer Ahmad, the Chicago comptroller, who pushed that city's main pension board to divest on Wednesday.
Whatever your role in the health community, you can sign a letter launched by leading health experts in the Guardian yesterday, calling on the Wellcome Trust to divest on health grounds.
In December the company gained a foothold in the Northeast by paying a mere $860 million to acquire 1,740 outlets from Exxon and Mobil, which were forced to divest on antitrust grounds so they could merge.
This Monday I will be joining hundreds of others in asking the American University Board of Trustees to rise with us and vote YES to DIVEST on November 21st.
Similar(55)
Shareholders would remain empowered to invest or divest based on performance.
In December the company gained a foothold in the U.S. Northeast by paying a mere $860 million to acquire 1,740 outlets from Exxon and Mobil, which were forced to divest them on antitrust grounds.
From our faith groups and our local authorities to our massive institutions like the Wellcome Trust and the Gates Foundation – which a Guardian campaign is calling on to divest – we all have a responsibility to break away from fossil fuels.
But if the history between LibraryThing and Shelfari is any indication, we're more likely to see Amazon either place its bets on one and divest its shares in the other, or simply maintain a minority investment in both.
And firms will get at least seven years to divest assets.The deal on banks' swaps desks was grubbier still: a nonsensical compromise to allow Senator Blanche Lincoln, author of a proposal to force banks to spin these off, to save face.
Nearly 1,000 health professionals – including the editors of the British Medical Journal and the Lancet – signed a letter urging health organisations to "do no harm" and divest their assets on grounds of medical ethics.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com