A study funded by the petroleum industry claims that Harvard would lose $108 million per year in investment returns if it divested its $35.9 billion endowment from fossil fuels, according to The Crimson, the university's campus newspaper.
"Everyone they put on the stage who talked about education talked about opting out, divesting from it," she said.
In short, it would be a hell of a lot more comforting if the Treasury quietly noted that it had divested from its 2008 capital acquisitions, and then boldly admitted that it was a national shame that it ever got involved in the first place.
Last year, the foundation announced that it was divesting fossil fuels from its endowment.
But in an interview with VICE Bill McKibben, one of the movement's most famous advocates, explained the idea behind divesting from these companies: "It can't in the short run bankrupt them, but it already is politically bankrupting them".
By divesting from fossil fuels it would show leadership in keeping with its reputation and ideals".
By divesting from fossil fuels it would show leadership in keeping with its reputation and ideals," said Motion.
The message from Goodell to the Rooney family, which has owned and operated the Steelers since 1933, was that it had to divest from its gambling interests and clarify a muddied ownership structure that raised questions about succession, according to three people, including a lawyer and a financial consultant, familiar with the inner workings of the club's ownership.
The government has been accused of bullying the Australian National University, after Joe Hockey criticised it for divesting from a number of fossil fuel companies.
A month later, Stanford University announced it was divesting from the coal industry.
