Harvard has $42 billion in investments, but still not divesting from fossil fuels

With an endowment, to rival a host of small countries, the clout that Harvard should have in terms of divesting from fossil fuels could be vast.

Unfortunately they are dragging their feet. Apart from the bad look that this give, it is also a highly dangerous way of working – there is an increasing concern that many fossil fuel companies will be left holding vast rights to drill will be worthless as they wont be able to sell the oil.

If all cars and lorries go electric (and it is looking increasingly like it will, and faster than expected) this will cut out the bottom of the oil market. Also with kites and sails, ships are increasingly going electric and renewable, and even planes are getting in on the act oil might become less and less useful.

It has already been shown, that it is cheaper to set up a solar or wind farm than it is to continue to burn coal or oil until the end of the powerplants life – as the numbers move even further, it is going to become impossible to ignore.

Leave a Reply

Your email address will not be published. Required fields are marked *

See Animals Wild