that it wasn’t directly exposed to companies that “explore for or develop further reserves of fossil fuels.” HMC said its overall exposure to fossil fuels was less than 2% at the end of fiscal 2020, down from about 11% at the end of fiscal 2008.
Harvard has one of the biggest university endowments, with a market value of more than $40 billion at the end of June 2020.as student activists and alumni have pushed for a shift, citing alarm over and the effects of climate change. A recent report from a scientific panel working under the auspices of the United Nations said effects of a warming climate, spurred by human activity’s greenhouse gas emissions,Mr. Bacow in his letter Thursday cited the U.N.
I am curious to see what they will constitute as green economy.
I would like to see how they determine their investments, but if it's their money I guess they can do what they will with it.
Thats a Pitty, If a university with sucha high reputation leads backwards, then what others are going to do. This is leads by example backwards. 😳
No grease for their gears!
Instead, they will invest in 'green energy', i.e., solar panels coming from China made using massive amounts of energy using coal
My view in the link
Does this also mean that they wouldn't invest in rare earth mining as well because it is also large scale ground water polluting industry!!
From a strategic standpoint, the endowment should be invested in what makes the yield the greatest return. Virtue signal investing seems like a poor choice when trying to maximizing yield.
University is for education not for ideological and financial purposes
ArgentinaElecciones2021 quedara afuera del mundo. SOSArgentina
Let’s hope they become multidirectional in all aspects.
Only a small part of the infrared rays emitted from the surface of the earth are absorbed by CO2 and emitted, resulting in a greenhouse effect. Exhaust heat from energy consumption is more dominant in global warming.
this is terrible news