Petroleum Industry Seeks To Counter Fossil Fuel Divestment

Exciting news. READ THIS FROM POLITICO!

“API TO HIT BACK AT UNIVERSITY OIL AND GAS DIVESTMENT: The American Petroleum Institute will release a new study from economic advisory firm Sonecon looking at the performance of oil and gas companies in higher education endowment portfolios. The study comes after a growing movement among students at many colleges to divest oil and gas holdings from their endowments (The New York Times wrote about it in December: http://nyti.ms/RAqc34). API put out a study last year concluding that oil and gas holdings brought big returns on investment to public pension funds.”

This means that fossil fuel divestment is working. We have the attention of the fossil fuel industry. They are taking note of our actions–enough so to fund their own study about the necessity of their stocks in higher education endowments.

Think of what this movement has done in the past six months. We have brought climate change to the forefront of local and national dialogues, and the fossil fuel industry has taken notice.

Onwards!

About these ads

2 thoughts on “Petroleum Industry Seeks To Counter Fossil Fuel Divestment

  1. Pingback: Why Divestment is Changing the Climate Movement « Blog of TheAcademicPortal.com

  2. Pingback: Fossil Free Divestment Rising - Fossil Free

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s