The Divestment Movement in Institutional Investor

Institutional Investor just released a big story on fossil fuel divestment. I went down to NYC to do an interview for the story, and it turned into a fantastic resource for divestment activists–with financial, political, and moral perspectives on the movement. Check it out!

Here’s the full story as well: http://www.institutionalinvestor.com/Article/3330970/Investors-Endowments-and-Foundations/Climate-Change-and-the-Fossil-Fuel-Divestiture-Movement.html#.U01yj9y0ZuY

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3 Comments

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  1. The central point, as it was mentioned, is that this is indeed an existential issue for life on earth, the ultimate tragedy of the commons. Since the ’07 or ’08 crash, I have a visceral mistrust and aversion professional investors, I would venture to say that an ethical investor is an oxymoron in all but a few cases, which is why the only way to incentivize divestment is to make it a bad bet in pure monetary terms. I don’t know if ‘shame’ matters to them, or ethical concerns, clearly it doesn’t to Gordon Gekko, I mean Drew Faust, so it must be a holistic effort, for example, the government doesn’t do nearly enough to punish fossil fuel accidents, or ensure safety in the first place, the SEC was reportedly watching porn on the job when the sub-prime disaster was pretty obviously going down to anyone paying attention, so as much as I liked the interview Chloe, most of these cats are really like ‘the fox guarding the chickens’ although they can talk a good game. Please forgive my cynicism, maybe that’s why I like your blog, because you still have the youthful idealism that I miss so much.

  2. I was wondering what the consensus is amongst y’all about the Keystone delay, or if there is no agreement about how good or bad the news is. My initial ambivalence has yielded to cynicism. I mean, I get that it’s better than immediate approval, but isn’t it clear that it’s a cynical move to not piss off democrats before the fall elections and risk losing the Senate or whatever? Seems pretty obvious that’s what they are doing, and I don’t know about y’all but I don’t like being played like that, particularly by an Administration that I voted for, and also Kerry, but now must question his judgment also, after Edward’s terrible character flaws are known. I totally would have voted Green if I had known then what I know now. I read today that a positive thought is 100 times more powerful than a negative one, how can I feel positive about the future? Say something, I’m giving up on you. haha, no I’m not really, but seriously I could use some good vibes about now.

  3. Wow that was strange. I just wrote an really long comment but after
    I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again.
    Anyhow, just wanted to say excellent blog!

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