Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Prominent Climate Experts, Alumni Urge MIT To Divest From Fossil Fuels
http://thinkprogress.org/climate/2015/09/16/3702173/climate-experts-urge-mit-divest/
Prominent Climate Experts, Alumni Urge MIT To Divest From Fossil Fuels
by Joe Romm Sep 16, 2015 3:25pm
Nearly three dozen well-known climate scientists, advocates, and alumni have called on the Massachusetts Institute of Technology to heed its own experts’ advice and divest from carbon-intensive fossil fuel companies. I’m an alum, and I joined James Hansen, Michael Mann, and many others in signing this open letter to MIT President L. Rafael Reif.
<snip>
Dozens of leading MIT faculty urged full divestment in their own open letter from June. As the faculty signers noted, “By continuing to invest in these [fossil fuel] companies, we knowingly endorse efforts to undermine MIT’s commitment to scientific analysis and practical action for the betterment of humankind.”
Of course, the price of coal company stocks has already collapsed. The two key questions are 1) when will the smart money realize the price of oil company stocks are inflated by petroleum reserves that will never be tapped and 2) is MIT’s endowment part of the smart money or not?
Prominent Climate Experts, Alumni Urge MIT To Divest From Fossil Fuels
by Joe Romm Sep 16, 2015 3:25pm
Nearly three dozen well-known climate scientists, advocates, and alumni have called on the Massachusetts Institute of Technology to heed its own experts’ advice and divest from carbon-intensive fossil fuel companies. I’m an alum, and I joined James Hansen, Michael Mann, and many others in signing this open letter to MIT President L. Rafael Reif.
<snip>
Dozens of leading MIT faculty urged full divestment in their own open letter from June. As the faculty signers noted, “By continuing to invest in these [fossil fuel] companies, we knowingly endorse efforts to undermine MIT’s commitment to scientific analysis and practical action for the betterment of humankind.”
Of course, the price of coal company stocks has already collapsed. The two key questions are 1) when will the smart money realize the price of oil company stocks are inflated by petroleum reserves that will never be tapped and 2) is MIT’s endowment part of the smart money or not?