Big oil is not ready

Big oil is not ready

Reinvest Vanderbilt board member Skyler Hutto writes that oil companies’ investments in alternative energies have been insufficient, and until they get serious about becoming true energy companies, responsible investors should not hold their stocks. “In social and political movements of past decades, universities have taken the lead in asking for a change as investors. Each institution controls millions if not billions in capital, and more importantly, these institutions have loud voices. In the ‘80s, colleges divested from South African companies to oppose Apartheid. In the ‘90s, they divested from tobacco companies because of the irresponsible practices of those businesses. Now it is time for universities, including Vanderbilt, to divest from fossil fuel companies that refuse to seriously add green energy to their portfolio.”

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