Don’t hate the player, change the game

Don’t hate the player, change the game

Reinvest Vanderbilt Co-Chair Mike Diamond writes that bad incentives, not bad people, are to blame for the climate crisis, and the best way for universities to help fix these incentives is through divestment. “By selling off any equities the endowment directly holds in coal and oil and by committing to not purchase any new ones, Vanderbilt could send a clear message that fossil fuel stocks are not sustainable investments. It’s not because these companies set out to be evil; they’re just responding rationally to the incentives they face. It is up to us to change these incentives. It is up to us to ensure that sustainability is the default policy. It is up to us to divest.”

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