In denying call for divestment, Harvard cites ‘troubling’ hypocrisy — Can’t invest but can rely on fossil fuel companies?

UpStreamOnline reports:

[Harvard President Drew Faust] also pointed to “a troubling inconsistency” in the idea of boycotting an entire industry “at the same time that, as individuals and as a community, we are extensively relying on those companies’ products and services for so much of what we do every day”.

“Given our pervasive dependence on these companies for the energy to heat and light our buildings, to fuel our transportation, and to run our computers and appliances, it is hard for me to reconcile that reliance with a refusal to countenance any relationship with these companies through our investments.”

4 thoughts on “In denying call for divestment, Harvard cites ‘troubling’ hypocrisy — Can’t invest but can rely on fossil fuel companies?”

  1. Money makes alot of people do things they might not otherwise do. They (350.org), would rather not talk about where that money came from, but would like to encourage us to focus on where it is now! LOL Drew Faust obviously has not been bought out by big wind. They would not tolerate disloyalty….A rational man, in an irrational world.

  2. So this is what it sounds like when Haavaad tells alumnus McKibben to stop being a pest and bugger off.

    Now it is time to ask Bill and his organization 350.org why they accept funding from the Rockefeller Foundation, whose millions of old family dollars directly resulted from BIG OIL.

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