Maybe that’s what the VSU Foundation wants to tell SAVE
when they dine Monday:
VSU gets it (even if Harvard doesn’t) that fossil fuels are a bad investment and solar is where the profits, students, and investors are.
Diane Cardwell
wrote for DealBook 30 January 2014,
Foundations Band Together to Get Rid of Fossil-Fuel Investments,
Seventeen foundations controlling nearly $1.8 billion in investments
have united to commit to pulling their money out of companies that
do business in fossil fuels, the group announced on Thursday.
The move is a victory for a developing divestiture campaign that has
found success largely among small colleges and environmentally
conscious cities, but has not yet won over the wealthiest
institutions like Harvard, Brown and Swarthmore.
But the participation of the foundations, including the Russell
Family Foundation, the Educational Foundation of America and the
John Merck Fund, is the largest commitment to the effort, and stems
in part from a push among philanthropies to bring their investing in
line with their missions.
“At a minimum, our grants should not be undercut by our
investments,” Continue reading →