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The Case for Fossil-Fuel Divestment, by Bill McKibben (HC ’82)

On the road with the new generation of college activists fighting for the environment

From Rolling Stone

It’s obvious how this should end. You’ve got the richest industry on earth, fossil fuel, up against some college kids, some professors, a few environmentalists, a few brave scientists.

And it’s worse than that. The college students want their universities to divest from fossil fuel – to sell off their stock in Exxon and Shell and the rest in an effort to combat global warming. But those universities, and their boards, have deep ties to the one percent: combined, their endowments are worth $400 billion, and at Harvard, say, the five folks who run the portfolio make as much money as the entire faculty combined.

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