"Together, these bylaws prohibit any future fossil fuel investments from entering the endowment....As the terms of these partnerships approach their legally-contracted conclusions… the [investment] managers will move through the sale processes of those assets... In the past few years... the College has found that the investment in sustainable energy companies provides great returns and also allows the College to support new technology developments and make a huge difference.... Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy,... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies...Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Phil Hanlon, quoted in “College formally announces plan to divest from fossil fuels, by Taylor Haber, The Dartmouth, October 8, 2021
https://en.wikiquote.org/wiki/Fossil_fuel_divestment
Revision History
No revisions have been submitted for this quote.
Categories
Fossil fuel divestment
22 quotes on TrueQuotesView all quotes by Fossil fuel divestment →
Related Quotes
"We see this as both a moral imperative and an economic opportunity."
"I think this is part of a process of delegitimising this sector and saying these are odious profits, this is not a le…"
"This Agreement [...] aims to strengthen the global response to the threat of climate change, [...] including by [...]…"
"It is clear the transition to a clean energy future is inevitable, beneficial and well underway, and that investors h…"
"Reasonably, all these investments are financial dead-ends or ecological disasters."
"We need to rapidly shift away from our dependence on fossil fuels. [...] Nothing less than our future and the fate of…"
"The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely mon…"
"The UK government’s overseas development bank has bowed to calls to end fossil fuel financing abroad by promising to …"
"The decision to curb support follows an exodus of major institutional investors from the coal industry in recent year…"
"The logic of divestment couldn't be simpler: if it's wrong to wreck the climate, it's wrong to profit from that wreck…"