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Harvard snubs divestment activists by investing more ‘blood money’ in fossil fuels

by LiveModern Webmaster last modified Jan 16, 2015 01:08 AM
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by Amy Hassinger last modified Jan 15, 2015


“Blood money,” they’re calling it, and it’s a lot of blood—a total of $79.5 million that Harvard ploughed into oil and gas companies during the third quarter of 2015. That’s up by about a factor of seven from a previous $11.8 million invested,




 

 

fossil fuels, blood money, Harvard University, climate change, climate justice, sustainable investing, Anadarko Petroleum, Deepwater Horizon, oil spill, endowment

“Blood money,” they’re calling it, and it’s a lot of blood—a total of $79.5 million that Harvard ploughed into oil and gas companies during the third quarter of 2015. That’s up by about a factor of seven from a previous $11.8 million invested, according to campus activists who analyzed Securities and Exchange Commission (SEC) filings. Those investments include dollars sent to companies involved in the Deepwater Horizon oil spill and natural gas fracking. It’s business as usual for the university—the wealthiest in the world—except for the fact that Harvard is due to appear in court next month to defend itself against a suit brought by seven student activists from the Harvard Climate Justice Coalition.

fossil fuels, blood money, Harvard University, climate change, climate justice, sustainable investing, Anadarko Petroleum, Deepwater Horizon, oil spill, endowment fossil fuels, blood money, Harvard University, climate change, climate justice, sustainable investing, Anadarko Petroleum, Deepwater Horizon, oil spill, endowment


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