Stanford has turned its back on coal and Harvard could follow suit, but how effective will fossil fuel divestment prove?
The oil cleanse: it’s all the rage on campus and it may be coming to a portfolio near you.
It’s the disinvestment movement to pressure university endowments and other non-profit groups to purge their holdings of fossil fuel assets. Momentum is building so fast it looks like a whole new front to constrain the world’s oil, gas and coal companies. But how effective will it prove?