“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.
Read the rest of Harvard snubs divestment activists by investing more ‘blood money’ in fossil fuels
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Post tags: Anadarko Petroleum, blood money, Climate Change, climate justice, deepwater horizon, endowment, fossil fuels, global warming, harvard university, oil spill, sustainable investing
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