An article in The New York Times this week highlights the latest tactic global warming extremists are using to attack Big Oil. The article raises many similar issues also highlighted in a College Fix article published last month.
The New York Times notes that recently “college students on dozens of campuses have demanded that university endowment funds rid themselves of coal, oil, and gas stocks. The students see it as a tactic that could force climate change, barely discussed in the presidential campaign, back onto the national political agenda.”
The problem with this trend, as contributor Danielle Charette pointed out in her Nov. 13 article on The College Fix, and also spelled out by those quoted in The New York Times, is that colleges need their portfolios to make money, and divesting in successful businesses isn’t exactly the wisest move to that end.
As the old saying goes, don’t bite the hand that feeds you.
Click here to read The College Fix article on the subject.
Click here to read The New York Times article on the subject.
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