A Quote by Bill McKibben
If [a student's] college’s endowment portfolio has fossil-fuel stock, then their educations are being subsidized by investments that guarantee they won’t have much of a planet on which to make use of their degree.
Related Quotes
We promote new fossil fuel infrastructure, from airport expansion and coal mines in the U.K. to oil pipelines in the U.S. Investments are meant to build and secure our shared future - but all these fossil fuel investments are directly fuelling the climate crisis that threatens to undermine that future.
Everybody needs to understand that policies are going to change to make it unprofitable if you wreck the planet, those companies that continue exploring and developing fossil fuel resources for which there is no safe use are going to pay a very heavy cost for that.
Now that Europe has developed through deforestation and fossil fuel use it is telling Brazil not to develop through deforestation and fossil fuel use. Bolsonaro is the backlash against such hypocrisy.
We can't change the fossil fuel companies' behavior in isolation from the rest of the industrial system. As long as they have customers, they're going to continue to operate, whether or not we divest of their stock. However, divesting might be helpful in terms of disrupting the story that what these companies do is perfectly okay. This situation differs from apartheid in a key regard though: racial equality in South Africa was no threat whatsoever to capitalism as we know it. Ending the fossil fuel era is a much deeper change.
Financial decision-makers at every level are recognising that fossil fuel investments risk their returns being undermined by stranded assets.
I did very much like [Barack] Obama's attack on fossil fuel subsidies for fossil fuel companies. We asked for that in demonstrations and petitions, and now we'll try to push it forward.
I'd done some acting in high school. Then I went to Kenyon College and got thrown in jail and kicked off the football team. Since I was determined not to study very much, I majored in theater the last two years. Got my degree in speech; they didn't actually have a degree in theater. I graduated at two o'clock in the afternoon, and at three-thirty I was on the train for Williams Bay, Wisconsin, for summer stock, and then I did winter stock.
When you think about the current present value of the fossil fuel reserves that are on the books, the current fossil fuel companies, the last time that that much wealth was at stake was when the South fought the Civil War.
Tired of burning fossil fuel and polluting the planet? The moon is covered with helium 3, an isotope from the sun that is the perfect fuel for clean fusion reactors.
Most climate debates have focused on cutting the use of fossil fuels. But besides a few high-profile scuffles over fuel extraction in vulnerable wild places like the offshore Arctic, political leaders have ignored fossil fuel production as a necessary piece of climate strategy.
Either we leave our descendants an endowment of zero poverty, zero fossil-fuel use, and zero biodiversity loss, or we leave them facing a tax bill from Earth that could wipe them out.
There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether the manager is handling one thousand dollars or one billion dollars) is not being operated logically. The addition of the one hundredth stock simply can't reduce the potential variance in portfolio performance sufficiently to compensate for the negative effect its inclusion has on the overall portfolio expectation.
If your child gets asthma, the fossil fuel industry doesn't pay. Or if there's a natural disaster, the bill is paid by the taxpayer, not the fossil fuel company.
We have already used more than half of that budget. This means that three quarters of the fossil fuel reserves need to stay in the ground, and the fossil fuels we do use must be utilized sparingly and responsibly.
The fossil fuel industry is destroying our planet and everything that we love.
We're clearly coming to the end of the fossil fuel era. We have the technology to shift to renewable energy, we have the will of the people. The only thing that's keeping us back is the fossil fuel industry's hold on our political system. That's what we need to change.
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