About Mindy Bell

Carleton College graduate of 1980, volunteering with Divest Carleton to increase alumni representation in this critical movement.

The Doom Of Fossil Fuel Investments

by Nathanael Nerode, Carleton Class of 1998 – Originally published in Clean Technica, November 18, 2018

Summary

  • There is a very short window of time to get out of pure-play oil & gas company investments without substantial losses. It is imperative to sell them now.
  • It is already too late to get out of pure-play coal company investments without substantial losses. But they will lose even more money going forward.
  • Utility companies which have a heavy reliance on fossil fuels are also in trouble.
  • Diversified companies will lose money on their coal, oil, and gas portfolios, although this may not be significant enough to warrant getting out of a diversified company.
  • It will remain possible to do short-term swing trading in coal, oil, and gas companies with no future, but this is inappropriately risky behavior for a conservative investor.

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Divest Carleton Panel at Reunion 2019

Divest Carleton hosted a panel discussion in the Goodhue Superlounge that attracted 88 participants and generated great discussions.

Panel discussion in the Goodhue Superlounge during Reunion 2019

The panel was moderated by Joel Weisberg, professor of physics and astronomy. Panelists included Daniel Groll, professor of philosophy and the faculty co-chair of the Carleton Responsible Investment Committee (CRIC); Aaron Swoboda, ’01, professor of environmental studies and economics; David Loy, ’69, author of Echodharma: Buddhist Teachings for the Ecological Crisis; Maddie Halloran, ’14, natural resources graduate student; and David Roizin, ’20, Divest Carleton student leader and economics major.

Divest Carleton is working to host another panel at the Reunion in June 2020. Contact Divest Carleton at divestcarleton@gmail.com if you would like to assist in our efforts!

Why Seven Liberal Arts Colleges Divested from Fossil Fuels

The worldwide movement to divest from fossil fuel companies is rapidly escalating. According to the Fossil Free campaign, 1055 institutions have committed to divesting $8.73 trillion, including seven U.S. News-ranked liberal arts colleges: College of the Atlantic, Warren Wilson, Northland, Pitzer, Lewis and Clark, Whitman, and most recently Middlebury, which shares Carleton’s ranking.

Considering this momentum, we compare the Carleton Board of Trustees’s stated reasons for refusing divestment with the reasoning of the seven liberal arts colleges.

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Every Carl for Divestment Campaign

In reply to the recent “Every Carl for Carleton” campaign, set to raise the college’s endowment to over $1 billion, alumni are enhancing pressure for the administration and board of trustees to divest from fossil fuels. The response campaign, “Every Carl for Divest,” intends to highlight Carleton’s moral ideals that the capital campaign advertises, the greater financial possibility of divestment with a larger endowment, and alumni involvement within the divest movement.

 

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Carleton Must Divest from Fossil Fuels

by Rebecca Hahn and Brett Smith

The support for Carleton to divest from fossil fuels has been high for years, and is only continuing to grow. This past reunion, the alumni Divest Carleton group collected over 300 additional signatures on its petition, for a total of over 1300. The student petition, as of 2017, listed over 1000 signatures. The recently formed Carls Talk Back movement also included divestment from fossil fuels in its list of demands.

Divest Carleton’s request is for the College to divest from all its fossil fuel holdings, including those commingled in the endowment. But the Board of Trustees hasn’t even taken the easy step of dropping its fossil fuel direct holdings. This is despite the near-unanimous recommendation by the Carleton Responsible Investment Committee in 2015 that it do so (a recommendation that the Board itself requested).

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