Fact of the Week: August 2020

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Fossil Fuel Divestment And Its Potential Impacts On Stakeholders
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Fossil Fuel Divestment And Its Potential Impacts On Stakeholders

“First, most major university endowments invest heavily in funds of various sorts – stock and bond mutual funds, exchange-traded funds, private equity funds, hedge funds, and so on, rather than in individual stocks and bonds. This means that, even if only a small portion of a fund’s assets are invested in fossil fuel companies, the entire fund must be sold (and some new set of assets purchased to replace it) in order to divest”.
Prof. Hendrik Bessembinder of Arizona State’s Carey School of Business
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