“[Columbia, Harvard, MIT, NYU, and Yale] alone stand to forfeit more than $195 million in investment returns each year [if they divest from fossil fuels], without changing portfolio risk.”
NewsSeptember 14, 2020
The Divestment Penalty: Estimating the Costs of Fossil Fuel Divestment to Select University Endowments
“[Columbia, Harvard, MIT, NYU, and Yale] alone stand to forfeit more than $195 million in investment returns each year [if they divest from fossil fuels], without changing portfolio risk.”
