As I read in the Crimson “Divest Harvard Plans Weeklong Blockade of Massachusetts Hall,” I had to ask myself: why I am not participating? Why not me?
This is an important and interesting addition to the responsible investing – divestment discussion. The Smith School issued a report on stranded assets, that is investments that “have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities.”
I’ve gone on record saying that I don’t think divestment is the way to address our reliance on fossil fuels. Someone will buy up those divested stocks and they may not be as conscientious as the people who sold them. I just don’t see how this brings about change.