An interesting phenomenon is happening in the world of philanthropy. 17 large and reputable Foundations, including the Ben & Jerry’s Foundation, The Educational Foundation of America, The John Merck Fund, The Russell Family Foundation, The Sierra Club Foundation, and the Wallace Global Fund, with assets totaling nearly $2 billion, have
Tag:
divestment
Patent law has a dirty history. A legal mechanism refined in the industrial revolution, patent law has sought to encourage manufacturing and industry – the ‘Progress of Science and the Useful Arts’. Patent law has provided incentives for research and development for a wide range of polluting technologies, such as oil, coal, gas.
As described here, legendary environmentalist Bill McKibben’s suggestion that folks sell their holdings in fossil fuel companies has been accepted by a gathering wave of universities, churches and synagogues, city governments and pension funds. According to the article, “In the last few months, fossil fuel divestment has turned into one of the fastest-growing protest
Investors are increasingly asking that question. (You know. The one that should be never raised at cocktail parties.)
“Should I invest in companies that I know are wrecking the planet?”
In simpler times, “serious investors” didn’t worry about the social aspects of investing in tobacco or alcohol or defense contractors. Our pragmatism stated that legal