Submitted by Ryan Yun on November 22, 2022 - 2:59pm
Our professor Aseem Prakash has been interviewed by the student-led activist group Institutional Climate Action (ICA).
“[The Sept. 8 vote directs the Board to] instruct their financial advisors not to invest their money in fossil fuel companies, and even divest from existing investments,”
“The impact on [fossil fuel] stock markets will be minimal. Until all institutional investors divest, nothing will happen… This is more of a signaling exercise. Substantively, it does nothing,” Prakash said.
Link to the full article: