The Financial Case for Divestment of Fossil Fuel Companies by Endowment Fiduciaries

Longstreth argues “As long term investors, fiduciaries of endowments need not worry unduly about short-term results.” Endowments need to recognize that their future survival strategy depends upon them removing fossil fuels from their long-term holdings because, in the end, these companies will prove to be bad investments.

By: The Huffington Post, Bevis Longstreth, former SEC Commissioner
Date: November 02, 2013