Posted on 01/25/2017 10:08:28 AM PST by Twotone
In a little-noticed action on Inauguration Day, the Oregon State University board of trustees voted overwhelmingly to sell most of OSU’s $8.8 million in fossil fuel stocks.
The action capped a four-year campaign by faculty and students under the banner of OSU Divest to rid the campus of its stake in carbon-emissions-heavy energy such as oil, gas and coal.
“I was thrilled. It’s been four years,” said OSU education professor Ken Winograd, who added that it was a coincidence that the divestment vote came on the day that President Trump, a climate skeptic, took office.
(Excerpt) Read more at registerguard.com ...
That may be a smart move. It’s possible that Trump’s policies could cause a real oil glut, significantly dropping the price of oil for a very long time.
Or not...
What difference does it make if the fossil fuel stocks are held under an Obama administration or a Trump administration? The logic used by these lefties is mind-boggling.
That will show’em !!
Make those retirees suffer!
One might ask why a university has a stock portfolio ...
Morons. Kinda like when CALPERS decide to divest their gun stocks. Right before they went on their unbelievable run. Now the CA taxpayers is about to be bent over to cover those losses. You can make horrible investment decisions when you have the tax payers covering your ass.
I’m thinking alumni can dump their donations.
Leftists minds are in a constant state of chaos.Every little thing is a crisis to them.
Wouldn’t it be more persuasive if they decided that the Entire University vowed to use 100% renewable Green Energy Campus Wide, including Transportation for Staff and Students.
I am, and I did.
Good move. Sure. They should invest only in clean energy investments.
Like these guys for instance.
•Evergreen Solar ($25 million)*
•SpectraWatt ($500,000)*
•Solyndra ($535 million)*
•Beacon Power ($43 million)*
•Nevada Geothermal ($98.5 million)
•SunPower ($1.2 billion)
•First Solar ($1.46 billion)
•Babcock and Brown ($178 million)
And other investors shall buy the stocks that Oregon State sells.
See what letting stupid screamers dictate your policies gets you. Just expel them, and recruit true scholars.
My OSU alum daughter did too.
Dozens of universities have endowments of $1 billion or more. U of Texas owns so much gold they’re going to build a facility in the state to store it.
Buy high, sell low
great plan
Because it is part of their endowment. You really don’t think that the schools across the country keep their endowment in a savings account or do you?
Can’t wait for the protests over tuition hikes...
So people donate to the university with stock, gold, etc? ... or is the university buying it with all our tuition money?
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