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Divestment From Fossil Fuels
Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to companies involved in extracting fossil fuels. Fossil fuel divestment campaigns emerged on campuses in the United States in 2011 with students urging their administrations to turn endowment investments in the fossil fuel industry into investments in clean energy and communities most impacted by climate change. In 2012, Unity College in Maine became the first institution of higher learning to divest its endowment from fossil fuels. By 2015, fossil fuel divestment was reportedly the fastest growing divestment movement in history. In October 2021, a total of 1,485 institutions representing $39.2 trillion in assets worldwide had begun or committed to a divestment from fossil fuels. Motivation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Divestment Growth En
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is an adaptive change and adjustment of a company's ownership and business portfolio made to confront with internal and external changes. Motives Firms may have several motives for divestitures: # a firm may divest (sell) businesses that are not part of its core operations so that it can focus on what it does best. For example, Eastman Kodak, Ford Motor Company, Future Group and many other firms have sold various businesses that were not closely related to their core businesses. # to obtain funds. Divestitures generate funds for the firm because it is selling one of its businesses in exchange for cash. For example, CSX Corporation made divestitures to focus on its core railroad business and also to obtain funds so that it could pay off some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Harvard Crimson
''The Harvard Crimson'' is the student newspaper of Harvard University and was founded in 1873. Run entirely by Harvard College undergraduates, it served for many years as the only daily newspaper in Cambridge, Massachusetts. Beginning in the fall of 2022, the paper transitioned to a weekly publishing model. About ''The Crimson'' Any student who volunteers and completes a series of requirements known as the "comp" is elected an editor of the newspaper. Thus, all staff members of ''The Crimson''—including writers, business staff, photographers, and graphic designers—are technically "editors". (If an editor makes news, he or she is referred to in the paper's news article as a "''Crimson'' editor", which, though important for transparency, also leads to characterizations such as "former President John F. Kennedy '40, who was also a ''Crimson'' editor, ended the Cuban Missile Crisis.") Editorial and financial decisions rest in a board of executives, collectively called a "guar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
