I just had the pleasure of meeting one of my heroes, Bill McKibben, here at the Bioneers conference.
The University of California system has just divested its endowment and pension plans of fossil fuels. That’s $3 billion. Shell Oil warns its shareholders in its annual report that divestment represents a significant risk.
I know there are people who don’t think divestment is having an effect. To believe that, however, you’d have to have a theory that explains why an oil company is plainly saying otherwise.
