Harvard ‘Pausing’ Investments in Some Fossil Fuels | News | The Harvard Crimson

Harvard Management Company’s head of natural resources Colin Butterfield said that Harvard is “pausing” investments in some fossil fuels at a Business School event Monday [April 24, 2017].

During the discussion on the effects of climate change on investments, Butterfield said that Harvard’s natural resources portfolio will not likely invest in the fossil fuel industry in the future because those funds do not perform that well financially.“What I can tell you is, from my area, I could honestly say that I doubt—I can’t say never, because never say never—but I doubt that we would ever make a direct investment with fossil fuels,” he said. “But that’s more of an Investment Committee decision, and I cannot talk on their behalf.”Butterfield added that Harvard does indirectly invest in fossil fuels through outside funds. Members of the Harvard Corporation indicated in October that the University was moving away from investments in coal because they were not profitable.

Source: Harvard ‘Pausing’ Investments in Some Fossil Fuels | News | The Harvard Crimson

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s