By Todd H. Otis
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Extra resources for A review of nuclear energy in the United States: hidden power
The evidence, frankly, does not favor that to date” (quoted in Grady-Benson 2014, p. 100). Although a few colleges have stated that the ﬁnancial and self-interest motive—in the form of the stranded asset risk argument—has contributed to their decision to divest, it is not a motive to which the divestment action consistently appeals. The ﬁnancial and self-interest motive can also be conceptualized as the inverse of a barrier that is overcome. Many colleges divest because they believe it will cause little harm to the endowment.
In a few cases, colleges could interpret their prevailing mandates in favor of divestment. Stanford University divested from coal partly because its 1971 Statement on Investment Responsibility allows trustees to factor in whether or not “corporate policies or practices create substantial social injury” when deciding where to invest. Likewise, (Hampshire College 2012) interpreted divestment to align with existing Environmental, Social and Governance investment guidelines to seek out businesses that prioritize social beneﬁt and long-term sustainability.
Edu/recommendations-of-the-tufts-divestment-working-group). Some colleges that currently prefer other actions, however, do not preclude the possibility of divesting in the future. “At this point, we’re not prepared to commit to divest from fossil fuels, but I would never say never,” says President Mills of Bowdoin College. At Pomona College, John Jurewitz, an energy economics professor, has proposed an alternative plan that ﬁrst targets energy efﬁciency measures and then pushes for a federal carbon tax.
A review of nuclear energy in the United States: hidden power by Todd H. Otis