Universities discover that you reap what you sow

Universities have long been the incubators of climate change hysteria.  They teach anthropogenic climate change there with the same certainty that they teach accounting principles.  There is no room for debate.  Students graduate as true believers.

But what happens when the students discover that their teachers are hypocrites?  They go after them:

A group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no.

As they consider how to ratchet up their campaign, the students suddenly find themselves at the vanguard of a national movement.

In recent weeks, college students on dozens of campuses have demanded that university endowment funds rid themselves of coal, oil and gas stocks. The students see it as a tactic that could force climate change, barely discussed in the presidential campaign, back onto the national political agenda.

“We’ve reached this point of intense urgency that we need to act on climate change now, but the situation is bleaker than it’s ever been from a political perspective,” said William Lawrence, a Swarthmore senior from East Lansing, Mich.

Because I do not believe in anthropogenic climate change (as opposed to naturally occurring climate change, in which I strongly believe), I think we should be funding research into and production of any and all sources of energy.  Massive amounts of available energy improve people’s lives around the world.  I therefore hope that this de-funding effort doesn’t result in such massive financial losses that America is forced to abandon important energy sources.  Nevertheless, this movement appeals to me.  The universities thought that they could have both ways:  teach hysteria at the front end while making money at the back end.  It’s great to see them being called on their hypocrisy.

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Comments

  1. says

    Well, if they really want to be consistent, they should refuse to have fossil-fuel-derived heat or air conditioning in the dorms.

    Although I believe there is a nuclear power plant not too far away. Maybe they could arrange to get their energy from that instead… 

  2. Charles Martel says

    Classic Alinsky, I love it! Make the opposition live up to its own rhetoric. Watch the fools squirm and lie through their teeth as they try to have it both ways.

  3. Mike Devx says

    Charles is right.  This is a classic Alinsky situation, and these universities should be forced to live by their standards or publicly admit that they’re essentially full of nothing but B*LLSH*T.  Young conservative students should be leading the charge to force this.  True, it goes against general principles to support defunding our energy sector, but some other people or groups will buy those sold stocks, and THOSE people won’t be raging leftist liberal hypocrites who undermine us – and seek to destroy us – even as they make their money off of us.
     
    So, yes, force them to divest, and cheer.  They can invest their money elsewhere more in accordance with their (supposed) principles.  Else they are utter hypocrites and should be exposed as such.  Normally conservatives would not support a forced divestiture of anything in the energy sector.  This is a case where a higher principle and cause trumps an otherwise normal conservative action.

  4. Wolf Howling says

    Two years ago, when Obama was really leading the charge on punishing oil companies by removing their ability to take the same tax write offs available to all corporations – despite the fact that Obama called them “subsidies” for Big Oil – I recall reading how oil and gas stocks were the only thing keeping most public pension plans afloat.  As the rest of the economy tanks, oil and gas stocks will always do well in comparison because there is world wide demand.  

    I would be more than happy to see universities be forced to divest themselves of what is likely the single highest performing portion of their portfolio.  Go one further, have these misguided youths demand that the money from the sale of the oil and gas stocks be reinvested in green energy.  I hear there are great investments out their in solar panels and wind farms.   

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