President Poskanzer refuses alumni request to add Carleton’s name to Climate Emergency Letter

On July 18, 2019, forty-seven Carleton alumni emailed a simple request to President Poskanzer.

Dear President Poskanzer,

We write to urge you to add Carleton’s name to a Climate Emergency Letter to be shared with key government officials and the media prior to this September’s UN Secretary General’s Climate Summit. This letter has been organized by the EAUC (the Alliance for Sustainability Leadership in Education), the UN Environment’s Youth and Education Alliance, and Second Nature. Carleton is a member of Second Nature’s Climate Leadership Network.

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The Doom Of Fossil Fuel Investments

by Nathanael Nerode, Carleton Class of 1998 – Originally published in Clean Technica, November 18, 2018

Summary

• There is a very short window of time to get out of pure-play oil & gas company investments without substantial losses. It is imperative to sell them now.
• It is already too late to get out of pure-play coal company investments without substantial losses. But they will lose even more money going forward.
• Utility companies which have a heavy reliance on fossil fuels are also in trouble.
• Diversified companies will lose money on their coal, oil, and gas portfolios, although this may not be significant enough to warrant getting out of a diversified company.
• It will remain possible to do short-term swing trading in coal, oil, and gas companies with no future, but this is inappropriately risky behavior for a conservative investor.