Stephen Heintz Calls for Sound Institutional Investing
Citizens concerned about public health, land degradation, and clean air standards have driven coal from the market, said RBF President Stephen Heintz in an editorial for CNN.com on April 21, 2016. Heintz made the case for divestment in the wake of news that coal giant Peabody Energy has declared bankruptcy. Oil and gas will face similar existential crises as renewable energy becomes the cheaper and cleaner alternative, he said.
Heintz recently spoke about the dangers of continued coal extraction and the Fund’s experiences aligning its portfolio with its mission to build a more just, sustainable, and peaceful world at the first Australian Divest-Invest conference.
Related Links
CNN.com: “We're getting out of fossil fuels investments” (April 22, 2016)
Divest Invest: Keynote Address (April 5, 2016)
Stephen Heintz interviewed by Sue Mathews from the Australian Environmental Grantmakers Network (video)
ABC.net.au: The greening of the Rockefellers (April 6, 2016)
The Australian Financial Review: Tesla Motor's Elon Musk praised as energy innovator in spirit of Rockefeller (April 4, 2016)
The Sydney Morning Herald: Giant Queensland coal mine will carry hidden cost, US investor predicts (April 4, 2016)