The Left’s Jihad against American energy
One such tactic focuses on intimidating universities and other institutions into divesting their financial holdings of fossil fuel investments. Activists behind this campaign talk candidly about how they hope to “revoke the social license” of energy companies and turn them into “pariahs.” Thanks to robust energy production and a free-market economy, the divestment campaign has achieved mixed success. Just recently Stanford University announced it will retain its investments in fossil fuel stocks – much to dismay of billionaire environmental activist Tom Steyer who was left red-faced by his alma matter’s announcement. Stanford’s decision to ignore environmentalist rants is the latest rejection by a number of prestigious universities that have decided to keep their coal, oil and natural gas investment assets.