Why Endowments Should Resist Fossil Fuel Divestments
The logic of pro-divestment advocates appears simple. But beyond those easy sentiments lurks a tangle of real-world complexities.
Rafael Castilla and Erik Lundberg
December 17, 2025
Plumes of water vapor emit from the Tennessee Valley Authority Paradise Fossil Plant in Paradise, Kentucky, U.S., on Tuesday, Aug. 13, 2013. The plant generates and delivers 14 billion kilowatt-hours of coal-fired electricity per year to Western Kentucky and Nashville, Tennessee. Photographer: Luke Sharrett/Bloomberg
Luke Sharett/Bloomberg
