Tag Archives: stocks

Divesting from oil and gas –Prof. Matthew Richard

Dr. Richard posted this letter to the editor of the The Spectator, VSU’s student newspaper, on SAVE’s facebook page today. I added the links and the images. -jsq

To the Editor:

I would like to address the VSU community with this letter.

VSU Students, faculty, and staff, did you know that many of the clothes that we admire and purchase in the USA are made in places like Bangladesh? Indeed, some of our most popular brands of clothing, including GAP, Old Navy, and Banana Republic originate there. Perhaps you know that many Bangladeshi clothing manufacturers employ children as young as 12 years old who earn as little as $32 per month despite working up to 14 hours a day? It’s little wonder that so many of us can look so stylish—and for relatively little money.

If you didn’t already know this, does it matter to you now? Are you concerned that the money you spend supports sweatshops in Bangladesh and elsewhere, perpetuating the misery of millions of our fellow human beings? Undoubtedly many of us are concerned, and we understand that we can make a difference in the world by being more judicious about where we shop. It’s why we choose to buy groceries at worker-friendly Publix rather than Continue reading

Solar vs. fossil fuel stocks

Should Harvard President Drew Faust worry that “Significantly constraining investment options risks significantly constraining investment returns”? Actually, if Harvard has been wasting investments in oil and gas for the past year, its endowment has lost a bundle. Ditto VSU.

Let’s compare stock performance of Guggenheim Solar ETF (NYSE:TAN) which invests in solar stocks with the PowerShares DB Energy Fund (NYSEARCA:DBE), which invests in oil and natural gas companies. Yep, that’s 120% for TAN and 0% for DBE:

TAN solar v DBE oil and gas 1 year

Sure, if you go back farther, solar stocks continued to drop after 2009 until this year: Continue reading