Greg Kats is president of Capital E, a clean energy investor and leader in the transition to a low carbon economy. He was the first recipient of the U.S. Green Building Council Lifetime Achievement Award.
The sharing economy and radical changes in the way we buy energy are breaking the stranglehold on private infrastructure and opening new possibilities for urban sustainability.
As students and faculty at dozens of college campuses call for endowments to divest from fossil fuel companies, this investment manager offers a financial analysis of the divestment decision.
Two years ago, the inclusion of fossil fuel companies in an endowment portfolio was considered a reasonable and prudent position. Today, divestment from fossil fuels — especially coal — is the more fiscally and morally responsible choice.
Swathmore College was among the first colleges to call for divestment. But as a long time investor, including as a former Managing Director of a fund investing $500 million a year, I offer a perspective from beyond the academic community.
