Some of America’s most prominent environmentalist groups are secretly investing in oil and natural gas, even as they publicly push groups to divest from fossil fuels. That’s the takeaway from an explosive new report from NBC.
These organizations aren’t merely hypocritical — they’re actively harming the environment. By urging others to deprive energy firms of capital, environmentalists are ironically delaying the transition away from less environmentally friendly coal-fired power plants towards cleaner, natural-gas powered ones.
Green groups have long trumpeted their supposed divestment from fossil fuels.
In a public statement released in December 2015, the World Wildlife Fund praised investors who join “the global chorus saying enough is enough when it comes to dirty energy.”
The American Museum of Natural History in New York City, which boasts a $617 million endowment, has “formally requested that all of its investment managers take environmental and climate change issues into account when reviewing their current investments.”
The museum has