The fossil-fuel sustainability and divestment movements began with colleges and universities. Over the past two years, the movements have gained momentum from faith-based activists intent on stranding oil, coal and natural gas in the ground. At the same time, they’re pressing their religious communities to endorse impossible fossil fuel reduction goals.
Progressives in the sustainability and divestment movements must assume that if Big Oil is brought to heel, then Big Renewable will immediately fill the void. Never mind that there exists nothing today to replace the growing need for oil, coal and natural gas. Will we one day have an efficient and affordable replacement? Not if we bankrupt advanced, technologically rich economies with sustainability policies.
Additionally, mounting evidence suggests that sustainability efforts in the academic industry, which includes fossil-fuel divestment, have inflicted economic harm on colleges and universities (and taxpayers) without providing a scintilla of benefit for the environment.