On Tuesday, October 1, SRI invited Nick Laird ’88 to speak on The Financial Argument for Divestment from Fossil Fuels in Norway. Laird, a managing partner at Ambolt Private Equity who has studied the economic advantages of fossil fuel divestment, left the group and other attendees with a one salient point: Oil is a bad investment. The reasoning for this is not hard to follow. Peak demand is coming right around the corner. While most of Europe is incentivizing research and production of renewables, fossil fuel giants fail to alter their business models and practices. This refusal to adapt makes for an unstable investment.
SRI thanks Nick Laird for his visit and willingness to share his expertise.