Roughly Speaking podcast: A spy plane over Baltimore, and a hack at NSA (episode 141)
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University System of Maryland

UM foundation's divestment does more harm than good

The Baltimore Sun reported last week on the decision by the University System of Maryland Foundation — which oversees the $1 billion endowment that funds student scholarships — to stop investing directly in fossil fuel companies ("University System of Maryland to direct its endowment away from fossil fuels," June 28). Readers should understand, however, that the decision to "divest" is simply an empty gesture. The foundation "has no direct investments in coal, tar sands, or any companies on the Carbon Undergound 200 list," according to the...

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