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 Delightful: University of Michigan’s Investments Are Financing a Billionaire Who Bankrolls the Far Right

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Delightful: University of Michigan’s Investments Are Financing a Billionaire Who Bankrolls the Far Right Vide
PostSubject: Delightful: University of Michigan’s Investments Are Financing a Billionaire Who Bankrolls the Far Right   Delightful: University of Michigan’s Investments Are Financing a Billionaire Who Bankrolls the Far Right Icon_minitimeMon Feb 10, 2020 1:24 am
University of Michigan students and faculty are part of the growing national effort to pressure university endowments to divest from the fossil fuel industry. UMich organizers are demanding that the Board of Regents divest its $12.4 billion from fossil fuels and move towards carbon neutrality by 2030. Against this backdrop of rising climate activism, the Regents recently voted down a $50 million investment in Vendera Resources, an oil and gas holding company. All this comes on the heels of a growing movement across the U.S. calling on institutions of higher education, in the face of our mounting climate emergency, to pull their billions in endowment investments out of oil, gas, and coal.
Given this, the University of Michigan community might be surprised to know that their endowment is helping to finance not merely a major U.S. oil driller, but one who uses his fossil fuel fortune to pour millions into funding the Texas far right and its efforts to restrict abortion rights and the civil rights of LGBTQ people, among other things.
Tim Dunn is a billionaire Texas oilman who is the driving force behind Empower Texans, a dark money operation that has pumped millions of dollars into advancing an ultra-conservative takeover of Texas politics. He’s used his massive fossil fuel wealth to advance his libertarian, evangelical agenda through Empower Texans and a host of other organizations, PACs, and political candidates. One journalist has labeled Dunn “probably the most influential donor operating in Texas today.”

Delightful: University of Michigan’s Investments Are Financing a Billionaire Who Bankrolls the Far Right GettyImages-1165771214-1200x774

https://truthout.org/articles/umich-investments-are-financing-a-billionaire-who-bankrolls-the-texas-far-right/

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Delightful: University of Michigan’s Investments Are Financing a Billionaire Who Bankrolls the Far Right

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