Amid university divestment pledges, undisclosed investments in fossil fuel companies revealed Healy Hall is a focal point on campus. Photo by John Woolley
Georgetown’s 13F-HR report from the U.S. Securities and Exchange Commission in August of this year revealed university investments in Range Resources, PDC Energy, and Antero Resources, three companies with a focus on the extraction of unconventional fossil fuel resources like natural gas and hydrocarbon exploration.
13-HR forms are for publicly traded securities worth more than $100 million each quarter. Although large parts of Georgetown’s financial records are hidden from the public, the August disclosure amounts to nearly $9.6 million in shares between the three companies. The revelation of the investments come after Georgetown finalized a plan to divest the university’s endowment from investments in the fossil fuel industry in February.
the natural gas storage report from the EIA for the week ending December 4th indicated that the quantity of natural gas held in underground storage in the US decreased by 91 billion cubic feet to 3,848 billion cubic feet by the end of the week, which left our gas supplies 309 billion cubic feet, or 8.7% higher than the 3,539 billion cubic feet that were in storage on December 4th of last year, and 260 billion cubic feet, or 7.2% above the five-year average of 3,588 billion cubic feet of natural gas that have been in storage as of the 4th of December in recent years..the 91 billion cubic feet that were drawn out of US natural gas storage this week was higher than the average forecast from an S&P Global Platts survey of analysts who expected a 78 billion cubic foot withdrawal, and was also much higher than the average withdrawal of 61 billion cubic feet of natural gas that are typically pulled out of natural gas storage during the same week over the past 5 years, and the 57 billion cub
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