(DC ENQUIRER) – For years elite, woke universities like Harvard, Yale, and others have repeatedly divested themselves of fossil fuels in order to appease leftist environmentalists who demand that their schools end their association with oil and gas. This has come with consequences as Harvard, which has the largest endowment in the United States, is about to be usurped.
The University of Texas system, which comprises 13 schools across the Lone Star State, racks in $6 million a day from oil money from 2.1 million acres held in the Permian Basin, roughly the same size as Delaware and Rhode Island combined, according to Bloomberg.
Harvard’s $53.2 billion endowment, an investment account that is grown through stock market investment, private equity, and venture capital, is about to be overtaken by UT’s $42.9 billion investment portfolio as the gap closes between the two following record prices in oil and gas.
