Director Don Lieber Discusses the "First Do No Harm" Campaign
Despite the fact US healthcare has $7.6 trillion market cap and is beyond capital intensive, industry executives have been loathe to divest in fossil fuels. For example, per “The Lancet’s” 2023 and 2024 annual “Countdown on Health and Climate” reports, between 2008 and 2023 of the 1,613 institutions committed to divesting in fossil fuels, only 28 were healthcare institutions and since 2018 only one has committed to doing so. Among numerous other reasons why this is, to be polite, disturbing, if not evil, is because: fossil fuel investments substantially explain healthcare’s massive carbon footprint at over 600 MMT of CO2e annually; anthropocentric warming poses the greatest threat to human health; failure to divest make a mockery of the Hippocratic Oath; and, among other ironies of the 12 S&P 500 economic sectors the energy sector was the worst performer by far since 2010. Information regarding the First Do No Harm campaign, including their sign-on letter, is at: https://firstdonoharm.earth/. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.thehealthcarepolicypodcast.com