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Stanford Drops Coal Stocks From Its $18.7 Billion Endowment Portfolio

2014-05-07 18:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: Stanford has become the first major U.S. university to divest its shares in coal-mining companies from its endowment funds, lending support to a growing nationwide movement calling for universities and pension funds to drop investments in fossil fuel companies. Citing guidelines that allow trustees to weigh whether corporate policies or practices create substantial social injury when choosing investments for the university's $18.7 billion endowment, the board decided, after five months of deliberation,...

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