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Stanford University ditches coal investments

2014-05-07 11:40:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Stanford has become the most prominent US university to date to cease investments in coal projects, after identifying alternatives with less harmful environmental impacts. The university's board of trustees yesterday voted to stop making direct investments in publicly-traded companies mining coal for energy generation. Stanford, which wields one of the world's largest endowments of around $18.7bn, said in a statement that the vote followed the recommendation of a panel of students, staff, faculty,...

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