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Stanford kicks coal out of its $18 billion endowment

2014-05-07 20:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: The fossil fuel divestment campaign won a major victory today as Stanford University announced it would drop coal companies from its massive $18.7 billion endowment, the fourth largest of any American university. The action follows a petition by student group Fossil Free Stanford, five months of research by Stanford's Advisory Panel on Investment Responsibility and Licensing, and finally a vote by the Board of Trustees. "The university's review has concluded that coal is one of the most carbon-intensive...

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