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Harvard Won't Divest Its $32.7B Endowment From Fossil Fuel Holdings

2013-10-04 12:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Harvard University, the worlds richest school, wont sell its investments in fossil-fuel companies amid pressure from students, President Drew Faust said in a letter released today. I do not believe, nor do my colleagues on the Corporation, that university divestment from the fossil fuel industry is warranted or wise, Faust said in the letter, referring to Harvard Corporation, the schools governing board. The endowment is a resource, not an instrument to impel social or political change....

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