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Stanford to Purge $18 Billion Endowment of Coal Stock

2014-05-07 02:10:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Stanford University announced Tuesday that it would divest its $18.7 billion endowment of stock in coal-mining companies, becoming the first major university to lend support to a nationwide campaign to purge endowments and pension funds of fossil fuel investments. The university said it acted in accordance with internal guidelines that allow its trustees to consider whether corporate policies or practices create substantial social injury when choosing investments. Coals status as a major source...

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