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Stanford will dump its coal company investments

2014-05-07 18:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Stanford University`s endowment fund is a fat one - nearly $19 billion rich. And, moving forward, none of those riches will be sunk into the ghastly practice of coal mining. The university -- which is situated on the edge of Silicon Valley, a hotbed for clean technology companies like Tesla -- announced on Tuesday that its board of trustees had approved a divestment resolution. According to the university`s statement, the fund will sell off stocks and abstain from buying any more in "publicly...

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