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Stanford Drops Coal Stocks From Its $18.7 Billion Endowment Portfolio
2014-05-07 18:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale Environment 360: Stanford has become the first major U.S. university to divest its shares in coal-mining companies from its endowment funds, lending support to a growing nationwide movement calling for universities and pension funds to drop investments in fossil fuel companies. Citing guidelines that allow trustees to weigh whether corporate policies or practices create substantial social injury when choosing investments for the university's $18.7 billion endowment, the board decided, after five months of deliberation,...
Tags: portfolio
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Encana buys Texas oil field for $3.1 billion from Freeport-McMoRan
2014-05-07 15:47:25| Oil & Gas - Topix.net
Encana Corp. says it has reached an agreement to acquire 45,500 net acres of oil-producing property in south Texas for $3.1 billion.
Encana to purchase Texas land for US$3.1 billion to increase oil production
2014-05-07 14:19:54| Energy - Topix.net
Encana Corp. expects to roughly double its oil production with the $3.1 billion acquisition of property in south Texas.
Tags: land
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production
Telefonica offering $1 billion for majority stake in Spain's Digital Plus pay TV
2014-05-07 13:24:12| Telecom - Topix.net
Spanish telecommunications company Telefonica is offering 725 million euros for a controlling stake in Spain's pay-per-view TV operator, Digital Plus.
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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