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Tag: coal
When Colleges Divest In Coal, It's Barely A Drop In The Bucket
2014-05-08 00:04:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: If the students at Stanford University believe they sent the coal industry a strong message this week, they should think again. The school's decision to eliminate coal from its portfolio did not send shock waves through the industry. In fact, representatives say it will have no financial impact on the industry at all. Nor will it curb the growing demand around the world for coal-generated electricity. "It strikes us as a politically expedient course of action rather than a rational response,"...
Stanford Dumps Its Holdings In Coal, With Climate In Mind
2014-05-07 23:08:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: Stanford says it will its divest holdings in coal companies over climate change concerns. It's the most prominent of the roughly one dozen colleges that have decided to sell off fossil fuel holdings.
Tags: mind
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coal
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...
Tags: billion
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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...
Tags: company
investments
coal
dump
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
billion
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drops
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