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Stanford University Says No To Coal Investments

2014-05-07 17:16:00| Climate Ark Climate Change & Global Warming Newsfeed

National Public Radio: Stanford's trustees say the school will no longer invest in companies that mine coal, joining about a dozen other colleges that have taken the step. The decision cited alternate energy sources that emit less greenhouse gases. Stanford will liquidate any current holdings in coal-producing companies, the school says. Of the schools that have divested, it's by far the largest. "Stanford wouldn't say how much it currently invests in coal companies," NPR's Elizabeth Shogren reports. "Its total endowment...

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Duke Energy posts loss on coal fleet

2014-05-07 15:19:46| Energy - Topix.net

The company's regulated utility operations, however, performed better than expected because of higher rates and stronger demand for power.

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Stanford University ditches coal investments

2014-05-07 11:40:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Stanford has become the most prominent US university to date to cease investments in coal projects, after identifying alternatives with less harmful environmental impacts. The university's board of trustees yesterday voted to stop making direct investments in publicly-traded companies mining coal for energy generation. Stanford, which wields one of the world's largest endowments of around $18.7bn, said in a statement that the vote followed the recommendation of a panel of students, staff, faculty,...

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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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Australia: Wind energy surges to record share as coal ebbs

2014-05-05 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: The Liddell coal-fired power station near Singleton: The shift away from coal for power and towards renewables such as wind may be reversed if the carbon tax is axed. Photo: Nick Moir Wind energy`s share of Australia`s main electricity market jumped to a record last month, helping to curb emissions from the power sector even as hydro output shrank, according to energy consultancy Pitt & Sherry. Wind farms, derided last week by Treasurer Joe Hockey as "utterly offensive" blights on the landscape,...

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