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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...
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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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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,...
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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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stanford university
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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