This translation has been automatically generated and has not been verified for accuracy.Harvard University is ending its investments in fossil fuels, the school’s president said on Thursday, drawing praise from divestment activists who had long pressed the leading university to exit such holdings.
The university’s indirect investments in the fossil fuel industry “are in runoff mode,” he added. The indirect investments, made through private equity funds, make up less than 2% of the endowment, Bacow wrote.Recently valued at about $42-billion, the most of any university, the school’s endowment has been under pressure for years from students, alumni and other activists to sell off its fossil fuel holdings as a way to slow climate change.
Internal pressure for divestment has also grown, including from young members elected to one of Harvard’s leadership boards last year on a divestment platform.
Go woke go broke. Let's see how much money your going to lose. Hahahahahahaha
My opinion is that all these folk should live off anything that’s fossilfuel related. Act, don’t talk!
This fossil fuel divestment must be hard for you to take, eh G&M?