Princeton has cut ties with 90 fossil fuel companies. Fossil Free Penn says there’s more to do.

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Last month, Princeton University’s board of trustees announced it would take steps to “dissociate” from 90 companies related to the fossil fuel industry. The University of Pennsylvania is facing pressure from a student group to make similar changes.

Fossil Free Penn lauded Princeton’s steps in a statement, noting that it particularly liked that the university wasn’t just divesting but dissociating

“While this is a commendable step in the right direction, one which FFP hopes Penn will follow, it is not full divestment,” the group said. “Princeton and Penn both have more work to do.” Penn in a statement emphasized that it has taken multiple steps in recent years to address concerns. Last year, it announced its goal of reducing net greenhouse gas emissions from its endowment investments to zero by 2050, which it said in the statement that it is working toward.Penn also said it would refrain from making any new commitments in “private equity vehicles dedicated to investments in fossil fuel production.

Princeton’s announcement came after a two-year process with the school ultimately aiming to focus on the “most-polluting segments of the industry.” It also cited concerns about “corporate disinformation campaigns,” but said the bar to measure that is “exceedingly high, especially in the absence of quantitative standards” and that it wasn’t prepared to include those potential companies on the list, but might do so in the future.

 

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Does this mean that they will stop using fossil fuels to heat the campus in the winter and cool it in the summer. Of course it doesn’t , because from the trustees down to the students, they’re all frauds.

Princeton needs those dividends. If students want to pay more for college, then they better not major in women's studies.

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