U. of U. may dump oil and gas stocks, but it will take at least a year. Why the wait?

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University of Utah President Taylor Randall says the school is still looking at divesting oil and gas holdings in its $1 billion endowment, but it will be at least another year before such a move occurs.

Taylor Randall addresses the crowd during his inauguration March 23, 2022. Randall told The Tribune editorial board the school is still going forward with a plan to divest fossil fuel holdings from its $1 billion endowment, but it would be at least another year before it happens.Speaking to The Salt Lake Tribune editorial board recently, Randall said the state’s flagship university is in the process of hiring a new chief investment officer and is restructuring management of the U.

The ad hoc committee, which included faculty, students and nonvoting members of U. administration, held public town hall meetings and gathered other information to produce“The university should modify its existing investment pool guidelines and implementation strategy,” the report stated, “to establish principles and approaches that further its established charitable purposes regarding climate change and sustainability, as well as its fiscal goals, in future endowment investment decisions.

Piper Christian, a student member of the committee, would like to see a more timely response to the eight recommendations and is concerned that the process laid out by the trustees is “vague.” The U. is following a trend in higher education. Eight of the 12 Pac-12 universities have some kind of divestment plan, andfrom its $42 billion endowment.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

The Utah legislature needs to put the kibosh on this stupidity ASAP.

Wellof course, it’s the new woke way for our woke and absurd universities to feel relevant. Stuff it U of U, you’re a joke.

Very stupid. Asinine.

Mormonism is all about money and power ever since the days of Joe Smith.

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