Stanford University will divest from coal companies

Bloomberg: Stanford University said it will stop investing in coal companies in response to a student-led campaign aimed at curbing climate change.

The university’s board of trustees voted today to no longer make direct investments in publicly traded companies that mine coal for energy generation. The vote followed the recommendation of a panel including students, faculty, staff and alumni that has been studying the impact of fossil-fuel companies for several months, Stanford said.

“Moving away from coal in the investment context is a small but constructive step while work continues at Stanford and elsewhere to develop broadly viable sustainable energy solutions for the future,” John Hennessy, Stanford’s president, said in a statement.

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