Syracuse to Drop Fossil Fuel Stocks From Endowment

At $1.2 billion, Syracuse’s is the largest endowment to divest entirely of fossil fuel stocks.Katie McChesney, a campus divestment campaign organizer with the climate action group 350.org, said the successful student action showed that “if you want results, turn up the heat.”

John Schwartz New York Times
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Syracuse University is dropping all fossil fuel stocks from its endowment, the university announced on Tuesday.
At $1.2 billion, Syracuse’s is the largest endowment to divest entirely of fossil fuel stocks. (Stanford University last year pledged to drop coal stocks from its $21.4 billion endowment.)
The university’s chancellor, Kent Syverud, said the move was part of Syracuse’s “long record of supporting responsible environmental stewardship and good corporate citizenship.”
Student protesters staged an 18-day sit-in in November over divestment and other issues. Katie McChesney, a campus divestment campaign organizer with the climate action group 350.org, said the student action showed that “if you want results, turn up the heat.”