Syracuse to Drop Fossil Fuel Stocks From Endowment
https://portside.org/2015-04-01/syracuse-drop-fossil-fuel-stocks-endowment
Portside Date:
Author: John Schwartz
Date of source:
New York Times
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.”