Syracuse University Divestment Day. Photo: Divest SU and ESF Facebook page
An 18-day sit-in sure helped: Syracuse University announced on March 31st that it is dropping all fossil fuel stocks from its $1.2 billion endowment. Stanford University promised last year to drop coal stocks from its huge $21.4 billion endowment. But Syracuse is now widely reported to be the largest endowment to “completely divest” from all fossil fuel stocks.
The students, while jubilant at the victory, nonetheless critiqued the New York Times for being less than completely accurate in reporting on the divestment announcement. From the Syracuse divestment campaign’s Facebook page:
“But the article is wrong about full divestment – Syracuse University put a prohibition on direct investments from fossil fuels, which they had none of in the first place. SU still has substantial investments in fossil fuels through external fund managers.”
November 2014: Chancellor Syverud visits students staging…
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