Harvard University says it will end its investments in fossil fuels, a move that activists—both on and off campus—have been pushing the university to make for years.
In a Thursday message to the Harvard community, President Lawrence Bacow, said that endowment managers don’t intend to make any more direct investments in companies that explore or develop fossil fuels, and that its legacy investments in private equity funds with fossil fuel holdings “are in runoff mode and will end as these partnerships are liquidated.”
“This announcement is a massive victory for activists and for the planet,” Fossil Fuel Divest Harvard tweeted. “Much more work remains, of course—and our movement will be here to make sure that for Harvard, it’s only a beginning when it comes to building a more just and stable future.”
More at the link, including a sub-link to the broader push for fossil fuel divestment at colleges and universities across USA.