Joining a rapidly expanding international network of institutions seeking to de-fund the industries driving global warming, Syracuse University on Tuesday announced it would divest its $1.8 billion endowment from coal mining and fossil fuel companies.
In a press release, the private research university based in central New York explained: “This commitment means that Syracuse will not directly invest in publicly traded companies whose primary business is extraction of fossil fuels.”
In addition, the university said it would “continue to seek additional investments through its endowment in companies that are developing new technology related to solar energy, biofuels, and advanced recycling.”