Stanford will drop coal stocks from its endowment (Eastcolfax/ FlickrCC).
Stanford University announced Wednesday that it will no longer use any of its $18 billion endowment to support coal mining companies.
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Stanford is the most prominent university yet to bow to student pressures to divest money from fossil fuels.is one of many student-led activist groups that have ramped up the pressure on big-name schools like and MIT.
In a, Stanford laid out what the policy change will mean:
Yari Greaney, a junior at Stanford and member of Fossil Free Stanford spoke toyesterday about her involvement with the project.
The push for universities to divest from fossil fuel has been compared to the movement in the 1960's for colleges to divest in opposition to apartheid.
Last month, more than a hundred faculty members at Harvard called on the university to divest from fossil fuels. In a letter addressed to President Drew Faust, the professorsHarvard ought to better align its investment and intellectual research.