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Harvard Endowment Hires Environment Head Amid Divestment Demands http://apocadocs.com/s.pl?1375322097
Harvard University hired Jameela Pedicini as vice president for sustainable investing, a position created in the wake of student activist calls for the world's richest school to purge its holdings of fossil-fuel companies.
Pedicini, who most recently was the investment officer for global governance at the California Public Employees' Retirement System, will work for Harvard Management Co., the university-controlled investment arm that oversees more than $30 billion of assets. ...
In the last year, students at hundreds of campuses, including the eight Ivy League schools, have joined a fossil-fuel divestment movement led by activist group 350.org. They are demanding that schools purge their endowments of investments in 200 publicly traded companies with the largest reserves of oil, gas and coal in recognition of their contribution to climate change.
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'Doc Jim says:
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Boy, those college kids are smart!
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And their colleges will avoid losing lots of money, by listening to them!
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