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Posted Wed May 7 2014: from Climate Progress:
Stanford University Will Purge Coal Investments From Its $18.7 Billion Endowment
Stanford University announced Tuesday it would divest from the coal industry, making it the first major university to do so. The university's internal guidelines allow the Board of Trustees to consider whether the "policies or practices" of companies they invest in "create substantial social injury." Following a five-month review process, an advisory panel that included students, faculty, staff and alumni recommended that stocks from companies "whose principal business is coal" be sold off and excluded from any future investments. On Tuesday, the Board voted to follow through on that conclusion.
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