Rockefeller Heirs Join Pledge To Divest $50 Billion From Fossil Fuels
One of the higher profile education institution divestments came in May, when Stanford University said it will no longer use any of its $18.7 billion endowment to invest in coal mining companies.While some smaller liberal colleges have made divestment announcements, some larger institutions have been reluctant. The University of California voted last week to maintain its investments in fossil fuels, frustrating a student-led effort to divest its portfolio in oil, natural gas and coal.
South African Archbishop Desmond Tutu, an anti-Apartheid figure who has been a strong voice on the need for economic divestments, will add to Monday's announcements in a recorded video announcement in which he will call for a freeze on all new fossil fuel exploration.
"We can no longer continue feeding our addiction to fossil fuels as if there is no tomorrow, for there will be no tomorrow," he said.(Reporting By Valerie Volcovici; Editing by Michael Perry) ((email@example.com; +1)(202)(898 8373;)(718)(496 5224 Reuters Messaging: firstname.lastname@example.org)
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