07 May 2014:
Stanford Drops Coal Stocks
From Its $18.7 Billion Endowment Portfolio
Fossil Free Stanford
Stanford has become the first major U.S. university to divest its shares in coal-mining companies from its endowment funds, lending support to a growing nationwide movement calling for universities and pension funds to drop investments in fossil fuel companies. Citing guidelines that allow trustees to weigh whether “corporate policies or practices create substantial social injury” when choosing investments for the university's $18.7 billion endowment, the board decided, after five months of deliberation, to purge stakes in up to 100 companies worldwide that derive profits primarily from coal mining. A Stanford spokeswoman said that coal companies constitute a small fraction of the university's total endowment investments,
“but a small percentage is still a substantial amount of money." Board members said their decision was made partly because coal is the most carbon-intensive of any major fossil fuel and that less carbon-intensive energy sources are available. The university also is not dependent on coal or coal-derived products. Other fossil fuels do not yet meet these standards, but those investments will likely be reviewed in the future, the university said. Advocates praise the move as a major milestone in the divestment movement and predict it will put pressure on other major universities to follow suit.
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Tribal people and ranchers join together to stop a project that would haul coal across their Montana land. Watch the video.
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The 2015 Yale e360 Video Contest winner documents a Northeastern town's bitter battle over a wind farm. Watch the video.
A 2015 Yale e360 Video Contest winner captures stunning images of wild salmon runs in Alaska. Watch the video.
video series looks at the staggering amount of food wasted in the U.S. – a problem with major human and environmental costs. Watch the video.
video goes onto the front lines with Colorado firefighters confronting deadly blazes fueled by a hotter, drier climate. Watch the video.
A three-part series Tainted Harvest
looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup. Read the series.