Stanford Divesting Coal Helps Students Seeking Domino Effect
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Stanford University’s decision this week to end investments in coal companies may bolster student-led campaigns to stop climate change that have spread to hundreds of U.S. college campuses.
Stanford, which has an $18.7 billion endowment, is the wealthiest and most high-profile university to embrace the argument that universities should divest from fossil-fuel companies contributing to global warming. The other 11 institutions are relatively small, with endowments ranging from $960,000 to $124 million, and have stopped investing in oil and gas companies as well as coal, according to 350.org, the group behind the movement.