Deals
Cornell Votes Against Divesting From Fossil-Fuel Investments
- University's fund has about $24 million in energy investments
- Guidelines approved to sell for socially responsible reasons
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Cornell University’s trustees voted against divesting from fossil-fuel investments in its $6.3 billion endowment and also approved guidelines on selling university funds for socially responsible reasons.
The board decided on Jan. 29 that it will consider divesting “only when the company’s actions or inactions are morally reprehensible,” constituting apartheid, genocide, human trafficking, slavery or systemic cruelty to children, including violation of child labor laws, according to the Cornell Chronicle, the university’s online newsletter published Tuesday.