Deals
Stanford University Rejects Demand to Divest From Fossil Fuels
- Decision comes almost two years after it blacklisted coal
- School says oil, gas remain integral to global economy
This article is for subscribers only.
Stanford University has rejected a proposal to divest from fossil-fuel companies.
The decision by the university’s board of trustees comes almost two years after it said its endowment would divest from direct holdings in coal companies. Student activists have been pushing Stanford to expand the blacklist to include many of the largest publicly traded oil and gas companies as well.