Skip to content
Subscriber Only

MIT Rejects Demands to Divest Fossil-Fuel Stocks, Joining Yale

  • University focuses on five-year carbon reduction plan
  • President Reif on board of Alcoa, a targeted company

The Massachusetts Institute of Technology rejected demands from a student-led group to divest its $13.5 billion endowment of fossil-fuel investments, joining universities such as Harvard and Yale.

MIT said in an announcement on Wednesday that it will instead remain engaged with energy companies and introduced a five-year plan to combat climate change that includes bolstering research and cutting carbon emissions on its campus in Cambridge, Massachusetts. About 5 percent of MIT’s endowment is invested in fossil-fuel companies.