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University of Massachusetts to Divest From Fossil-Fuel Holdings

  • The $770 million fund eliminated coal holdings in December
  • School says it’s committed to fighting climate change

The University of Massachusetts said it will divest from direct fossil-fuel holdings in its endowment, without specifying the total amount of its investment.

The UMass Foundation, the corporation the oversees the state university’s $770 million endowment fund, decided to immediately eliminate its direct investments, the school said in a statement Wednesday.