"Harvard 'Pausing' Investments In Some Fossil Fuels"

"University stops short of fully divesting its $36bn endowment from coal, oil and gas but green groups welcome the breakthrough after a five-year campaign"

"Harvard University is 'pausing' investments in some fossil fuel interests following a five-year campaign by some students and environment groups to pressure the university to divest itself from coal, oil and gas.

The elite university has come under fire for investing its $36 billion endowment in a portfolio that contains fossil fuel companies and has until now resisted a concerted divestment campaign that has also targeted other US universities.

However, Colin Butterfield, head of natural resources at the Harvard Management Company, said that climate change is a 'huge problem' and that 'for now, we are pausing minerals and oil and gas.'"

Oliver Milman reports for the Guardian April 27, 2017.

Source: Guardian, 04/28/2017