"University of Massachusetts to Divest From Fossil-Fuel Holdings"

"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.

Divestment has been a popular issue in recent years among students, who have protested at campuses including UMass. In February Cornell University voted against divesting from oil and gas investments while Stanford University rejected a proposal in April. Yale University’s $26 billion endowment sold less than $10 million in investments in April."

Kate Smith reports for Bloomberg May 25, 2016.

Source: Bloomberg, 05/26/2016