Harvard Says No

October 4, 2013

Harvard University will not divest of its endowment holdings in the fossil fuel industry, said a statement issued Thursday by Drew Faust, the president. She wrote that she and board members did not consider such a move to be "warranted or wise." The push for colleges to divest of such holdings has attracted considerable attention in the last year or so, but most of the institutions that have announced plans to divest have relatively small endowments and do not depend on them for their finances. Harvard has the world's largest endowment.

Article Source: Inside Higher Ed