Syracuse University announces it will divest from fossil fuels

Syracuse University announced Tuesday that it is formally divesting endowment funds from coal mining and other fossil fuel companies.

SU will continue to seek investments through its endowment in companies that are focused on developing new technology involving solar energy, biofuels and advanced recycling, according to an SU News release.

This commitment means that SU will not “directly invest in publicly traded companies whose primary business is extraction of fossil fuels.” External investment managers at SU will also be directed to halt investments in these public companies, according to the release.

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