New York University decides against fossil-fuel divestment for endowment

New York University decides against fossil-fuel divestment for endowment l Pensions & Investments

by Robert Steyer, June 20, 2016

The New York University board of trustees voted against divesting fossil-fuel investments from its $3.5 billion endowment. “The board does not believe divestment is the proper action to take,” said a statement issued June 16, signed by William R. Berkley, chairman of the board of trustees, and Andrew Hamilton, the university’s president. “Regardless, the university will continue to take steps and look for concrete ways to enhance sustainability and reduce its greenhouse gas emissions.”