Over 1,000 institutions with approximately 14 trillion dollars of assets have committed to divesting from fossil fuels. 15% are educational institutions.
Below are some of the universities that have fully or partially divested. See the full list of divested institutions at Fossil Free.
school will stop making new investments of endowment funds in fossil fuel companies and will move to withdraw funds already invested in those firms…That decision — which was made by the school’s board of directors — comes amid pressure from students and other activists on campus asking the university to divest as part of the battle against climate change.”
2020: BROWN UNIVERSITY—“The University is in the process of selling all of its direct investments and managed funds that focus on fossil fuels, President Christina Paxson P’19 wrote in a March 4 Today@Brown announcement.”
2019: UNIVERSITY OF CALIFORNIA—Chief Investment Officer and Chairman of the UC Board of Regents’ investments committee write that the “reason we sold some $150 million in fossil fuel assets from our endowment was the reason we sell other assets: They posed a long-term risk to generating strong returns for UC’s diversified portfolios.” Read more about their decision here.
2017: JOHNS HOPKINS UNIVERSITY—“The university’s board of trustees voted to divest its endowment from thermal coal...after the Public Interest Investment Advisory Committee (PIIAC) recommend that the University divest from fossil fuels.”
2017: BARNARD COLLEGE—“Barnard’s board of trustees voted to accept the Presidential Task Force to Examine Divestment’s recommendation to divest from companies that deny climate change, as well as companies that mine coal and tar sands…”
2016: YALE UNIVERSITY—“[Chief Investment Officer David] Swensen reported that after months of talking with Yale’s external investment managers about the potential risks associated with investments in coal, oil, around $10 million of the endowment has been removed from two publicly-traded fossil fuel producers.”
2014: STANFORD UNIVERSITY—“The Stanford University Board of Trustees announced yesterday that the University will no longer directly invest endowment funds in coal mining companies, making Stanford the first major American university to take such a step.” Fossil Free Stanford continues the fight for full divestment from fossil fuels, namely oil and gas.