(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .
N.Y.U. has $139 million invested in fossil fuels [1]
[]
Date: 2023-09
N.Y.U. Divest provided the information to Capital, and a university spokesman confirmed it.
“The presentation, which has been posted on a website that is open to the entire NYU community, said the University’s $3.4 billion endowment’s exposure to the Carbon Underground 200 (the world’s top 200 public companies ranked by the carbon content of their fossil fuel reserves) is approximately 4% (3.3% in oil and gas and 0.7% in coal),” university spokesman Philip Lentz wrote in a statement to Capital. “That translates into $115 million in oil and gas and $24 million in coal.”
You can read the presentation by clicking here:
http://bit.ly/1BhKu6F
“I think it’s a small enough percentage that it won’t be difficult for the university to divest from, but large enough that we’re still profiting from fossil fuels, which is unwise fiscally and morally,” said Olivia Rich, an N.Y.U. Divest member and freshman in Liberal Studies planning to major in politics and public policy, in a telephone interview with Capital.
CORRECTION: A previous version of this article misidentified the group to whom the presentation was made. It was the University Senate Working Group on Fossil Fuel Divestment, not a faculty senate subcommittee. The article has been updated accordingly.
[END]
---
[1] Url:
https://www.politico.com/states/new-york/city-hall/story/2014/12/nyu-has-139-million-invested-in-fossil-fuels-020693
Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..
via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/
