From the Daily Princetonian: The Princeton University Investment Company (PRINCO) has ended its divestment from publicly traded oil and gas companies, according to a letter from PRINCO President Vincent Tuohey published Monday. The University will maintain its previously-established dissociation from the thermal coal and tar sands portions of the fossil fuel industry. PRINCO, which manages the University’s endowment, has set a net-zero emissions goal for the University endowment portfolio by 2046, according to the letter, which is the same year as the University’s campus net-zero target. As a step towards achieving a net-zero endowment, PRINCO previously committed to eliminating all of its holdings in publicly traded fossil fuel companies in 2022. At this time, the University dissociated from 90 fossil fuel companies involved in thermal coal and tar sands, as mandated by the Board of Trustees.
In the letter, Tuohey described the change in divestment policy as part of PRINCO’s “revised approach” to balancing support for the University’s research mission and its commitment to climate sustainability...
Full story at https://www.dailyprincetonian.com/article/2026/06/princeton-news-adpol-princo-discontinues-divestment-publicly-traded-oil-gas-companies.
No comments:
Post a Comment