When the University of Michigan’s chief financial officer asked the school’s Board of Regents in December to authorize a new $50 million oil-and-gas investment, they gave an answer he had never heard before: No.
The board delivered the news at a meeting packed with student activists. They had spent months pushing the university to stop funding fossil-fuel companies. A few weeks later, the school said it was freezing all direct investments in such companies.
~ Matt Wirz, "Universities Cut Oil Investments as Student Activism Builds: Push for large-scale divestment at colleges marks the latest blow to companies; some call it counterproductive," The Wall Street Journal, July 14, 2020
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