Asset Management Culture
Oxford University Bans Fossil Fuel Investments
The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.
The Jesuit school said it will get rid of energy stocks over 10 years.
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.
Divestment campaign gathers steam with 79 universities signing on since 2014.
A report details CalSTRS policy of engaging fossil fuel companies rather than dumping their stock, which it sees as a last resort and potentially harmful to the portfolio.