The Teacher Retirement System of Texas is required by law to boycott companies that divest fossil fuels.
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
The school will also invest up to $25 million with climate impact funds.
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.