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28th April, 2017 - Harvard 'pausing' investments in some fossil fuels

April 27, 2017 Jon Gracey

"Harvard University is “pausing” investments in some fossil fuel interests following a five-year campaign by some students and environment groups to pressure the university to divest itself from coal, oil and gas.

The elite university has come under fire for investing its $36bn endowment in a portfolio that contains fossil fuel companies and has until now resisted a concerted divestment campaign that has also targeted other US universities.

However, Colin Butterfield, head of natural resources at the Harvard Management Company, said that climate change is a “huge problem” and that “for now, we are pausing minerals and oil and gas.”"

Full story here!

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