- Dirty money May 7
Citing a responsibility to promote a more sustainable planet, Stanford University announced Tuesday it would divest from coal companies. In doing so, Stanford becomes the latest (and largest) of about a dozen colleges to nix coal investments after facing pressure from environmentalists.
The student group Fossil Free Stanford began a petition drive last year urging the change, which prompted a review from an endowment advisory panel and ultimately a vote from the Board of Trustees. In announcing the move, Stanford President John Hennessy said the school "has a responsibility as a global citizen to promote sustainability for our planet," and that emission-heavy coal did not jibe with that ideal.
Stanford does not disclose how it spends every penny of its endowment, but at almost $19 billion as of last August — the fourth-largest endowment in the nation — the potential pool of money is quite large.- -
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The 11 worst fast food restaurants in America
- I hate Ayn Rand — but here's why my fellow conservatives love her
- Here's the schedule very successful people follow every day
- The weird obsession that's ruining the GOP
- Why Peter Capaldi has a bigger challenge than any Doctor Who in history
- 7 things the world's happiest people do every day
- Why are so many parents being arrested?
- 7 grammar rules you really should pay attention to
- The secret to Gabrielle Hamilton's amazing grilled cheese sandwiches
- Why Halbig and the conservative war on ObamaCare will fail
Subscribe to the Week