SAN FRANCISCO (CBS / AP) — San Francisco State University has voted to stop investing its endowment in coal and tar sands companies, joining a growing list of universities that have decided to stop investing in fossil fuels.
The school’s foundation, which oversees a $51.2 million endowment, also voted in May to look into removing all future investments in fossil fuels companies.READ MORE: Guilty Pleas In Huge Bay Area Retail Theft Ring; Ringleader Gets 6-Year Prison Term
SFSU’s decision announced Tuesday is part of the national Fossil Free divestment campaign, an advocacy strategy modeled after the anti-apartheid efforts of the 1980s. It aims to limit investments in fossil fuel companies by making their stocks morally and financially unattractive.READ MORE: COVID: Google Delays Return-To-Office Past Early January Amid Omicron Variant Concerns
Five schools—Unity College and College of the Atlantic in Maine, Hampshire College in Massachusetts, and Sterling and Green Mountain colleges in Vermont—have also voted to divest.MORE NEWS: Charlotte Mailliard Shultz, Widow Of George Shultz, Dies At 88 ; 'We Have Lost Our Grande Dame'
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