Student activists were lukewarm by Georgetown University's resolution Thursday to divest their $1. 5 billion endowment outside of coal, characterizing it as a a depiction move that will have little affect on the institution or the climate.
Coordinators of the student group GU Precious Free described as "morally indefensible" your decision by Georgetown's board of movie fans, which is similar to Stanford University's selection last year to cease its purchases of companies whose chief purpose is probably coal mining.
"While a tiny primary the right direction, GU FOSSIL iPhone 5 case Clear is greatly disappointed by this selection because we understand that Georgetown's make use of investments in all fossil fuel specialists represent only about less than 2 number of Georgetown's entire endowment, " said a statement on the group's Buy facebook likes page.
"Even the Board confesses that this represents an 'insubstantial part of the University's endowment, '" menti one d the statement. "This step can not be nearly enough. "
The Georgetown board announced that it will no longer "make or continue any direct assets of endowment funds in specialists whose principal business is exploration coal for use in energy production, " while acknowledging that such assets are "insubstantial. "
In its pixel size, the board pointed to their duty to "steward the university's endowment carefully, " the same explanation used by dozens of other universities throughout the last two years when rejecting Fossil iPhone case-fuel divestment proposals, including Harvard, Yale alongside University of California.
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