University of Utah won't get rid of fossil-fuel investments

The Associated Press


SALT LAKE CITY (AP) — The University of Utah board of trustees is rebuffing a push to get rid of the school's investments associated with fossil fuels.

President David Pershing said in a statement Thursday that university leaders aren't convinced that divesting is the best way to address climate change.

The announcement comes after faculty members on the Academic Senate passed a resolution calling for the school to divest its endowment over the next five years.

Pershing said leaders support increasing the school's investments in green loan funds and the use of low-carbon investment funds.

The move could have been costly for the public institution because the state actively promotes oil and gas development, coal mining and the export of its coal overseas.

Pro-divestment alum Matthew Kirkegaard calls the disheartening and says climate change could destabilize students' futures.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013