Amid university divestment pledges, undisclosed investments in fossil fuel companies revealed Healy Hall is a focal point on campus. Photo by John Woolley
Georgetown’s 13F-HR report from the U.S. Securities and Exchange Commission in August of this year revealed university investments in Range Resources, PDC Energy, and Antero Resources, three companies with a focus on the extraction of unconventional fossil fuel resources like natural gas and hydrocarbon exploration.
13-HR forms are for publicly traded securities worth more than $100 million each quarter. Although large parts of Georgetown’s financial records are hidden from the public, the August disclosure amounts to nearly $9.6 million in shares between the three companies. The revelation of the investments come after Georgetown finalized a plan to divest the university’s endowment from investments in the fossil fuel industry in February.