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Fossil fuel investments account for about 5% of the university s $1.6 billion endowment, the university said. Sixty percent of those investments are in private funds, and the remainder are in public equity or fixed income accounts.
The university s Board of Governors and Board of Trustees has voted to approve the change. It was spurred by a committee of students, faculty and staff who considered the request from student group Endowment Justice Collective
Rutgers is among the most recent U.S. universities to ditch its less environmentally friendly investments. Schools like Cornell University, the University of Michigan, Brown University and Georgetown University made the switch.
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