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Organizers from Fossil Fuel Divest Harvard â an activist group calling for Harvard to divest from the fossil fuel industry â met with senior staff members from the office of Massachusetts Attorney General Maura T. Healey â92 Friday to discuss a legal complaint they filed in March over the Universityâs investments. The grievance, filed by Divest Harvard on March 15, alleges that Harvardâs continued investment in fossil fuels violates a provision of the 2009 Uniform Prudent Management of Institutional Funds Act â a state law that stipulates not-for-profit entities have a duty to invest in line with their charitable missions. As of February, the Universityâs fossil fuel holdings are valued at less than two percent of its $41.9 billion endowment. ....
Activists with Fossil Fuel Divest Harvard â a student group calling for the University to divest from fossil fuels â filed a complaint with Massachusetts Attorney General Maura T. Healey â92 on Monday, alleging that Harvardâs highest governing board is violating state law through its continued investments in the fossil fuel industry. The complaint claims the Universityâs fossil fuel holdings, valuated at less than two percent of the total endowment, represent the Harvard Corporationâs âfailureâ to comply with a provision of the 2009 Uniform Prudent Management of Institutional Funds Act provision that stipulates that not-for-profit entities have a duty to invest with their charitable purposes in mind. ....