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Endowment moves away from fossil fuel stocks | Light & Verity

Endowment moves away from fossil fuel stocks | Light & Verity
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Yale sets new carbon reduction targets, takes divestment steps

Share In 2005, Yale became one of the world’s first universities to commit to reducing its greenhouse gas emissions, pledging that by 2020 it would reduce its carbon output 43% compared with that year’s emissions. Last year Yale reached this goal despite significant growth in campus population and square footage in the intervening time. Now university leaders are targeting an even faster pace of change. On Thursday, Yale pledged to achieve zero actual carbon emissions that is, driving carbon emissions to zero without having to purchase carbon offsets by 2050, President Peter Salovey and Provost Scott Strobel announced in a message to the Yale community.

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Yale sets new carbon reduction targets, takes divestment steps

In 2005, Yale became one of the world’s first universities to commit to reducing its greenhouse gas emissions, pledging that by 2020 it would reduce its carbon output 43% compared with that year’s emissions. Last year Yale reached this goal despite s

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Yale sets new carbon reduction targets, takes divestment steps

June 24, 2021 Share this with FacebookShare this with TwitterShare this with LinkedInShare this with EmailPrint this Photo by Dan Renzetti In 2005, Yale became one of the world’s first universities to commit to reducing its greenhouse gas emissions, pledging that by 2020 it would reduce its carbon output 43% compared with that year’s emissions. Last year Yale reached this goal despite significant growth in campus population and square footage in the intervening time. Now university leaders are targeting an even faster pace of change. On Thursday, Yale pledged to achieve zero actual carbon emissions that is, driving carbon emissions to zero without having to purchase carbon offsets by 2050, President Peter Salovey and Provost Scott Strobel announced in a message to the Yale community.

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Yale rolls out 5 principles for endowment on fossil-fuel investing

Yale rolls out 5 principles for endowment on fossil-fuel investing Getty Images Yale University s board of trustees approved a new set of five principles to guide decisions regarding potential fossil-fuel divestment in its $31.2 billion endowment. The principles, applicable to fossil-fuel producers and companies, state that they should neither explore for, produce, or supply fossil fuels that result in high greenhouse gas emissions when there are feasible alternatives; should operate in a manner consistent with best industry practices to reduce those emissions; support sensible government regulation and industry self-regulation; support accurate climate science; and provide transparency to Yale and Yale s managers regarding all those practices.

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