Creighton University announced it plans to phase out all investments in fossil fuels from its $587 million endowment within the next 10 years and target new investments in sustainable energy.
Under the new investment policy, Creighton will sell off public securities of fossil fuel companies within five years and end holdings in private fossil fuel investments within 10 years. At the same time, it plans to seek out new investments in renewable energy and energy efficiency.
The decision, approved by the trustees in September and announced on New Year’s Eve, comes more than two years after students on the Jesuit campus in Omaha, Nebraska, began pressuring school leadership to divest from companies involved in the extraction and refining of coal, oil and natural gas because of their leading role in human-driven climate change. The move makes Creighton the fourth U.S. Catholic university to make public its plans to divest fully from fossil fuels.
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