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Princeton Endowment Backs Out of Oil and Gas Divestment Pledge.

Bibliographic Details
Title: Princeton Endowment Backs Out of Oil and Gas Divestment Pledge.
Authors: Lorin, Janet (AUTHOR)
Source: Bloomberg.com. 6/1/2026, pN.PAG-N.PAG. 1p.
Subject Terms: *Investment policy, *Universities & colleges, *Clean energy, *Endowments, *Financial performance, *Sustainable investing, Fossil fuels, Climate research
Company/Entity: Princeton University
Abstract: The article focuses on Princeton University's decision to reverse its 2022 pledge to divest from publicly traded oil and gas companies, while maintaining its commitment to divest from thermal coal and tar sands firms. Vincent Tuohey, President of the Princeton University Investment Company (Princo), stated that the initial divestment did not clearly advance the endowment toward a net-zero portfolio and emphasized the continued role of major energy companies in the clean-energy transition. Princeton’s $36.4 billion endowment, which funds about 65% of the university’s operating revenue, has recently underperformed compared to peer institutions. The reversal aims to provide greater investment flexibility amid financial pressures, supporting critical university functions such as financial aid and climate research. [Extracted from the article]
Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Business Source Index
FullText Text:
  Availability: 0
Header DbId: bsx
DbLabel: Business Source Index
An: 194201606
RelevancyScore: 1407
AccessLevel: 6
PubType: Periodical
PubTypeId: serialPeriodical
PreciseRelevancyScore: 1406.61413574219
IllustrationInfo
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  Data: Princeton Endowment Backs Out of Oil and Gas Divestment Pledge.
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  Data: <searchLink fieldCode="AR" term="%22Lorin%2C+Janet%22">Lorin, Janet</searchLink> (AUTHOR)
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  Data: The article focuses on Princeton University's decision to reverse its 2022 pledge to divest from publicly traded oil and gas companies, while maintaining its commitment to divest from thermal coal and tar sands firms. Vincent Tuohey, President of the Princeton University Investment Company (Princo), stated that the initial divestment did not clearly advance the endowment toward a net-zero portfolio and emphasized the continued role of major energy companies in the clean-energy transition. Princeton’s $36.4 billion endowment, which funds about 65% of the university’s operating revenue, has recently underperformed compared to peer institutions. The reversal aims to provide greater investment flexibility amid financial pressures, supporting critical university functions such as financial aid and climate research. [Extracted from the article]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsx&AN=194201606
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 1
        StartPage: N.PAG
    Subjects:
      – SubjectFull: Investment policy
        Type: general
      – SubjectFull: Universities & colleges
        Type: general
      – SubjectFull: Clean energy
        Type: general
      – SubjectFull: Endowments
        Type: general
      – SubjectFull: Financial performance
        Type: general
      – SubjectFull: Sustainable investing
        Type: general
      – SubjectFull: Fossil fuels
        Type: general
      – SubjectFull: Climate research
        Type: general
      – SubjectFull: Princeton University
        Type: general
    Titles:
      – TitleFull: Princeton Endowment Backs Out of Oil and Gas Divestment Pledge.
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          Name:
            NameFull: Lorin, Janet
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          Dates:
            – D: 01
              M: 06
              Text: 6/1/2026
              Type: published
              Y: 2026
          Titles:
            – TitleFull: Bloomberg.com
              Type: main
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