Λεπτομέρειες βιβλιογραφικής εγγραφής
| Τίτλος: |
Princeton Endowment Backs Out of Oil and Gas Divestment Vow. |
| Συγγραφείς: |
Lorin, Janet (AUTHOR) |
| Πηγή: |
Bloomberg.com. 6/2/2026, pN.PAG-N.PAG. 1p. |
| Θεματικοί όροι: |
*Disinvestment, *Clean energy, *Endowments, *Financial aid, *Investment policy, *Petroleum industry, *Sustainable investing, *Universities & colleges |
| Εταιρία/Οντότητα: |
Princeton University |
| Περίληψη: |
This 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 companies. 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 ongoing 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 experienced relatively low returns 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] |
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| Βάση Δεδομένων: |
Business Source Index |